Transit app raises $17.5M with the help of unlikely investors: automakers

Dive Brief:

Public transit data app Transit has raised $17.5 million in its latest round of funding.

The funding will go toward the continued development of the Transit app, particularly integrating additional services and car-free transportation options.

The leading investor is Alliance Ventures, a joint investment arm of Renault-Nissan-Mitsubishi. InMotion Ventures, a Jaguar Land Rover investment arm, also is a prime contributor.