Transit app raises $2.4 million, rebrands, releases version 4.0


Montreal’s Transit App has raised a new round of funding while announcing the launch of its version 4.0 app update. Not only that, the startup will now be called “Transit”.

The news came Tuesday afternoon via a sizeable read on the company’s Medium account.

Transit’s funding is coming from Accel Partners,  AccompliceReal Ventures and BDC. The team plans to use the cash to improve the precision of the real-time transit data it uses, and it will produce it as well. It also wants to be the most reliable source of transit info when unforeseen events occur, like the January 2016 United States blizzard that killed around 50 people and disrupted transit.

Finally, Transit App says it will make it easier to access alternative transit options, like Uber, carsharing services and biksharing services.

Led by CEO Sam Vermette, Transit is calling itself “the biggest public transportation app in the US” and “the king of real-time transit data.” Moreover, the startup has “re-invented what public transportation should feel like.”

It’s new function, GO, acts as a “personal transit companion,” with voice and push notifications telling users when to leave, where to get off or whether they’ll reach your destination in time. Transit is calling GO “the most advanced transit navigator”.

Transit

 

GO tracks a user’s position in real-time, then tells them when they should start walking to their stop. It also monitors walking speed or vehicle’s real-time position to make sure the user stays on pace. Alerts are sent if a user’s route gets detoured or if you miss a ride or a transfer point.

Transit is also talking tall about its real-time trip planner, which shows possible trip info right away with visual timelines so a user isn’t inundated with information.

“We show you when your ride is coming, how frequently it comes, and when to transfer. And we’ve grouped together similar trips so you know how long you’ll have to wait in case you miss one,” wrote Transit.

 

Transit

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