Alliance Ventures, the corporate venture capital fund of Renault-Nissan-Mitsubishi has announced that it led a $5 million Series A investment in Coord, the US mobility data platform.
The investment was also supported by additional funding from Trucks, Urban.Us, DB Ventures and Joshua Schachter. They join Alphabet’s Sidewalk Labs, a previous investor in Coord.
Coord is data platform for the mobility market. The company is driving innovation and collaboration by building a shared data layer that enables mobility services to interoperate seamlessly with city infrastructure.
Groupe Renault, Nissan Motor Company and Mitsubishi Motors represent one of the world’s largest automotive alliance. It is developing the latest advanced technologies, with plans to offer autonomous drive, connectivity features and services on a wide range of affordable vehicles.
Coord is initially focused on reaching developers with their robust suite of APIs, and intends to use this new financing to scale geographic coverage and build a comprehensive solution to enable enterprise customers to optimize their use of transportation infrastructure such as roads, curbs and parking lots.