Jaguar's InMotion Ventures completes 11 investments into tech startups
InMotion Ventures, Jaguar Land Rover’s venture capital arm, has become one of the most active investors in mobility and transport, backing 11 companies in 2017.
It ranges from growth equity investments for companies like Lyft to seed-funding for a number of early-stage companies that are set to change the way we move.
InMotion Ventures invests globally in technology startups across sectors including mobility services, data analytics, travel and lifestyle, fintech and insurtech.
The 11 companies selected this year are:
Lyft: The fastest growing ride-sharing platform in the US, which has tripled its revenues in 2017 and launched its services in Canada.
By Miles: Providing dynamically priced insurance policies for low mileage drivers based in the UK, using telematics data.
**Cove: **Provides dynamic car-pooling services for residential developments and hotels in Hong Kong.
**Dovu: **Uses blockchain technology to give individuals control over their personal travel data so they can earn rewards and cash incentives for sharing it.
**Go Kid: **Innovative carpooling app for parents.
Sheprd: A 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 carpooling to meet sustainability targets.
Synaptiv: Collects and processes vehicle data to support decision-making and provide analytical insight to OEMs and third parties.
Validated: Enables retailers to reward loyal customers by reimbursing parking and transport costs.
**Wluper: **Artificial intelligence-powered personal travel assistant, breaking new ground in voice recognition.
Zeelo: Demand-responsive coach travel which eases travel between cities and to events.
InMotion’s team of investment professionals work closely with founders and co-investors to help these businesses to achieve go-to-market products and grow rapidly.
Sebastian Peck, managing director of InMotion Ventures, said: “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.”