Bill Ford a partner in venture tech effort

Bill Ford has teamed with two former Ford Motor employees and others to form a venture capital firm focused on innovative technologies for the transportation industry.

Fontinalis Partners announced its launch and its first investment Friday. The Detroit-based firm, which has an office in Boston, plans to invest in companies "trying to solve the world's most pressing environmental and mobility-oriented problems."

It said Friday that it has invested an undisclosed amount in Atlanta-based Parkmobile USA and its parent company.

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Author: KATHERINE YUNG