Transit started off as a slick app that helped you get in a complex metro area with public transportation, but now co-founder Jake Sion has higher ambitions than that: being the go-to spot for getting from point A to point B, regardless of method.
WIth bike-sharing, ridesharing, carsharing, and plenty of other methods of transportation that you can plant “sharing-” at the front, Sion says Transit now has “millions” of users after starting off from the hope of having a better public transit app in Montreal. Today, the company said it has raised $5 million in new venture financing in a round led by Accel Partners in order to fuel that growth.
“So the big thing for Transit is to help people live in cities without cars,” Sion said. “Building an awesome experience for public transit was the obvious first step. But public transit isn’t the best option for every trip. Adding deep integrations for complementary modes, like bike sharing, helps users more easily compare and combine different transport services. Plus, since so many people already have our app on their phone, our integration makes it simple for them to take that first, magical bike-share trip without downloading a new app or using a clunky kiosk.”
Read more at https://techcrunch.com/2017/09/26/transit-raises-another-5m-from-accel-to-become-a-hub-for-public-transportation/
