Filed by Urgent.ly Inc.

Pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to 14a-12

under the Securities Exchange Act of 1934

Subject Company: Otonomo Technologies Ltd.

Commission File No.: 001-40744

Date: February 10, 2023

This filing relates to the proposed merger between Urgent.ly Inc. and Otonomo Technologies Ltd. Pursuant to the terms of that certain Agreement and Plan of Merger, dated as of February 9, 2023.

Project Odyssey FAQ

Investor/Press

1. What are Otonomo and Urgently announcing?

Urgently and Otonomo are merging to create a leading mobility services company. Urgently, U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced that they have entered into a definitive agreement to merge in an all-stock transaction. As a result of the transaction, Urgently expects that its shares of common stock will be listed under the ticker symbol “ULY”.

2. Merger Highlights:

3. Why are Otonomo and Urgently Merging? What is the vision for the combined entity?

Creating a “Bigger, better mobility services company—accelerating sector transformation.”

Our vision is to empower the future of mobility. We believe mobility should be more equitable, accessible, sustainable, and safe. To achieve that vision, we’re building the platform to help our customers ignite a new generation of mobility experiences and assistance services. Together, Otonomo and Urgently are positioned to:

We expect the merger will create a mobility services company that stretches from data processing through analytics, application integration, all the way to real-world service assistance delivery. We expect the merger will also create new monetization opportunities through additional combined product lines focused on providing customer transparency, safety, security and satisfaction at the highest levels.

4. What are the terms of the merger?

This is an all-stock transaction, pending Otonomo shareholder, certain regulatory approvals and the satisfaction of other customary closing conditions.

5. When is the merger expected to close?

The transaction is expected to close early in the third quarter of 2023.

6. What does Otonomo do?

Otonomo, the platform powering the mobility economy, is igniting a new generation of mobility experiences and services and is making mobility more accessible, equitable, sustainable and safe. With Otonomo, over 100 providers in the transportation, mobility, insurance and automotive industries are finally able to harness mobility data and insights and transform them into strategic assets and market advantages. Architected with privacy and security by design, our platform is GDPR, CCPA, and other privacy regulation compliant, ensuring all parties are protected and companies remain privacy compliant across geographies worldwide. Otonomo has R&D centers in Israel and the UK, with a presence in the United States and Europe.

7. What does Urgently do?

Urgently keeps vehicles and people moving by delivering safe, innovative and exceptional mobility assistance experiences. The company’s software platform combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its Customer Partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty. With more than 50 Customer Partners and an estimated Service Provider Professional Network of 80,000+, Urgently delivers innovative, transparent and exceptional connected mobility assistance experiences on a global scale.

8. Aren’t you in two different sectors/segments? How does this merger create greater customer and shareholder value? What is the addressable market for the combined company?

The combination of these two companies creates an end-to-end platform for a new generation of mobility services and experiences for automotive OEM, transportation and mapping, insurance, rental and fleet partners and their customers.

Together, Otonomo and Urgently bridge mobility services and data to vastly improve customer experiences and safety across transportation services, fleet, insurance, roadside assistance and OEM partners. With over 1.7 billion connected vehicles expected to be on the road in the next decade, the combined company will serve markets totaling well over $100 billion ²

9. Where do you expect to see the synergies (growth acceleration or profitability) with the combination of the two companies?

The combination of the two companies creates an end-to-end platform for a new generation of mobility services and experiences. We expect this merger will accelerate growth by advancing:

The combined company bridges mobility services and data to vastly improve customer experiences and safety, benefiting a variety of real-world applications, such as:

First Notice of Loss – The integration of connected vehicle data will make it possible for insurance carriers to more rapidly and accurately convey first notice of loss (FNOL) to expedite claims processing while rapidly dispatching critical roadside assistance from Urgently’s service network to minimize customer inconvenience.

Fleet Management – With connected vehicle data, Urgently will enable fleet operators and owners to manage vehicle tracking, receive proactive and predictive alerts for vehicle maintenance and mileage, resulting in faster vehicle recovery, minimized disruption and the ability to deliver improved experiences for customers.

Vehicle Ownership Experience – Integrating connected vehicle data available with Urgently’s mobility assistance solutions can redefine automotive OEM customer engagements across the total lifecycle of the vehicle. Benefits include coaching driver behavior to reduce insurance premiums, sending proactive and predictive alerts for vehicle maintenance, and improving customer safety and security when roadside assistance is needed.

