Ford Acquires Tech Company With Ties To Indianapolis

WFYI News

Ford showcased its e-scooter company Spin during the 2019 CES in Las Vegas. Ford hopes the acquisition of Journey Holding Corporation will help connect customers to existing Ford-owned mobility services like Spin.
*Sam VarnHagen*

A division of Ford Motor Company has acquired a technology firm with ties to Indianapolis.

Ford Smart Mobility announced Tuesday it will integrate Journey Holding Corporation with TransLoc, a Ford-owned company that provides technology solutions for public and private transit operations.

Journey was created in January when Indianapolis-based startup DoubleMap merged with Salt Lake City-based Ride Systems. The two companies provide automatic vehicle location services to municipalities, universities, airports, hospitals and corporate fleets.

Brett Wheatley, vice president of Ford Mobility Marketing and Growth, says the acquisition is intended to help connect customers with Ford’s existing mobility services – like its electric scooter sharing service Spin and GoRide Health, a non-emergency medical transportation service.

DoubleMap was founded in 2011 by Ilya Rekhter, Eric Jiang and Peter SerVaas. Rehkter and SerVaas will be part of the yet-to-be-named new company’s leadership team.

Ford did not disclose the terms of the deal.

Tags:Ford auto

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