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Stock impact report

Vulog will power Hyundai’s new LA car-sharing service [TechCrunch Blog]

SUMITOMO CORP S/ADR (SSUMY) 
NASDAQ:AMEX Investor Relations: sumitomocorp.co.jp/en/ir
Company Research Source: TechCrunch Blog
Vulog will power Hyundai’s new LA car-sharing service The technology behind Hyundai’s new car-sharing service in Los Angeles is provided by a company that is largely unknown despite its ubiquity. Vulog Vulog might have a low profile, but it’s hardly a startup. The French-based company has been providing the underlying hardware and software needed for car-sharing services since 2006. Vulog’s product, which includes tools like fleet management and a consumer-facing app, is used in car-sharing services in more than 30 cities globally. The company says its turnkey product can get a large-scale car-sharing service up and running in about three months. Today, its platform is used by Volkswagen’s WeShare, Kia Motor’s Wible and Groupe PSA’ Free2Move car-sharing service. Aimo, which is owned by Sumitomo Corporation, and a British Columbia Automobile Association company called Evo also uses the platform. And now, Hyundai. Earlier this month, Hyundai Group launched MoceanLab, a mobility service Show less Read more
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