The transportation industry is seeing some serious innovation. Between self-driving technology and electric cars becoming the new norm, established automotive manufacturers are doing their best to keep up. However, they can't do it on their own, which is why many have invested in burgeoning startups to get the job done. And Jaguar Land Rover is no different.
In the last year, the venture capital arm of the UK’s largest automotive manufacturer, InMotion Ventures, become one of the most active investors in mobility and transport, investing in 11 companies in 2017 alone. By investing in mobility services, data analytics, travel and lifestyle, fintech and insurtech, they'll set themselves up for success in the ever-changing transportation landscape.
“This year has been a tremendous year for mobility and transport. A new crop of mobility companies has emerged that will provide consumers with even more choice to move from A to B. We completed 11 investments in less than 12 months. The pace of our investment activity reflects the overall dynamic of the sector. Our team of investment professionals has put InMotion firmly on the map this year, and we look forward to the opportunities 2018 brings.”
If you're interested in which companies have been invested in, take a look at the list below and get ready for transportation innovation like you've never seen before.
Lyft is obviously the fastest growing ride-sharing platform in the US, which has tripled its revenues in 2017 and launched its services in Canada
By Miles is providing dynamically priced insurance policies for low mileage drivers based in the UK, using telematics data
This company provides dynamic car-pooling services for residential developments and hotels in Hong Kong.
This company uses blockchain technology to give individuals control over their personal travel data so they can earn rewards and cash incentives for sharing it
This company is innovating car-pooling with an app for parents that makes it easier than ever to get your children where they need to go.
This company is a leading provider of on-demand mobility solutions for children and parents, operating their own fleet of smart school buses with approved drivers
Splt provides impactful solutions for employers who want to encourage employee car-pooling to meet sustainability targets
Synaptiv collects and processes vehicle data to support decision-making and provide analytical insight to OEMs and third parties
This company enables retailers to reward loyal customers by reimbursing parking and transport costs
This company develops an artificial intelligence-powered personal travel assistant, breaking new ground in voice recognition
Zeelo is a demand-responsive coach travel which eases travel between cities and to events through data.
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