The Renault Alliance (Renault-Nissan-Mitsubishi) has invested in ‘Transit’, a multi-modal transportation mobile app company that is based in Montreal, Canada.
Transit’s mobile app is functional in more than 175 metropolitan cities around the world. It lets users navigate public transit easily with accurate real-time predictions, simple trip planning, and step-by-step navigation.
What’s more, its app also integrates other transport modes, like for example, bike-share, scooters, car-share and ride-hail - so users can determine the best way to get from point-A to B. Users can 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.
In fact, Transit is seen as a leader in its field. Well now it seems obvious why the Renault Alliance is interested in this strategic venture considering the upcoming automotive future has autonomous written all over it. Access to large amounts of data through ‘Transit’ will help the Renault Alliance inch closer to its future goals.
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."
Francois 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.”
