AZOWO, an enterprise cloud provider for connected mobility, announces the closing of a €10 million Series A financing round led by AEW Energie AG with participation from MBG Baden Württemberg, Start-up BW Innovation Fonds, Chancenkapital BC and Project A Ventures. AZOWO supports sustainable mobility transformation by processing real-time mobility and energy data from vehicles and transforming connected vehicle data into practical modular SaaS applications for businesses.

TCFG (IMAP Switzerland) acted as financial advisor to AEW.