Magic Lane secures 3 million euro to enhance location intelligence capabilities

Paris, France (SPX) May 13, 2024

Magic Lane, a leader in mapping and location services, has secured a euro 3 million investment to enhance its navigation technologies for micro-mobility and IoT applications. "With this investment, we can truly accelerate our efforts to transform the location industry," explained Raymond Alves of Magic Lane. "With our solutions, we address the evolving needs of the IoT and micro-mobility market