JetBlue Technology Ventures Announces Investment In Ground Transportation Services Startup, Mozio
July 27 2016 - 9:22AM
Business Wire
-- Airline-Backed Venture Capital Subsidiary
Backs Holistic “Last Mile” Travel Search and Booking App --
JetBlue Technology Ventures, the venture capital subsidiary of
JetBlue (NASDAQ:JBLU), today announced its investment in Mozio, the
4 year old San Francisco based tech startup, specializing in
providing holistic ground transportation solutions that streamline
the traveler experience to and from the airport.
This announcement marks the second investment by JetBlue
Technology Ventures which launched in February with the goal of
finding and developing businesses that sit at the intersection of
technology, travel and hospitality. Since launch, JetBlue
Technology Ventures has captured the attention of hundreds of
interested startups, as well as the investment community, recently
being named the 2016 Global Corporate Venturing New Entrant of the
Year. JetBlue Technology Ventures also recently partnered with the
like-minded Cockpit Innovation Hub based in Tel Aviv to establish
Navigator, a 4 month accelerator for pre-seed startups now
accepting applications.
Founded in 2012, Mozio is focused on helping connect customers,
local companies, and global travel brands to enable a stress free
experience in booking travel to and from airports with any
available option. Be it train, bus, shuttle, sedan, taxi, limo,
water taxi or motorcycle, travelers using Mozio’s technology can
search for and book the right option for them.
“We love to see technology like Mozio’s, delivering a consumer
centric solution for travelers who are often left to search vainly
for ‘last mile’ travel options in unfamiliar settings. Mozio’s
technology helps take the guesswork out of that planning,” said
Bonny Simi, president, JetBlue Technology Ventures. “While there
are many on-demand car transportation options, Mozio’s solution
aggregates multiple forms of ground transportation, delivering
precisely what travelers are looking for, informed options. We see
great potential in Mozio’s technology to move travel booking beyond
flights, and are looking forward to being involved in further
extending their platform.”
“JetBlue Technology Ventures will be a key partner for us as we
make moves into developing more distribution partners,” said David
Litwak, CEO of Mozio. “It can be hard for startups to break into
the travel industry, but this vote of confidence by JetBlue
Technology Ventures’ backing shows Mozio to be a great option for
airlines, online travel agencies and corporate travel firms looking
for a reliable and holistic ground transportation partner.”
JetBlue Technology Ventures L.L.C. is located in GSVLabs in
Redwood City, Calif. As the first corporate venture capital
subsidiary in Silicon Valley backed by a U.S. airline, JetBlue
Technology Ventures invests in, incubate and partners with early
stage startups at the intersection of technology, travel and
hospitality.
By partnering with incubators, venture capital firms,
universities and other organizations inside and outside Silicon
Valley, JetBlue Technology Ventures builds relationships with a
range of startups across the travel and hospitality spectrum. The
initiative will serve as a launch pad for innovations that improve
customer and crewmember experiences, increase the airline’s
operational efficiency and expand the JetBlue brand to new
markets.
About Mozio
Mozio’s mission is to build the ultimate urban mobility app, one
interface that allows consumers to book shuttles, taxis, limos,
express trains, buses and public transit, all from one interface.
Mozio has 65 employees in offices in SF, London, Argentina and
Portugal, and has raised 3.3M in venture capital from Silicon
Valley VCs and strategic investors like Veolia Transdev North
America & JetBlue Technology Ventures. Mozio’s partners include
major online travel brands like Booking.com, Hotels.com and
Skyscanner and corporate travel brands like Carlson Wagonlit
Travel, American Express Business Travel and BCD Travel.
About JetBlue Technology Ventures
Located in the startup incubator GSVlabs in Silicon Valley,
JetBlue Technology Ventures invests in, incubates and partners with
early stage startups at the intersection of technology, travel and
hospitality. For more information, including upcoming events and
how to request review of potential startup ideas, please visit
www.jetblueventures.com. More information about the Navigator
program can be found here:
http://www.cockpitinnovation.com/navigator
About JetBlue Airways
JetBlue is New York's Hometown Airline™, and a leading
carrier in Boston, Fort Lauderdale-Hollywood, Los
Angeles (Long Beach), Orlando, and San Juan. JetBlue carries
more than 35 million customers a year to 96 cities in the
U.S., Caribbean, and Latin America with an average
of 925 daily flights. For more information please
visit jetblue.com.
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