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Aksan Advises Iugo Technology on Investment from Otokoc Otomotiv

Aksan Advises Iugo Technology on Investment from Otokoc Otomotiv

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The Aksan Law Firm has advised Istanbul-based vehicle telemetry company Iugo Technology on receiving an investment from the Koc Group's Otokoc Otomotiv.

According to Otokoc Otomotiv, the company is "Turkey's leading automotive retailer, car rental, and car sharing company," providing service at nearly 400 points in nine countries, including Turkey, Greece, Azerbaijan, Hungary, Georgia, Kazakhstan, Ukraine, Cyprus, and Iraq.

According to the firm, "Iugo Technology specializes in safe driving through its business model, which combines driver behavior scoring with a system that transforms vehicle tracking dynamics into a driver habit learning model."

The Aksan team included Partner Alper Onar, Managing Associate Emre Subasi, and Senior Associate Merve Kutukcuoglu Karpuzcu.

The firm did not respond to our inquiry on the matter.

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