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BMW, Porsche and Jaguar ventures invest $21M in Urgent.ly

BMW, Porsche and Jaguar ventures invest $21M in Urgent.ly

Three automaker ventures invested $21 million in mobility startup Urgent.ly in an attempt to modernize roadside assistance programs. Urgent.ly announced Wednesday that BMW i Ventures, Jaguar Land Rover's InMotion Ventures and Porsche Ventures participated in its new Series B round of funding. The Series B funding also was supported by the company's current investors.

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