By Nathan Allen 
 

Renault SA's (RNO.FR) finance arm RCI Bank and Services said Tuesday that it has bought a 75% stake in iCabbi, a startup that focuses on dispatch management for taxi fleets.

Ireland-based iCabbi's software allows fleet managers to calculate the most efficient routes for their drivers in real time. It is used by 70,000 drivers across the U.K., the U.S. and Canada, Renault said.

Neither company disclosed financial details of the transaction

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

June 19, 2018 04:58 ET (08:58 GMT)