Saga Tenix announced closing a €1.5 million funding round from Idekapital.

Saga Tenix, a Bergen, Norway-based developer of telemtrics software, announced that it raised around €1.5 million.

The money was provided by the Norway-based invetsment fund Idekapital.

Saga Tenix AS, founded in 2008 and led by CEO Robert E. Jacobsen, is a providers for the electric bus telematics market. The company’s main product is marketed under the brand name Tenix and developed after the new EU ITxPT (IT for Public Transport) standards. The company works with customers who are mostly public transport operators, primarily within electric vehicles. Saga Tenix’ IoT platform collects all the vehicle data such as driving profiling, real-time positioning, and battery data, allowing it to make a smarter use of data and optimize their operations.