Carvoyant is developing middleware to enable connected car applications, aiming to integrate vehicles with home and other services, leveraging a growing market of 240 million connected vehicles. The platform allows developers to create and distribute applications across all vehicle makes and models, facilitating data sharing and connectivity without hardware dependencies. By offering a non-exclusive data sharing platform and API access, Carvoyant promotes broader app distribution and collaboration among various industries including automotive, telecommunications, and insurance.