Transit

We make life better without a car in 600+ cities | On facilite la vie sans voiture dans plus de 600 villes dans le monde

General Information
Company Name
Transit
Founded Year
2012
Location (Offices)
Montreal, Canada +1
Founders / Decision Makers
Number of Employees
924
Industries
Mobile, Transportation, Travel and Tourism
Funding Stage
Series B
Social Media

Transit - Company Profile

Transit is a mobile startup founded in 2013 in Canada, aiming to simplify local travel in over 500 cities worldwide. The company's slogan "We make life better without a car in 500+ cities" reflects its mission. Transit's app provides comprehensive information on nearby transport options, departure times, trip planning, and disruption notifications, all presented in an easy-to-read format with bright colors. Moreover, the platform integrates various sustainable transport modes such as bikeshare, scooters, carshare, and ridehail to offer users the most efficient travel options.

Transit's recent significant achievement includes a $17.50M Series B investment on November 5, 2018. The investment was made by a notable group of investors including Real Ventures, Accel, InMotion Ventures, Alliance Innovation Lab Shanghai, and Prestige Jaguar Land Rover. This demonstrates a strong vote of confidence from a diverse set of investors in Transit's potential to revolutionize the transportation and travel industry.

The company operates in the Mobile, Transportation, and Travel and Tourism sectors, showcasing a broad market scope. With its innovative approach to urban mobility and strong investor backing, Transit appears poised for continued growth and influence in the global transport landscape.

Taxonomy: urban transit, city navigation, transportation options, public transit, sustainable transport, bike sharing, car sharing, ride hailing, North America, Montreal, Quebec, travel planning, disruption notifications

Funding Rounds & Investors of Transit (5)

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Funding Stage Amount No. Investors Investors Date
Series B $17.50M 5 Prestige Jaguar Land Rover 05 Nov 2018
Series A $5.00M 4 Business Development Bank of Canada 26 Sep 2017
Seed Round $2.40M 1 BDC Venture Capital 21 Sep 2016
Seed Round $2.40M - 23 Dec 2015
Seed Round Unknown - 01 Jan 2014

Latest News of Transit

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No recent news or press coverage available for Transit.

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