Jaguar Land Rover’s venture capital fund made seed investment in WeTrip
- InMotion Ventures, Jaguar Land Rover’s venture capital fund, today announces seed investment in WeTrip, the digital platform making group holiday planning and booking simpler.
- Jaguar Land Rover’s venture capital fund invests in group travel experience platform WeTrip
- InMotion Ventures backs WeTrip to accelerate product development and support ambitious global growth plans
COVENTRY, 29-Nov-2018 — /EuropaWire/ — InMotion Ventures, Jaguar Land Rover’s venture capital fund, today announces seed investment in WeTrip, the digital platform making group holiday planning and booking simpler.
InMotion’s seed stage funding will support WeTrip in its global ambition to become the go-to digital platform for booking personalised group experience holidays. In August 2017, the company raised $1m funding to launch WeSki, a platform that allows groups to share responsibility for booking complete, tailor-made ski holidays.
As well as investing in the future of mobility, our fund seeks to back companies that are enabling adventure through powerful digital lifestyle brands. WeTrip is rapidly building a community of adventurous travellers, using their powerful tool for group bookings, and we believe there is a genuine unmet need for a product of this kind. SEBASTIAN PECK, MANAGING DIRECTOR
Our unique platform offers travellers greater flexibility, better value and a simpler way to book group holidays, centred around a shared adventure, to bring the fun back to the booking experience. We are thrilled to have the backing of InMotion to accelerate our product development and support our ambitious global growth plans. YOTAM IDAN, CHIEF EXECUTIVE
FURTHER INFORMATION
About InMotion
At InMotion, we are investing in the future of transport, mobility and travel. Powered by Jaguar Land Rover, we are supporting entrepreneurs and innovators who change the way we move.
InMotion Ventures is Jaguar Land Rover’s venture capital fund. We invest in early-stage technology companies that change the face of urban mobility, support an active outdoor lifestyle and deliver unique travel experiences. We are based in London and invest globally.
InMotion’s mobility services arm Studio 107 works closely with our parent company Jaguar Land Rover to build new services in the urban mobility sector. The name Studio 107 is a nod to the 107% rule in motorsport. In qualifying, drivers who fail to set a lap within 107% of the fastest qualifying time are not allowed to start. Our goal is to select the ideas that play to our strengths and develop them into winning businesses.
To find out more about InMotion, please see: https://www.inmotionventures.com
NOTES TO EDITORS
About WeTrip
WeTrip is a fully dynamic booking website designed specifically for millennial group travelers who seek unforgettable, great value experiences. WeTrip partners with multiple travel operators to offer greater choice, more flexibility and a simpler booking experience.
The ability of the organiser to share the group package with friends – who can then tweak and pay independently for their own requirements online – is one of the key features that makes this company unique.
WeSki, the 1st product, is a trailblazer in the category that is putting the fun back into booking ski holidays.
For further information, contact:
Sally Clift
Corporate Communications
Mobile: +44 (0)7384 430009
Email: sclift2@jaguarlandrover.com
SOURCE: InMotion Ventures
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