Inmotion Ventures Invests In Enterprise Ridesharing Startup Splt

February 23, 2017 by Land Rover

◾Investment in car pool platform comes ahead of European expansion

◾Second investment from InMotion's venture capital arm

London, UK, 22nd February 2017: InMotion Ventures, the venture capital business powered by Jaguar Land Rover, has completed a seed investment in enterprise-focused ride-sharing platform SPLT.

SPLT is a car pool service that enables employees at large organisations to connect and share the drive to and from work, using their own vehicles. The platform's ride-matching algorithm allows lifts to be dynamically arranged in seconds within a trusted community of commuters, saving time and money for both employees and employers as well as combatting traffic and parking issues.

SPLT (Splitting Fares, Inc), a 2015 Techstars Mobility graduate, was founded by Anya Babbitt and Yale Zhang. The Detroit-based startup currently operates in five major US cities, serving over 100,000 users, and recently established a partnership with Lyft to provide non-emergency medical transport. SPLT has just opened an office in Mexico City, and is preparing for European and Latin American expansion next month.

Sebastian Peck, Managing Director at InMotion Ventures, says: 'SPLT is a perfect fit for our portfolio, and a hugely exciting business that tackles a universal problem. Making the commute more efficient greatly benefits businesses and their employees.

'SPLT's move into medical transport demonstrates the significant growth potential of the business, and its innovative model will inform and complement some of our other projects.'

Anya Babbitt, CEO and founder of SPLT, says: 'Our platform is already helping thousands of people and this round of funding will allow us to expand even further. InMotion Ventures represents a perfect partner, aligned with our vision of taking SPLT to the next level and fulfilling our mission of sustainable, affordable mobility for all.'

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SPLT joins GoKid, the ride-sharing platform for families, in the InMotion Ventures portfolio, following the latter's completion of a $1m seed round in January 2017.