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Oct. 31, 2007

TeleNav Press Release:

TeleNav Ranked Number One in Deloitte's Technology Fast 50 Program for Silicon Valley Internet, Media & Entertainment

Attributes fast growing navigation market for its 16,666 percent revenue growth

Sunnyvale, Calif. – October 31, 2007—TeleNav, Inc., the first company to launch a GPS service for cell phones in the U.S., has been named the first place winner in Deloitte’s prestigious Technology Fast 50 Program for Silicon Valley, a ranking of the fastest growing technology, media, telecommunications and life sciences companies in the region by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings are based on percentage revenue growth over five years from 2002-2006.

TeleNav’s President, CEO and Co-Founder HP Jin credits the company’s dedication and determination for its 16,666 percent revenue growth from 2002-2006. “Throughout our company’s history we continually encountered challenges, both economically and technologically. Despite these obstacles, we always believed in the potential GPS services presented to the wireless industry and continued to push forward. We wouldn’t be where we are today without our uncompromising customer focus and positive approach. We are extremely proud of our growth and current position as a market leader.”

TeleNav’s increase in revenues of 16,666 percent from 2002 to 2006 resulted in a #1 ranking in the Internet, Media & Entertainment and Communication category of the Technology Fast 50 for Silicon Valley. The average increase in revenues among companies who made the Technology Fast 50 was 1,455 percent.

“Deloitte’s Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Mark Jensen, partner and national director, Venture Capital Services, Deloitte & Touche LLP. “We applaud the successes of TeleNav and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”

“TeleNav is a great place to work, grow and win. Most of our employees who were with us five years ago are still working at TeleNav and still have the same unparallel passion. I am sincerely grateful to all of our team members and our partners for helping to achieve the winning results. We are looking for more talent at all levels and functions to help to continue to build a great company together,” continued Jin.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in Silicon Valley and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology or intellectual property in a unique way does not qualify.

Companies from the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs,
visit www.fast500.com.

This year’s Silicon Valley Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP and Silicon Valley Bank, Cooley Godward Kronish LLP, Korn/Ferry International and Woodruff-Sawyer & Co.

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Media Contacts

Mary Beth Lowell

425-531-0122 phone
marybethl@telenav.com

Todd Witkemper

408-306-6677 phone
toddw@telenav.com

About TeleNav Inc.

TeleNav, Inc., is a privately-held company headquartered in Sunnyvale, California. Deployed by 15 carriers in 29 countries, TeleNav is a global leader in wireless location-based services (LBS). Currently, the company’s solutions are available in four continents, including North and South America, Asia and Europe.

TeleNav’s solutions include GPS navigation, Mobile Resource Management (MRM), social networking and local search. The company’s flagship service, TeleNav GPS Navigator™, offers functionalities comparable to in-car systems and standalone navigation devices, such as automatically-updated maps and business locations, full-color 3D moving maps, traffic alerts with one-click rerouting, location-sharing, business reviews, speech recognition, Wi-Fi hotspot finder, gas price finder and more. TeleNav also delivers its award-winning navigation service on the TeleNav Shotgun™, a standalone GPS personal navigation device (PND) tailored specifically for business travelers. TeleNav’s enterprise application, TeleNav Track™, incorporates GPS-enabled tracking, time sheets, wireless forms and navigation.

TeleNav services are available on more than 500 wireless devices and run on most major mobile platforms currently available. TeleNav’s service providers include . TeleNav’s partners include Ford Motor Company, Hewlett-Packard, HTC, INRIX, LG, Motorola, NAVTEQ, Nokia, Palm, Qualcomm, Research In Motion (RIM), Samsung, Sanyo and Tele Atlas.

For more information on TeleNav, please visit www.telenav.com.