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JetBlue Modern Technology Ventures Announces Investment in Ground Transportation Services Start-up, Mozio
JetBlue Technology Ventures, the financial backing subsidiary of JetBlue (NASDAQ: JBLU), today revealed its investment in Mozio, the 4 years of age San Francisco based technology start-up, focusing on supplying alternative ground transportation options that simplify the tourist feel to as well as from the airport terminal.
By partnering with incubators, financial backing companies, colleges and also various other companies inside as well as outside Silicon Valley, JetBlue Technology Ventures develops connections with an array of start-ups throughout the travel as well as friendliness range. The campaign will certainly function as a launching pad for technologies that boost client and also crewmember felts, boost the airline company’s functional effectiveness as well as broaden the JetBlue brand name to brand-new markets.
JetBlue Technology Ventures L.L.C. lies in GSVLabs in Redwood City, Calif. As the initial business equity capital subsidiary in Silicon Valley backed by a U.S. airline company, JetBlue Technology Ventures buys, nurture as well as companions with onset start-ups at the crossway of modern technology, travel as well as friendliness.
JetBlue Technology Ventures will certainly be an essential companion for us as we make actions right into creating even more circulation companions, stated David Litwak, CEO of Mozio. It could be difficult for start-ups to get into the travel market, however this ballot of self-confidence by JetBlue Technology Ventures support reveals Mozio to be a terrific alternative for airline companies, on-line travel bureau and also business travel companies seeking a reputable as well as all natural ground transportation companion.
This statement notes the 2nd investment by JetBlue Technology Ventures which introduced in February with the objective of searching for as well as creating companies that rest at the junction of modern technology, travel and also friendliness. Since launch, JetBlue Technology Ventures has actually recorded the focus of numerous interested start-ups, along with the investment neighborhood, lately being called the 2016 Global Corporate Venturing New Entrant of the Year. JetBlue Technology Ventures additionally lately partnered with the similar Cockpit Innovation Hub based in Tel Aviv to develop Navigator, a 4-month accelerator for pre-seed start-ups currently approving applications.