Ford Acquires Chariot to Boost its IoT Smart City Transit Plans

Ford Smart Mobility, the company founded by Ford Motor Company to help provide alternate means of transportation, just made its first acquisition: Chariot, the San Francisco-based commuter ride-sharing startup.

“We’re going to be super aggressive in expanding to multiple markets over the next year,” said Chariot CEO and co-founder Ali Vahabzadeh in an interview with TechCrunch. “It became very clear very early on that Chariot would be able to leverage Ford’s expertise in logistics and vehicle and operations to take Chariot and make this a global service, beyond just the Bay area.” Read the full article here.