Uxbridge-based Tantalum Corporation has announced what it calls a significant investment by Korean automotive technology company Handysoft, part of the Dasan group.
“Coming hot on the heels of the recognition by the UK government of its unique air.car solution to help curb emissions, the investment by the Handy.Car subsidiary of Handysoft, part of the Dasan group, will help develop Tantalum’s position as the leading provider of Connected Car technology services, including insurance, crash detection, roadside assistance, parking and accident management,” The company says in a statement. “Tantalum’s end-to-end ecosystem of services is underpinned by a proprietary global billing and payment platform: Pay.Car. Security is paramount in all of Tantalum’s applications.”
The firm says the investment will help to drive Tantalum’s air.car “pay as you pollute” solution, which is attracting increasing attention as governments and local authorities worldwide seek to battle rising air pollution. Tantalum has received an Innovate UK grant to perfect its remote monitoring of NOx; and announced a competition for megacities worldwide to set up the world’s first real time emissions-based road user charging scheme.
“The news enhances the reputation of Tantalum further, following the firm’s listing in the Sunday Times Hiscox Tech Track 100 for a second year running at number 14, as well as the receipt of GP Bullhound’s Connect Award for revenue growth over the past three years,” the statement continues.