INSUBCONTINENT EXCLUSIVE:
Transit, a company that built a mobile app designed to help people in cities live without cars, has raised $17.5 million from two
traditional business of building and selling cars.Founded in 2012, Transit started as an app to help people check departure times for buses
Montreal, where the company is based, is a model of what Transit wants to be everywhere
In Montreal, people can use the app for car sharing, bike sharing, to order an Uber or use public transit, COO Jake Sion explained.Transit,
which operates in 175 cities globally, will use the injection of capital to scale operations and improve the platform by integrating various
cities, fits with the Alliance 2022 strategy to become a leader in robo-vehicle ride-hailing mobility services and a provider of vehicles
