Magic Lane funding news – Mapping and location platform Magic Lane Secures €3Million in funding

Leading the round was No Such Ventures. Using widely used programming languages, Magic Lane's Software Development Kits (SDKs) enable businesses to quickly and simply integrate their own mapping, location, and navigation features into automobiles, applications, and online platforms.

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Because of its systems' low hardware requirements, end users' location data is kept private and offline navigation and routing are also possible. This opens up the technology for use in electric bikes, scooters, and other embedded applications. It also offers alternatives for businesses operating big vehicle fleets.

Magic Lane Technology is utilised in fleet management, ride-hailing, sharing platforms, logistics carriers, and Google, TomTom, Here Technologies, and Mapbox, among others.

CEO Raymond Alves said, "With this investment, we can truly accelerate our efforts to transform the location industry," "With our solutions, we address the evolving needs of the IoT and micro-mobility markets."

Thijn van Helvoirt, and investor at No Such Ventures said, "The investment will be used to expand our commercial operations, strengthen marketing initiatives, and deepen partnerships that further develop Magic Lane's presence in new markets. Moreover, this investment enables us to enhance safety, accessibility, and efficiency in urban environments, starting in the micro-mobility market." "For IoT and specifically 'connected mobility,' to reach its full potential, smarter, lighter, and faster mapping and navigation solutions are needed than that are currently the norm. We are pleased to help Magic Lane in meeting that demand with this investment,".

About Magic Lane

Your Maps, Location, and Navigation Services will take you to a completely different world with Magic Lane. Magic Lane frees you to unleash the full potential of your services and advance your brand and clientele into the future by distilling the ever-increasing complexity of software down to its most basic components: clean, compact, compatible, uncompromised, and guaranteeing the highest levels of privacy. quickly, effortlessly, safely, and with a grin.