Soracom Receives Investment from Suzuki Global Ventures
Summary
Soracom, a Seattle, WA-based provider of advanced connectivity for the Internet of Things (IoT), received an investment from Suzuki Global Ventures. The company intends to use the funds to develop mobility services that can establish an infrastructure for business and daily life in a connected, sustainable society. Soracom and Suzuki signed an agreement on February 27, 2024 to utilize advanced IoT technologies in the mobility services sector. The two companies are exploring the possibility of collaborating on the use of IoT advanced technologies for mobility services, including electric vehicles, new products such as electric mobility base units, and initiatives to support carbon neutrality in the global market. The two companies will work together to develop mobility services that can establish an infrastructure for business and daily life in a connected, sustainable society.