Way Data Technologies Funding News- Way Data Technologies Secures €2.6M In Pre-Seed Round

The Way Platform is an easy-to-use data system that gives fleet managers the tools they need for important tasks like planning electric vehicles, tracking emissions, and using AI to improve operations.

Way Platform collects data from many sources like fleet vehicles and devices, and brings it all together in one secure place that customers control.

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Its flexible system works well with existing business tools and keeps data safe and compliant as fleets grow.

The launch comes at a good time, just before the EU Data Act starts in September.

Way was started by experienced tech founders: Juho Hyytiäinen, who worked with data and AI at Lucid Motors, Smartly.io, and Varjo; and Oskari Pétas, co-founder of Wolt, which DoorDash bought for $8 billion.

Early team members include Oscar Söderlund, former chief architect at electric vehicle company Einride, and Mikko Hagelberg, who has logistics experience from Swappie and Combient Foundry.

Pale Blue Dot led the funding, with help from 10x Founders and Greens. The startup also got support from angel investors like: Laura Modiano (Head of Startups EMEA at OpenAI), Marianne Vikkula (COO of Wolt, Board Member at Marimekko), Miki Kuusi (CEO of Wolt), Tuomo Riekki (Founder of Zero and Smartly.io)

Hampus Jakobsson, Partner at Pale Blue Dot, says logistics is a huge and complex system that keeps the world moving, and it’s facing more pressure than ever to change and improve.

“When I met Juho and Oskari, I knew this was the perfect team to take on that challenge and drive real change using data and AI.”

Way Platform is part of the Open Logistics Foundation and supports open innovation in transportation.

The team has shared part of its data tools as open-source and is helping create standards for things like tracking emissions and managing data for large language models (LLMs).

About Way Data Technologies

Founded in 2024, Way improves asset and fleet management without needing extra hardware by bringing together real-time data from many different vehicle brands, even from subcontractor fleets.