Navmatic

Navmatic operated as a developer of navigation software, focusing on high-accuracy positioning services tailored for the micromobility sector. The company was established in 2018 by co-founder and CEO Boaz Mamo, a serial entrepreneur with a significant background in Israel's mobility ecosystem, having previously co-founded Drive TLV and founded EcoMotion and Capsula. Navmatic's core business involved providing an end-to-end solution to address the shortcomings of standard GPS in dense urban environments.

The company's primary product was a service combining a cloud-based correction system with a robust positioning engine. This system utilized proprietary sensor fusion and multipath mitigation algorithms to deliver centimeter-level location accuracy. The technology was designed to work without requiring new infrastructure or significant device modifications. This capability enabled clients, primarily shared scooter and bike fleet operators, to more effectively manage their fleets, improve rider safety, and adhere to municipal regulations concerning vehicle parking and operation.

Navmatic's business model was centered on providing its high-precision location technology as a service to micromobility companies. In June 2020, the company announced it had raised $4 million in a seed funding round led by Lear Innovation Ventures, with participation from other investors including UpWest and Next Gear Ventures. This funding was intended to further develop its positioning technologies. In a significant milestone, Navmatic was acquired by Superpedestrian in July 2021, allowing the e-scooter company to integrate Navmatic's advanced positioning technology into its safety systems.

Keywords: Navmatic, Boaz Mamo, high-accuracy positioning, micromobility, GPS correction, sensor fusion, multipath mitigation, fleet management, scooter location, Superpedestrian acquisition, Lear Innovation Ventures, Next Gear Ventures, UpWest, urban navigation, mobility tech, positioning engine, cloud correction service