About NJ TRANSIT
NJ TRANSIT is a company based in Newark (United States) founded in 1979.. NJ TRANSIT offers products and services including Rail Services and Bus Services.
- Headquarter Newark, United States
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name New Jersey Public Transportation Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$1.6 M (USD), Grant
Apr 08, 2024
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Investors
U.S. Department of Transportation
& 1 more
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Employee Count
Employee Count
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Products & Services of NJ TRANSIT
NJ TRANSIT offers a comprehensive portfolio of products and services, including Rail Services and Bus Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Rail services are provided for passenger commuting between New Jersey and connected areas.
Bus services are offered for local and regional travel to various destinations.
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Software Development Team
46 people
Leadership Team
27 people
Senior Team
16 people
Board Team
12 people
Product Management Team
5 people
Program Team
5 people
Principal Team
5 people
Data Analysis and Operations Team
4 people
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Funding Insights of NJ TRANSIT
- Total Funding Total Funding
- Total Rounds 81
- Last Round Grant — $1.6M
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First Round
First Round
(27 Feb 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Grant - NJ TRANSIT | Valuation |
investors |
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| Jun, 2022 | Amount | Grant - NJ TRANSIT | Valuation |
investors |
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| Feb, 2021 | Amount | Grant - NJ TRANSIT | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NJ TRANSIT
NJ TRANSIT has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include U.S. Department of Transportation and Federal Transit Administration. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Transportation website for planning and coordinating federal transportation projects
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Founded Year | Domain | Location | |
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Public transportation initiatives are supported through grants and oversight.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NJ TRANSIT
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - NJ TRANSIT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nj Transit Comparisons
Competitors of NJ TRANSIT
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about NJ TRANSIT
When was NJ TRANSIT founded?
NJ TRANSIT was founded in 1979 and raised its 1st funding round 29 years after it was founded.
Where is NJ TRANSIT located?
NJ TRANSIT is headquartered in Newark, United States. It is registered at Newark, New Jersey, United States.
Who is the current CEO of NJ TRANSIT?
Kevin Corbett is the current CEO of NJ TRANSIT.
What does NJ TRANSIT do?
NJ TRANSIT was founded in 1979 to manage public transportation in the United States. Bus routes and commuter rail lines are maintained across New Jersey, linking Newark and other key areas to support daily travel. Services extend to regional connections for passengers, with headquarters located in Newark. Oversight is handled by CEO and President Kevin Corbett, ensuring standard operations in the transit sector.
What products or services does NJ TRANSIT offer?
NJ TRANSIT offers Rail Services and Bus Services.
Who are NJ TRANSIT's investors?
NJ TRANSIT has 2 investors. Key investors include U.S. Department of Transportation, and Federal Transit Administration.