Alliance Ventures Invests in Tekion, the Next-Gen Digital Cloud Platform for Automotive Retail

Paris (ots/PRNewswire) -

Investment in US provider of dealership software systems marks a
new commitment for digital consumer experience in first year of
corporate venture capital fund.

Alliance Ventures, the strategic venture capital arm of
Renault-Nissan-Mitsubishi, has announced today a new investment in
digital technologies and services by investing in Tekion, a US
company. Tekion brings connected digital experiences to automotive
retail through the most advanced Machine Learning and Artificial
Intelligence capabilities available.

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bishi_Logo.jpg )

The investment in Tekion, based in California's Silicon Valley, is
the latest investment by Alliance Ventures in start-ups, early-stage
development and entrepreneurs at the cutting edge of next-generation
systems for the automotive industry.

François Dossa, Alliance Global Vice President, Ventures and Open
Innovation, said: "Renault-Nissan-Mitsubishi believes that automotive
groups with the most advanced and digitally-connected customer
services will enjoy significant competitive advantages. This is one
of the reasons we are investing in Tekion, a company that is
leveraging the most advanced technologies to provide digital
experiences and solutions for automotive retail.

Founder and Chief Executive Officer of Tekion added: "At Tekion,
we offer the latest technology from ML/AI to Big Data and Internet of
Things, all integrated in one cloud platform, bringing a seamless
digital experience from online to in-store. This investment from
Alliance Ventures will enable us to go farther and faster in creating
best-in-class, integrated experiences that connect OEMs, dealers, and
consumers better than ever before."

The investment follows nine other direct investments in 2018, in
startups based in North America, Europe, Middle-East and China, to
allow Alliance Ventures to contribute to the future of mobility for
all.

Financial terms of the Tekion investment will not be disclosed.

ABOUT TEKION

Tekion is a cloud platform that offers automotive retail
technology that disrupts the status quo. Tekion services car
dealerships across the United States who seek a better way to do
business while providing excellent customer experiences and
increasing efficiency, revenue and retention. Tekion was born in
California's Silicon Valley and employs over 150 innovators. For more
information, visit Tekion.com.

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.

https://www.alliance-2022.com/news/alliance-ventures-invests-in-te
kion-the-next-gen-digital-cloud-platform-for-automotive-retail/

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

Contact:
Caroline Sasia
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