Start-ups in the mobility and transportation space have a new ‘accelerator’ they can turn to for funding: the Jaguar Land Rover InMotion Accelerator programme.
It targets embryonic companies that develop mobility products and services as well as corporations developing the technology and supply chain behind them. Interestingly, start-ups get individual investment according to the needs of each venture, in exchange for equity.
“InMotion Ventures works collaboratively with its start-ups to provide the right amount of funding, with the right terms, on a case by case basis,” says Jaguar Land Rover’s venture arm.
“New technologies and consumer needs are transforming the way we move. This rapid change creates a unique opportunity for start-ups to build hugely valuable businesses, and we’ve designed a programme to help them do just that”, said James Nettleton, Head of Accelerator at InMotion Ventures.
Sebastian Peck, Managing Director at InMotion Ventures: “We’re looking to match world class mobility and transportation start-ups, to our dedicated team of entrepreneurs, designers and technologists – all experts in mobility and eager to work tirelessly to support growth.”
Picture copyright: Jaguar Land Rover, 2017