As transit systems move away from legacy payment methods like pay-as-you-go passes and toward contactless open-loop payments, it’s creating new commerce possibilities that not only benefit ridership and relieve urban congestion, but also promise greater financial inclusion. A study from the Visa Economic Empowerment Institute...
Competition in the European electric scooter (e-scooter) space continues to grow, as micromobility companies capitalize on new sustainability trends to lower greenhouse gas emissions and reduce motor traffic congestion in Europe’s densely populated cities. In addition, the pandemic has caused many individuals to avoid crowded...
The old chestnut holds in business, especially for platform firms focused on building super apps: You’ve gotta spend money to make money. It’s not uncommon to see firms with strong top-line momentum to post red ink on the operating line, as all sorts of costs tied...
Plans for autonomous trains and the connected artificial intelligence (AI) systems to operate them are getting ready to leave the station — if they haven’t already — as governments and the private sector move to improve aging railway systems amid the current supply chain crisis....
May 08, 2024
Uber and Lyft bring to mind the oft-quoted Robert Frost poem. You know the one — about two roads that diverged. The rest of the poem is about the woods, the path not taken … but more than a century after its publication, it proves apt for online platforms, for the digital age. Uber and […]
March 17, 2023
As transit systems move away from legacy payment methods like pay-as-you-go passes and toward contactless open-loop payments, it’s creating new commerce possibilities that not only benefit ridership and relieve urban...
September 12, 2019
This might still sound like science fiction to many people, but the race for flying-taxi dominance is on and is gaining fresh fuel as the new decade looms. The results...
November 08, 2018
Scooters are so retro that they are almost brand new. That might seem, from certain angles, a decent problem to have: A mode of transportation often associated with the same...
May 26, 2020
With funding that will help keep growing its product categories from ridesharing to food delivery and micro-mobility in Africa as well as Europe, Bolt closed a €100m investment round. Naya Capital Management, the investment manager that Masroor Siddiqui started in 2012, made the investment, according to an announcement. Bolt CEO Markus Villig said in the […]
December 17, 2019
To let everyday scooter users and commuters gain the most from their micro-mobility, Lime has announced the rollout of a new subscription offering. LimePass will be released in cities across...
November 12, 2019
Egyptian mobility startup Swvl will be expanding into the Philippines, Indonesia and Bangladesh by the end of 2020. Launched in Egypt in 2017, Swvl operates buses along fixed routes, with...
October 04, 2019
Mobility platform Waycare announced that it has raised $7.25 million in Series A funding. The round was led by SJF Ventures, with participation from UpWest, Next Gear Ventures, innogy, Spider...
