Alliance Ventures Invests in Transit to Advance Multi-Modal Transportation and Mobility-as-a-Service Strategy

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

Transit's mobile app aggregates and maps real-time transportation
data, functional in more than 175 metropolitan areas around the world

Alliance Ventures, the strategic venture capital arm of
Renault-Nissan-Mitsubishi, has announced today that it has invested
in the latest round of funding in Transit, a multi-modal
transportation mobile app company based in Montreal, Canada. This
marks the latest technology investment by Alliance Ventures, launched
earlier this year to support start-ups, early-stage development and
entrepreneurs at the cutting edge of next-generation systems for the
automotive industry.

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François Dossa, Alliance Global Vice President, Ventures and Open
innovation, said: "We are pleased to make a strategic investment in
Transit, the leading urban mobility navigation start-up in North
America. This investment, which will advance Transit's efforts to
make mobility seamless and accessible in cities, fits with the
Alliance 2022 strategy to become a leader in robo-vehicle
ride-hailing mobility services and a provider of vehicles for public
transit use and car-sharing."

Sam Vermette, chief executive of Transit, added: "New modes of
mobility are entering the market at record speeds. It took decades
for car-sharing to catch on. Now, e-bikes and scooters are being
rolled out in weeks. This is an exciting time, as Transit helps
people navigate their new mobility options. We look forward to
working closely with Renault-Nissan-Mitsubishi as Transit grows."

Transit's mobile app platform enables multi-modal transportation,
integrating public transit, ride-hailing, bike-sharing, and
scooter-sharing. By combining real-time data from transit agencies
with user crowdsourcing, Transit provides the most accurate
information. Users enable GO, a function to get real-time
notifications for their ride. Transit then tracks the real-time
location of the vehicle and notifies the user when to leave for their
stop, when to disembark, and sends adjusted ETAs. The investment
reflects the capability of Transit in advancing multi-modal
transportation as new modes of mobility rapidly enter the market.
Transit is seen as a leader in its field, servicing more than 175
metropolitan areas globally.

https://www.alliance-2022.com/news/alliance-ventures-invests-in-tr
ansit-to-advance-multi-modal-transportation-and-mobility-as-a-service
-strategy/

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

Contact:
Alliance Communications
Renault-Nissan-Mitsubishi
+33-(0)-6-11-30-36-71
caroline.sasia-lallier@alliance-rnm.com

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