App Receives Investments to Help People Get Around Without a Car

Apps and Software

A new app called Transit is designed to help people travel without a car / Photo by Scanrail via 123RF

 

An important aspect of any city is its ease of access, and whether the city's locals and tourists alike are able to travel without much hassle. Sometimes, without a car, it becomes infinitely more difficult to travel by foot. There are many apps that can help people travel around the area they are in, ranging from the likes of Google Maps to Waze. One of the newest mobile apps to hit the market is Transit, a program designed to help people travel around cities without a car.

The app made recent news after it had raised more than $17.5 million from two different automobile manufacturers in a Series B round, only continuing to allow the company to grow. This round was led by RenaultNissan-Mitsubishi’s joint investment arm called Alliance Ventures. Others also joined this round, including Jaguar Land Rover’s venture capital fund, Accel and Real Ventures, and InMotion Ventures, as well. Transit was founded back in 2012, and was created to help people find departure times for different buses and trains in the city. Ever since then, it has grown into something much bigger, enabling features like multi-modal transportation, integrating public transit with the schedules available, ride hailing service compatibility, and bike/scooter sharing. This has become a necessity for many city-dwellers, as it allows them to find the most convenient paths to different areas around the city. Transit also gives real-time data from different transit agencies, with some data also provided by user crowdsourcing to allow faster notifications and changes to schedules as they happen.

Currently, the app operates in 175 cities all over the world, and will use investments to expand to different countries. As Francois Dossa, the vice president of Alliance Global of Ventures and Open Innovation, stated, “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.”