Yonder and Beyond Group (ASX:YNB) has invested $300,000 in technology company Connexion Media (ASX:CXZ) through a placement of 1.5 million shares priced at $0.20 each.
It will also its technology intelligence and expertise to assist Connexion with sales and marketing opportunities across the Asia Pacific region.
Connexion two core products, the miRoamer radio and music service app for web connected vehicles as well as cloud-based connected vehicle management service Flex.
miRoamer aggregates a variety of leading cloud based content providers to provide a bespoke in-car audio and visual experience for the end-user.
Leveraging digital AM/FM radio and podcast services from around the world, drivers can access up to 35,000 stations or customise their content based on genre, language, location and more.
The platform also enables car manufacturers to create branded audio and visual content hubs for the end user, tailoring the user experience accordingly.
To date, Connexion has signed deals with Volkswagen, General Motors and Continental for the installation of miRoamer in its infotainment hardware.
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