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HomeLatest NewsRenfe joins the board of the startup Imotion Analytics after reaching 20%

Renfe joins the board of the startup Imotion Analytics after reaching 20%

Date: February 25, 2024 Time: 11:08:54

Renfe increases its capital in the startup Imotion Analytics by 10% and now reaches a 20% stake. The railway company will be part of the management body of the emerging company, whose technological base is Artificial Intelligence (AI), as reported this Thursday by Renfe. After acquiring 10% last March, they have decided to take another step in investing in this technology.

The company selected Imotion Analytics after an “intense evaluation” process, carried out in the first half of 2022, of all the startups participating in all the calls for Renfe’s global startup acceleration program, TrenLab.

Hybrid innovation model

It represents an important step forward for Renfe towards what is called ‘Corporate Venture Capital’, a hybrid innovation model in which a large company invests in a startup to access its innovation and technology by supporting its growth and development. Both companies have been working together to create synergies in a context of innovation, talent acquisition and new business models.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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