10. Do you expect to deliver joint offerings? What is the product strategy now for the combined company?

We expect a new generation of mobility services and experiences by integrating Otonomo’s data processing engine with Urgently’s application integration and orchestration tools to create exceptional customer-centric experiences for automotive OEM, transportation and mapping, insurance, rental and fleet partners and their customers.

More information on our platform and service integration strategy and the new company’s product strategy will be available following the closing of the merger.

11. Where do you expect to see efficiencies? Cost reductions?

This merger strategy is about value creation vs. cost reductions on the whole. Further details regarding operating efficiencies to be gained and cost reductions will be forthcoming after the closing and through post-merger integration.

12. What will the management structure of the combined company be?

Upon closing of the merger, Matt Booth will be CEO and Tim Huffmyer will be the CFO of the combined company. Ben Volkow will join the Board of Directors of the combined company. We are working on the combined company’s organization structure and will be communicating material information throughout the process.

13. What does the balance sheet of the combined company look like at close? In a year?

We cannot comment on the balance sheet of the combined company at this time. There will be more details on the pro forma financial statements of the combined company in the registration statement and proxy statement that will be filed with the SEC in connection with the transaction and we urge you to read those materials when made available.

14. How did the current economic environment impact the decision to proceed with this deal at this time?

At a macro economic level, we have seen enterprise customers delaying investments and decisions given the uncertain economic environment. The combination of the two companies will provide a more integrated, robust and scalable solution for clients that need to transform their vehicle management, service or customer experiences. The combination of the two companies rapidly accelerates market adoption and value creation of vehicle data by fusing the data processing platform with delivered services across the automotive OEM, transportation and mapping, insurance, rental and fleet sectors. Urgently’s orchestration and AI stack used by OEMs, insurance carriers and Service Providers offers a scalable channel for Otonomo connected vehicle data and accelerates monetization of vehicle data. It is a “Plumbing + Fixture” strategy.

At the consumer level, we feel this is precisely the right time for us to accelerate innovation and growth by combining our two companies. First, in a tight economy, people often delay vehicle repairs, which results in increased need for assistance services. Second, fuel costs are expected to accelerate electric vehicle adoption, driving the need for connected assistance services for electric vehicles. We believe these factors and the related tailwinds of the growth of connected vehicles and new forms of mobility, like autonomous vehicles, will continue to increase mobility assistance requests in the years ahead. We expect that by combining our two organizations, we will be strongly positioned to advance our growth strategy in this environment.

15. What is the name of the combined company?

The combined company will be named Urgently.

16. Where will the combined company be headquartered?

The headquarters of the combined company will be in Vienna, Virginia, U.S.A.

17. Will any jobs be lost as a result of the transaction?

As with any transaction like this, there may be an overlap in functions that may result in job consolidation. We are working on the combined company’s corporate organization structure and will be communicating with employees throughout the process.

18. Will any facilities close as a result of the transaction?

While there are no current plans to close offices, we will take the necessary steps to manage our business in the best interests of our customers, partners and shareholders and treat our employees with fairness and respect.

