CoMotion Announces Investment from Jameel Investment Management Company (JIMCO)
Los Angeles, CA – CoMotion Inc., the Los-Angeles event and media platform focused on new and emerging mobility, today announced a strategic investment from JIMCO, the investment arm of Abdul Latif Jameel (ALJ), a diversified family business and global operator and investor in multiple sectors, including automotive and energy.
The strategic investment is part of a private offering by CoMotion, organizers of the well-known annual new mobility conference CoMotion LA in Los Angeles and of the forthcoming CoMotion MIAMI conference, taking place April 2-3, 2020.
"ALJ is an extremely forward-looking and dynamic global enterprise, with a unique understanding of the new mobility universe. We are simply delighted to welcome JIMCO as a long-term partner and we look forward to their advice and inputs," said CoMotion founder and CEO, John Rossant.
About CoMotion
CoMotion is a global platform where leaders of the most innovative transportation and technology companies around the world meet with urban policymakers to share ideas, do business and plan the new mobility future. CoMotion organizes exclusive world-class events such as CoMotion LA and CoMotion MIAMI, and is the new mobility industry's premiere source for news, insights, and analysis.
About Abdul Latif Jameel and Jameel Investment Management Company
Jameel Investment Management Company (JIMCO) the investment of Abdul Latif Jameel (ALJ). ALJ is a diversified family business, established 75 years ago in Saudi Arabia, and today is a global operator and investor in multiple sectors, including automotive (i.e Rivian) and energy with a presence in over 30 countries and approximately 15,000 employees worldwide.
JIMCO / ALJ
alj@finsbury.com
CoMotion
Jonah Bliss
jbliss@comotionglobal.com