Wejo Group
🪦 BankruptTrust Size
$230M
Peak Price
$16.00
Current Price
$0.00
Return
-100.0%
Peak Market Cap
$1.1B
What Happened
Connected vehicle data company that promised to monetize car data from 12M+ vehicles. Bankrupt by 2023 after burning through $100M+ with negligible revenue.
Wejo merged with Virtuoso Acquisition Corp in November 2021. The UK-based company collected data from connected vehicles (GPS, speed, braking) and sold analytics to insurers, cities, and advertisers. It claimed partnerships with GM, Toyota, and BMW. But data monetization proved far harder than projected — privacy concerns, complex contracts, and tiny revenue. Wejo burned through its SPAC cash in 18 months and filed for bankruptcy in March 2023.
Projections vs. Reality
Projected Revenue
$300M
What they told investors
Actual Revenue
$5M
What actually happened
Hype-to-Reality Ratio: 2.0x
Key People
Richard Barlow
CEO & Founder
UK tech entrepreneur
Timeline
2021-05
SPAC merger announced
2021-11
Merger completed
2022-06
Revenue under $5M vs $100M projected
2023-03
Chapter 11 bankruptcy
2023-09
Assets acquired by Virtual Incision
📄 SEC Filings
View all EDGAR filings for Wejo Group
Risk Scores
Dilution Score
72/100
Insider Profit Index
58/100
Hype-to-Reality Ratio
2.0x
Projected ÷ actual revenue