Alliance Ventures Invests in Data Ecosystem for Shared Transport Services

Paris, Tokyo, and Yokohama, Japan (ots/PRNewswire) -

Alliance Ventures, the corporate venture capital fund of
Renault-Nissan-Mitsubishi, the world's largest automotive group by
unit sales, today announced that it led a $5 million Series A
investment in Coord (https://coord.co), the US mobility data
platform.

(Logo: http://mma.prnewswire.com/media/556610/Renault_Nissan_Mitsu
bishi_Logo.jpg )

The latest investment by Alliance Ventures is also supported by
additional funding from Trucks, Urban.Us, DB Ventures and Joshua
Schachter. They join Alphabet's Sidewalk Labs, a previous investor in
Coord.

"We are pleased to be adding Coord to our investment portfolio,"
said Francois Dossa, Alliance Global Vice President, Ventures and
Open Innovation. "This promising and fast-growing business fits
exactly with our goal to support technology start-ups and business
entrepreneurs focused on next-generation mobility services."

Initially focused on reaching developers with their robust suite
of APIs, Coord intends to use this new financing to scale geographic
coverage and build a comprehensive solution to enable enterprise
customers to optimize their use of transportation infrastructure such
as roads, curbs and parking lots.

"We're excited to support Coord in their mission to make cities
more livable by enabling seamless mobility for everyone," said Ryan
Armbrust, Partner at Alliance Ventures. "Coord is building a vital
digital infrastructure that not only helps existing transportation
modes operate more efficiently, but also enables rapid
experimentation with new modes like scooter-share and autonomous
vehicles."

"We are grateful to have the support of a diverse group of
investors who see the opportunity to transform the mobility market,"
said Stephen Smyth, CEO of Coord. "Alliance Ventures and others bring
expertise across the transportation and urban technology sectors that
will enable us to accelerate the adoption of mobility solutions in
cities throughout North America."

ABOUT RENAULT-NISSAN-MITSUBISHI

Groupe Renault, Nissan Motor Company and Mitsubishi Motors
represent the world's largest automotive alliance. It is the
longest-lasting and most productive cross-cultural partnership in the
auto industry. Together, the partners sold more than 10.6 million
vehicles in nearly 200 countries in 2017. The member companies are
focused on collaboration and maximizing synergies to boost
competitiveness. They have strategic collaborations with other
automotive groups, including Germany's Daimler and China's Dongfeng.
This strategic alliance is the industry leader in zero-emission
vehicles and is developing the latest advanced technologies, with
plans to offer autonomous drive, connectivity features and services
on a wide range of affordable vehicles.

http://www.alliance-2022.com

http://www.media.renault.com

http://www.nissan-newsroom.com

http://www.mitsubishi-motors.com/en/newsrelease/

http://www.alliance-2022.com/news/alliance-ventures-invests-in-dat
a-ecosystem-for-shared-transport-services/

ots Originaltext: Renault-Nissan-Mitsubishi
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Caroline Sasia
Alliance Communications
Renault-Nissan-Mitsubishi
+33(0)611-3036-71
caroline.sasia-lallier@alliance-rnm.com

Original-Content von: Renault-Nissan-Mitsubishi, übermittelt durch news aktuell