TKB Critical Technologies 1 to merge with Wejo Group.

TKB Critical Technologies 1, a blank check company, agreed to merge with Wejo Group, a British connected vehicle data start-up. Financial terms were not disclosed. "This transaction is transformative for Wejo, providing significant funding progress in our bridge to profitability and allowing us to make critical investments in our technology platform and product portfolio. The deal signifies a clear recognition that Wejo’s market differentiating Smart Mobility for Good products and services are world-class and positions the company to invest and capitalize on the expected tidal wave of business growth opportunities," Richard Barlow, Wejo CEO.