Local Motion Raises $6 Milllion, Hires Steven Sinofsky As Board Member

Posted Aug 29, 2013

Local Motion is a car sharing company that has raised $6 million in funding led by Andreessen Horowitz.  Steve Sinofsky has joined Local Motion as a board member.

Sinofsky is known for being the head of Microsoft’s Windows business.  It was revealed last week that Sinofsky joined Andreessen Horowitz.  Local Motion is the first company that Sinofsky joined as a board partner.

Local Motion is known for helping corporations, campuses, and governments manage their vehicle fleets.  Local Motion’s hardware can be installed in any vehicle.  The modules transmit data so that users can see vehicles that are available on their smartphone and can hold it for immediate usage.

Local Motion founders John Stanfield and Clement Gires met while attending Stanford University.  At Stanford, Stanfield developed a bike sharing program in Paris and Stanfield worked on inventing an engine that could process vegetable oil rather than biodiesel.

The two of them also participated in a hardware accelerator program called Lemnos Labs.  They raised $1 million in seed funding from Tim Draper, Jerry Yang, Ash Patel, and Tony Hsieh around November 2012.  Local Motion will be using the $6 million to expand into the U.S. and France.

[Source: VentureBeat]