Mapping and location platform magic lane We have raised €3 million for navigation for micromobility, special vehicles, apps and platforms.
This round was led by There is no such venture.
Magic Lane’s software development kits (SDKs) allow businesses to easily incorporate mapping, location, and navigation capabilities into vehicles, apps, and online platforms using a common programming language. Its system requires minimal hardware, ensures end-user location data is not tracked, and navigation and routing works offline. This makes the technology applicable to electric bikes, scooters, and other embedded applications, providing a solution for companies with large fleets of vehicles.
Competitors include Google, TomTom, Here Technologies and Mapbox, and Magic Lane Technology is used by logistics companies, fleet management, ride-hailing and sharing platforms.
“This investment allows us to truly accelerate our efforts to transform the location industry,” CEO Raymond Alves said in a statement. “Our solutions address the evolving needs of the IoT and micromobility markets.”
“This investment will be used to expand our commercial operations, strengthen our marketing efforts and deepen our partnerships, further developing Magic Lane’s presence in new markets. , accessibility, and efficiency in the micromobility market. “The IoT, especially “connected mobility”, will have to reach its full potential than what is currently the norm. There is a need for smart, lightweight, and fast mapping and navigation solutions, and we are pleased to help Magic Lane meet that demand with this investment.” added Thijn van Helvoirt.
