Through its Incubator program, and to reinforce its service and growth strategy in the region, Michelin has invested in e Dai Bo, a Chinese start-up that provides valet parking services via a digital platform throughout China.
Through its Incubator Office, Michelin has invested in a start-up in China that has developed and promotes a mobile application dedicated to providing ridesharing matches and services. The company is called Luli Information Technology (路俪科技), and Michelin sees growth potential for the firm in what it believes will be a significant market for ridesharing – a concept the tyre maker views as a “key component of a multi modal transportation ecosystem for today’s cities.”
Michelin is working with Indian Angel Network (IAN), a New Delhi-based organisation that brings together entrepreneurs and start-up/early stage ventures, in a joint initiative to assist entrepreneurs in creating innovative mobility solutions for a more efficient delivery of produce from farm to market. The initiative, named Farm to Market Logistics (F2ML), is an incubator managed by IAN and supported by Michelin. It seeks ideas that will reduce waste in the food supply chain through new practices, behaviours and solutions.
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