JLR Funded Start Ups Could Change Mobility
In 2018, Jaguar Land Rover’s venture capital arm, InMotion Ventures, backed six start-ups that could possibly change the way we travel.
Additionally, InMotion’s incubator, Studio 107 launched its first service: Carpe for all-inclusive car subscription.
InMotion Ventures says it continues to invest in urban transportation, mobility and travel, but during 2018, extended its reach to include active outdoor experiences.
The six companies selected this year were:
- Voyage: U.S. based self-driving community taxi service, with the aim that anyone can summon an autonomous vehicle to their door and reach their destination safely
- FATMAP: A 3D-mapping technology company targeted at outdoor lovers, allowing them to safely navigate off-road across all terrains with ease
- Transit: A company that built a mobile app designed to help people live and travel around cities without using cars
- Arc: Creators of the world’s first fully-electric motorcycle with Human Machine Interface (HMI)
- Festicket: The world’s largest online portal for music fans to discover and book tickets and travel packages for music festivals worldwide
- WeTrip: a social travel platform that personalises information about attractions according to users’ travel preferences
With the new investments during 2018, InMotion Ventures now has 15 companies within its investment portfolio.
In 2018, InMotion Ventures also completed its first exit since its foundation in 2016: the sale of enterprise carpooling company SPLT to Bosch, which was announced back in February.
InMotion’s investment team says it works closely with founders and management of its portfolio companies, as well as co-investors, to help them with their goals: whether it’s to attract the best talent, facilitate introductions and collaborations with Jaguar Land Rover or raise the next funding round.