Nearly 12-million Telenav-enabled vehicles offering connected services around the world
SANTA CLARA, Calif., – March 12, 2019 – Making significant progress toward its strategic goal of creating the world’s largest network of connected vehicles, Telenav®, Inc. (NASDAQ: TNAV), a leading provider of connected-car and location-based services, is pleased to report that a cumulative 11.9-million Telenav-enabled vehicles offering connected services have now been deployed in markets around the globe.
The updated total comes after 1.3-million Telenav-enabled vehicles capable of connected services were deployed into the global market during the second quarter of fiscal 2019 (ending Dec. 31, 2018). Additionally, the company recently surpassed 21-million cumulative total vehicles shipped that feature Telenav software or services.
“The future of connected cars is here now,” said HP Jin, Telenav Chairman and CEO. “Telenav’s connected-car platform enables our OEM partners to provide an enjoyable, exceptional driving experience. Our newest announced offerings– Amazon Alexa embedded into the in-car navigation and Yelp integrated into our Scout GPS Link – will make people’s lives on the go less stressful, more productive, and more fun.”
Showcasing the company’s continued momentum, other recent business highlights included:
With the emergence of new technologies – such as connected, electric, and autonomous vehicles, Telenav continues to help its OEM partners navigate the challenges and opportunities of a rapidly changing industry.
To view Telenav’s Investor Presentation, please visit: http://investor.telenav.com/
Telenav is a leading provider of connected car and location-based platform services, focused on transforming life on the go for people — before, during, and after every drive. Leveraging our location platform, global brands such as GM, Toyota and AT&T deliver custom connected car and mobile experiences. Additionally, advertisers such as Nissan, Denny's, Walmart, and Best Buy reach millions of users with our highly-targeted advertising platform. To learn more about how Telenav's location platform powers personalized navigation, mapping, big data intelligence, social driving, and location-based ads, visit www.telenav.com.
Copyright 2019 Telenav, Inc. All Rights Reserved.
“Telenav,” “Scout,” “Thinknear” and the Telenav, Scout and Thinknear logos are registered trademarks of Telenav, Inc. Unless otherwise noted, all other trademarks, service marks, and logos used in this press release are the trademarks, service marks or logos of their respective owners.