The past few years have seen an influx of data in all industries. The automotive industry is one such industry which has become more amenable to the use of data and the plethora of opportunities that can be explored by stakeholders and actors. For industry players, the exploitation of the enormous amount of data a vehicle generates can be strategic to increase revenues, reduce costs, improve customer experience, and strengthen safety and security measures. 5GMETA ("5G: Monetizing car and mobility data for new Entrants, Technologies, and Actors") is a project funded by the European Union that intends to create a vehicular data ecosystem in Europe powered by a flexible and modular 5G edge approach.