Funding

TransLoc Raises $8M

35 Views

What does Transloc do?

Transloc, is a leading provider of transit technology. It is the real time passenger info which the riders love. The company’s mission is making transit the first choice for everybody. In its first 10 years it created the first live regional transit map, the first tracking mobile app for America, and the most convenient choice for people to travel within their community. The company is creating the technology which helps transit in becoming that choice and they are working to change the future of mobility. This is the leading provider of transit technology to more than 140 municipal transit agencies and universities throughout the United States.

How much TransLoc was funded?

TransLoc raised Thomas McMurray, Efficient Capacity fund, Patient Capital Collaborative,  SJF Ventures, Fontinalis Partners.

What is next for TransLoc?

The company plans to use the funding raised for accelerating its growth and continue to solve the big problems in transit with their technology.

More about TransLoc

TransLoc was founded in 2014. It has its headquarters in Durham, NC. This company creates technology for solving the biggest problems in transit. The company provides many innovative transit technology solutions  which include; TransLocRider, the 1st mobile application which completely integrates transit with other mobility options like the Uber.  Rider makes the multi-modality simple and a big step towards solving the big problem of 1st mile and last mile with its single interface and clever journey planner to book travel automatically.  The company’s other software products such as RealTime provides latest vehicle location info and reporting, OnDemand, allows agencies to offer a demand response service like Uber and Traveller, which provides  an insight into passenger flow info for communication and agency planning. The company’s suite of products are available in the Google Play and iOS App Store. It is taking advantage of the mobility trends which are changing and the new transit landscape.

 

 

 

Related Posts