Automakers invest in Transit, the app that helps people get around without a car

Automakers invest in Transit, the app that helps people get around without a car Transit, a company that built a mobile app designed to help people in cities live without cars, has raised $17.5 million from two automakers in a Series B round. The round wasled by RenaultNissan-Mitsubishi’s joint investment arm Alliance Ventures.InMotion Ventures, Jaguar Land Rover’s venture capital fund, also joined the round, as well as two past investors, Accel and Real Ventures. Learn more about your ad choices. Visit podcastchoices.com/adchoices