Morgan Lewis and Khaitan & Co advised Cambridge Mobile Telematics (CMT) on the US$350 million strategic investment led by TPG and Allianz.
Cambridge Mobile Telematics is the world’s largest telematics and AI company for safer mobility. CMT secured a US$350 million strategic investment led by TPG and Allianz X, with participation from State Farm. The investment is intended to accelerate CMT’s global expansion.
CMT’s AI-driven platform DriveWell Fusion® proactively identifies and reduces driving risk, leading to fewer crashes and injuries. Headquartered in Cambridge, Massachusetts, CMT operates globally with offices in Budapest, Hungary; Chennai, India; Seattle, Washington; Tokyo, Japan; and Zagreb, Croatia.
Morgan Lewis advised Cambridge Mobile Telematics on the strategic investment.
The team comprised Partners Doug Kingston and Andrew Hamilton, and Associates Charles Condro and Maha Ouni.
Khaitan & Co advised Cambridge Mobile Telematics on the Indian law aspects of the transaction, including the implementation of incentive plans for Indian employees.
The deal team comprised Monika Srivastava, Sanchit Agarwal, and Romit Kohli, with assistance from Ritu Shaktawat (Direct Tax) and Shabnam S. (Regulatory).
The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at chanchal.makhija@thegreymatter.co.in mentioning your firm’s name, lawyers involved (including designation) and client represented.
