In 1975, Queen released ‘I’m in love with my car.’ Almost 45 years ago, car ownership was highly desirable. Today, the average utilization rate of privately owned cars is around 5%, even though car ownership is the biggest expense for consumers after housing.
Launched seven years ago in Israel, Moovit has become the world’s most popular transit-planning and navigation app, with more than 400 million users and service in 2,700 cities across 90 countries. The company is also a leader in inclusive technology, with innovative work that helps people across the disability spectrum use buses, trains, subways, ride-hailing services and other modes of public transit.
Industry experts say car ownership isn't about to disappear, but the old paradigm of how we commute is ripe for change.
Chad Bailey, Vice President at investment firm NGP Capital, told Smart Cities Dive that he thinks LiDAR (Light Detection and Ranging) is going to become an easily-available commodity.
Shared two-wheeled transport is China’s latest greatest export. As city officials and residents wonder where these vehicles came from and where they are going, we can look to China for guidance.
"The industry needs to be streamlined. Now it’s going to happen in accelerated fashion.”
The expansion of ecommerce has been a boon for the logistics industry and the bane of traditional retailers. Now, as Amazon develops its own distribution capability, logistics providers and retailers alike are threatened.
It’s safer to let the robots drive, but every high-profile accident involving AI makes human beings less willing to give up control.
Connectivity with drivers offers many potential benefits that consumers and insurtech firms are only starting to realize.
Lime raises $310 million Series D round led by Bain Capital Ventures with participation from NGP Capital and others
The Peloton founder story - Interview with Josh Switkes, CEO and co-founder of Peloton Technology, Inc.
The Lime founder story – Interview with co-founders Toby Sun, CEO, and Brad Bao, Executive Chairman of Lime