• Automakers invest in Transit, the app that helps people get around without a car

    7 days ago - By Tech Crunch

    Transit, a company that built a mobile app designed to help people in cities live without cars, has raised $17.5 million from two automakers in a Series B round.
    The round was led by RenaultNissan-Mitsubishi's joint investment arm Alliance Ventures. InMotion Ventures, Jaguar Land Rover's venture capital fund, also joined the round, as well as two past investors, Accel and Real Ventures.
    RenaultNissan-Mitsubishi and Jaguar Land Rover's investment would have seemed counterintuitive five years ago. But this is 2018. It's the year of the scooter wars and micro-mobility; it's also a time of...
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