Connected car firm secures £1 million from Innovate UK

Connected car start-up Lightfoot has secured a £1 million loan from Innovate UK to bring its driving rewards platform to market later this year. This is the first award of its kind from the UK’s technology strategy board, whose Innovation Loans scheme provides digital startups with low-interest finance to help them scale up their technologies and business models. Exeter-based Lightfoot has developed a device that helps users improve their driving technique while reducing fuel costs and mitigating environmental impacts. It believes that its technology portfolio provides a bridge between traditional and autonomous driving.