Urgent.ly raises $21 million from BMW, Porsche, and Jaguar
Venture capitalists have shown a healthy appetite for the automotive assistance market — i.e., those connecting drivers with providers that can change a tire, tow a vehicle, jump-start a battery, or unlock a car door. Statista pegs the segment’s overall revenue at $481 million this year — up 26.1 percent year over year — and projects that it’ll reach $827 million by 2023. Urgent.ly is one of the companies leading the charge.
