Prime Highlights:
- Pembroke VCT has invested £4 million in Exeros Technologies to drive growth and product innovation.
- The funding will help Exeros expand its VideMatics platform, enhancing fleet safety and efficiency.
Key Facts:
- The global video telematics market is projected to exceed $12 billion by 2030, driven by AI adoption and safety regulations.
- Exeros Technologies serves over 200 major fleets, including the AA, RAC, National Highways, Whistl, and ScottishPower.
Background:
Pembroke VCT has invested £4 million in Exeros Technologies, a UK-based company known for its work in telematics and video intelligence. The funding will help Exeros grow its team and develop new products as it expands in the fast-growing video telematics industry.
Exeros is a leading name in fleet safety and management, creating smart camera and data systems for vehicles. The system is already used by major UK fleets including the AA, RAC, National Highways, Whistl, and ScottishPower.
The global video telematics market is expected to exceed $12 billion by 2030, supported by stricter safety rules and greater demand for connected vehicle technology. Rules like Transport for London’s Direct Vision Standard, which checks how much an HGV driver can see from their cab, are increasing demand for better fleet safety tools.
With the new funding, Exeros plans to upgrade its VideMatics platform with smarter features in its vehicle cameras and driver systems to help fleets be safer, more efficient, and compliant. The company’s goal is to make its platform a central tool for improving safety, compliance, and operational efficiency across large-scale fleets.
Jay Biring, CEO and Co-Founder of Exeros Technologies, said the partnership with Pembroke VCT marks a major milestone in the company’s growth. Biring said the new funding will help the company speed up the creation of advanced smart systems for its vehicle cameras and VideMatics software. He added that VideMatics is set to become a top platform in video telematics, changing how fleets use data and video to boost safety, performance, and compliance.
The funding underscores growing investor confidence in AI-driven mobility and safety solutions, positioning Exeros as one of the UK’s emerging leaders in intelligent fleet technology.