Forward Looking Statements

This communication contains forward-looking statements within the meaning of the federal securities laws. Such statements are based upon current plans, estimates and expectations of management of Otonomo and Urgently in light of historical results and trends, current conditions and potential future developments, and are subject to various risks and uncertainties that could cause actual results to differ materially from such statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Words such as “anticipate,” “expect,” “project,” “intend,” “believe,” “may,” “will,” “should,” “plan,” “could,” “continue,” “target,” “contemplate,” “estimate,” “forecast,” “guidance,” “predict,” “possible,” “potential,” “pursue,” “likely,” and words and terms of similar substance used in connection with any discussion of future plans, actions or events identify forward-looking statements. All statements, other than historical facts, including statements regarding the expected timing of the closing of the proposed transaction; the ability of the parties to complete the proposed transaction considering the various closing conditions; the expected benefits of the proposed transaction; the competitive ability and position of the combined company; and any assumptions underlying any of the foregoing, are forward-looking statements. Important factors that could cause actual results to differ materially from Otonomo’s and Urgently’s plans, estimates or expectations could include, but are not limited to: (i) the risk that the proposed transaction may not be completed in a timely manner or at all, which may adversely affect Otonomo’s and Urgently’s businesses and the price of Otonomo’s traded securities; (ii) uncertainties as to the timing of the consummation of the proposed transaction and the potential failure to satisfy the conditions to the consummation of the proposed transaction, including obtaining shareholder approvals; (iii) the proposed transaction may involve unexpected costs, liabilities or delays; (iv) the effect of the announcement, pendency or completion of the proposed transaction on the ability of Otonomo or Urgently to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Otonomo or Urgently does business, or on Otonomo’s or Urgently’s operating results and business generally; (v) Otonomo’s or Urgently’s respective businesses may suffer as a result of uncertainty surrounding the proposed transaction and disruption of management’s attention due to the proposed transaction; (vi) the outcome of any legal proceedings related to the proposed transaction or otherwise, or the impact of the proposed transaction thereupon; (vii) Otonomo or Urgently may be adversely affected by other economic, business, and/or competitive factors; (viii) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement and the proposed transaction; (ix) restrictions during the pendency of the proposed transaction that may impact Otonomo’s or Urgently’s ability to pursue certain business opportunities or strategic transactions; (x) the risk that Otonomo or Urgently may be unable to obtain governmental and regulatory approvals required for the proposed transaction, or that required governmental and regulatory approvals may delay the consummation of the proposed transaction or result in the imposition of conditions that could reduce the anticipated benefits from the proposed transaction or cause the parties to abandon the proposed transaction; (xi) risks that the anticipated benefits of the proposed transaction or other commercial opportunities may otherwise not be fully realized or may take longer to realize than expected; (xii) the impact of legislative, regulatory, economic, competitive and technological changes; (xiii) the risk that integration of the Otonomo and Urgently post-closing may not occur as anticipated or the combined company may not be able to achieve the growth prospects and synergies expected from the transaction, as well as the risk of potential delays, challenges and expenses associated with integrating the combined company’s existing businesses; (xiv) exposure to inflation, currency rate and interest rate fluctuations and risks associated with doing business locally and internationally; (xv) the impact of the COVID-19 pandemic on Otonomo’s and Urgently’s business and general economic conditions; and (xvi) the unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Otonomo’s and Urgently’s response to any of the aforementioned factors. Additional factors that may affect the future results of Otonomo are set forth in its filings with the United States Securities and Exchange Commission (the “SEC”), including Otonomo’s most recently filed Annual Report on Form 20-F, Current Reports on Form 6-K, and other filings with the SEC, which are available on the SEC’s website at www.sec.gov. See in particular Item 3D of Otonomo’s Annual Report on Form 20-F for the fiscal year ended December 31, 2021 under the heading “Risk Factors.” The risks and uncertainties described above and in the SEC filings cited above are not exclusive and further information concerning Otonomo and Urgently and their respective businesses, including factors that potentially could materially affect their respective businesses, financial conditions or operating results, may emerge from time to time. Readers are urged to consider these factors carefully in evaluating these forward-looking statements, and not to place undue reliance on any forward-looking statements. Readers should also carefully review the risk factors described in other documents that Otonomo and Urgently files from time to time with the SEC. The forward-looking statements in this communication speak only as of the date of this communication. Except as required by law, Otonomo and Urgently assume no obligation to update or revise these forward-looking statements for any reason, even if new information becomes available in the future.

Additional Information

In connection with the proposed transaction, Urgently intends to file with the SEC a registration statement on Form S-4 that will include a proxy statement of Otonomo regarding the proposed transaction (as amended or supplemented from time to time, the “Proxy Statement/Prospectus”). The Proxy Statement/Prospectus will be sent to all Otonomo shareholders. INVESTORS AND SECURITYHOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS FILED BY EACH OF OTONOMO AND URGENTLY WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION. Investors and shareholders will be able to obtain a free copy of the Proxy Statement/Prospectus and other documents containing important information about Otonomo and Urgently, once such documents are filed with the SEC, from the SEC’s website at www.sec.gov. Otonomo makes available free of charge at www.Otonomo.com (in the “Investors” section) copies of materials it files with, or furnishes to, the SEC.

No Offer or Solicitation

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

Participants in the Solicitation

Otonomo, Urgently and their respective directors, executive officers and certain employees and other persons may be deemed to be participants in the solicitation of proxies from the shareholders of Otonomo in connection with the proposed transaction. Securityholders may obtain information regarding the names, affiliations and interests of Otonomo’s directors and executive officers in Otonomo’s Annual Report on Form 20-F for the fiscal year ended December 31, 2021, which was filed with the SEC on March 31, 2022. Additional information regarding the interests of such individuals in the proposed transaction will be included in the Proxy Statement/Prospectus relating to the proposed transaction that Urgently intends to file with the SEC.