4/1/2023 0 Comments Automile sweden![]() ![]() ![]() According to Automile, the deal is valued at $4 million in the first year. Today, Automile announced a partnership with Telit, a global enabler of machine-to-machine (M2M) communications, that allowed the connected car platform to close a deal with a leading international car manufacturer. Nylander’s latest offspring, Automile, is contributing to the idea of the Internet of Things through a platform for businesses to connect with their cars and collect analytical data concerning the vehicles in question. As of today, the company is listed in Nasdaq OMX and closed a partnership in 2014 with Microsoft in regards to cooperated distribution of the headphones in the US. This time the business focused on manufacturing medium to high priced headphones (~$40-$100), mainly for US and Asia-Pacific consumer markets. Merely a year later, in 2006, Nylander founded his second startup, Jay AB, also knows as Jays of Sweden. ![]() The business, however, declared itself bankrupt in 2005 after manufacturing complications led to the company being forced to repair some of their products, resulting in massive losses. Nylander’s first company, Jens of Sweden, used to be a significant distributor of mp3-players in Sweden in 2003-2005. Nylander is a Swedish serial entrepreneur who’s lived through an utter business failure, a success story and now the milestone of becoming father to his third Swedish startup company, Automile. That mentality of perseverance is what I suppose has been dictating Jens Nylander’s, along with many others’, journey as an entrepreneur. That would be generally speaking of course, and figures do change depending on the industry, but it’s a well known fact that a significant portion of start ups will be filtered out within the first four years of their existence. Some businesses fail, others flourish, but mostly they fail. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |