Industry disruptor secures new funding and opens new office in Silicon Valley to drive US connected car market
London, UK, 25 September 2017: Tantalum Corporation, a premier solutions provider to the connected car market, today announced its expansion within the United States, adding an office in Menlo Park, Silicon Valley to complement its existing operations in Atlanta and London. The expansion coincides with Tantalum securing a further £2.5m ($3.4m) investment from Disruptive Capital Investments Ltd. Disruptive Capital’s investment will augment the £1.4m ($1.9m) grant from the UK government to trial Tantalum’s innovative Air.Car system across London and other UK cities suffering from illegal levels of NOx and other particulate pollutants. The new office in Menlo Park is led by technology industry veteran Baris Ruacan, who brings more than 20 years’ experience across US and International markets.
The office expansion and investment will help the organisation to scale rapidly across international markets, allowing the company to leverage Silicon Valley’s diverse technology talent pool and help drive the US connected car market forward. Adding to its corporate headquarters in London and office in Atlanta, the expansion strengthens Tantalum’s global presence, with the company now strategically located in key locations across the United States and Europe.
Speaking of the new office opening and investment, Ozgur Tohumcu, CEO of Tantalum Corporation said, ‘This expansion puts Tantalum at the forefront of the burgeoning connected car market, positioning us at the heart of conversations around technology innovation and industry direction. Disruptive Capital is a great partner who supports our vision to transform the automotive experience, bringing the benefits of advanced driver insights to the vast majority of drivers around the world.’
Commenting on the investment, Lincoln Jopp, a partner at Disruptive Capital said, ‘We are delighted that Disruptive Capital Investments Ltd has been given this opportunity to invest further in Tantalum, coming, as it does, on the back of the investment by Handysoft, the Korean automotive company, earlier in the year. At Disruptive Capital, we back great management and innovative technology which is disrupting markets; Tantalum has both and more besides. Tantalum is growing so fast, it’s hard to keep up; new offices and experts in Silicon Valley and Atlanta, new products, new contracts and new investment.’
– Ends –
About Tantalum Corporation
Tantalum Corporation (“Tantalum”) is a leading innovator in the connected car space as an end-to-end services provider. As a best-in-class technology company, and building on proven value propositions, Tantalum’s mission is to offer the most innovative and open marketplace for aggregation and monetisation of vehicle-related services.
Tantalum’s proposition is concentrated around ‘the connected vehicle’ – a £400bn global market, with an addressable market of over 700mn vehicles. Basing its proposition on proven deliverables, including fuel savings (average 12% and up to 22%), reduction in insurance claims of up to 53%, reduction of emissions by up to 20%, and the recovery of over £500m in stolen vehicles.
To drive the connected vehicle market forward, Tantalum has engaged with trusted partners to create the next generation “go-to” global ecosystem for the connected vehicle. Tantalum has built a device-agnostic platform to be integrated with non-proprietary platforms such as Android and iOS smartphones; and for in-vehicle embedded solutions, included in autonomous vehicles. Tantalum reliably connects its data and billing platform to customers’ value chains. Customers include telecom operators, auto manufacturers, insurance underwriters and brokers, government agencies and consumers.
Tantalum’s partners include global technology and automotive leaders: Samsung, TomTom, ATOS Worldline, SAP, PwC, Jaguar Land Rover and TNT.
About Disruptive Capital
Disruptive Capital (www.disruptivecapital.com) and its chairman, Edi Truell, has originated, structured and led c€5 billion of private equity investments, with enterprise values totalling some €15 billion.
Disruptive Capital’s strategy of selecting businesses capable of disrupting their markets; backing excellent management to transform them; and actively driving them to market leadership, has stood the test of time, returning on a complete investment basis a 28% net IRR over 24 years.
Disruptive’s core strategy is private mid-market ‘buy, build and transform’:
- Avoid the increasing transparency and efficiency in some ‘traditional’ private equity sectors and ‘commoditised’ public markets
- Innovate at lower risk by buying existing assets with established market positioning
- Transform them using new technology, new strategic thinking and add-on acquisitions, building them up to market leadership.
Disruptive seeks to globalise businesses, primarily headquartered in the UK and in solvent Europe.
0208 811 2474
Disruptive Capital Finance
T +44 (0)20 7223 1100
M +44 (0)7831 586375