iUGO Receives $1 Million Investment from Otokoç Otomotiv

Otokoç Otomotiv, which invests in technology-based and innovative startups, invested 1 million dollars in iUGO, a startup that develops efficient driving solutions. iUGO will further expand its operations with the investment it received from Otokoç Otomotiv. Otokoç Otomotiv will further expand its nearly 400 service points in nine countries.

Thus, it will maintain its leadership in mobility. iUGO develops technologies for vehicle telemetry. The Turkish startup also brings a new perspective to efficient and safe driving solutions with advanced technologies. The startup combines the data it obtains with unique algorithms. In this way, it transforms the dynamics of the vehicle tracking sector and driver habits into a learning model.

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iUGO Aims to Maintain Its Position in the International Market

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In addition, the Turkish startup carries out many activities with learning algorithms and artificial intelligence solutions on the roadmap towards driverless vehicles. It develops models for engine and vehicle control. It also conducts R&D studies on advanced multi-layered mapping.