Nokia Invests USD 8M in Connected Car Startup Zubie

After getting acquired for its mobile handset business by Microsoft, Nokia had raised USD 100 million connected car fund to invest in new automotive technologies, in May.

Now, the company has invested an USD 8 million from this fund in Series B round in connected car startup Zubie, with participation from auto parts maker Magna International, reports GigaOm.

zubie

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Earlier, Zubie had secured USD 10 million in Series A and an undisclosed amount in Seed investment. Launched in 2012, that provides location tracking, driver scoring, alert and location sharing services.

It makes a device called Zubie Key that plugs into the car – and delivers real-time engine health information.

The Key recording everything from acceleration and braking to driving routes, analyzes driving behavior, the info is transmits to the cloud by the cellular radio and then it is uploaded into the smartphone app. Zubie having 23 employees in its current team.

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