May Mobility, a leader in the development and deployment of autonomous vehicle (AV) technology, and Moovit, a leading Mobility as a Service (MaaS) solutions provider and creator of the popular urban mobility app, are expanding the reach and efficiencies of shared autonomous vehicles and AV microtransit projects to mind the gaps in public transit.
The companies will be poised to capture a portion of the nearly $2 trillion total addressable market that Frost & Sullivan projected for the mobility-as-a-service sector. May Mobility’s autonomous vehicle fleets, powered by its unique Multi-Policy Decision (MPDM) technology, will work in concert with Moovit’s urban mobility app and on-demand reservation and routing software. The partnership will allow riders to easily plan, pay and ride in shared AVs while providing them a safe, accessible, and sustainable form of mobility in regions around the globe.
AiThority: How Generative AI is Transforming Audio Content
Moovit’s urban mobility app, available in 3,500 cities across 112 countries, offers users multimodal trip planning for any mode of transport with real-time information. The company also offers governments, transit agencies, and private companies MaaS solutions that cover planning, operations, and optimization, including its on-demand routing and fleet management software, Moovit On-Demand.
“The combination of Moovit and May Mobility’s technologies, products, and services will provide communities around the world with more mobility alternatives to choose from,” said Nir Erez, Moovit’s Co-founder and CEO. “We share a vision of filling in the gaps in public and shared autonomous transportation and will work diligently to provide better access to accessible and sustainable transportation.”
Read: How AI NFTs Are Unlocking the Democratization of the Digital Economy
May Mobility has given more than 320,000 autonomy-enabled rides in the last five years via 10 unique deployments in the U.S. and Japan. This includes AV services that currently serve communities in Minnesota, Michigan, and Texas, with other deployments set to launch in coming months.
“A big part of our go-to-market strategy is to partner with industry leaders that will take our services to the next level. Moovit is a trusted industry leader that serves more than 1.7 billion riders globally, and their services and relationships will further enhance our ability to scale,” said Edwin Olson, Co-founder and CEO of May Mobility. “We look forward to growing this partnership with Moovit through expanded geographic areas and leveraging each other’s strengths to serve all passengers.”
The collaboration between Moovit and May Mobility will offer cities around the world a complete mobility package. Potential users of the future dedicated mobility app will be able to view options for taking May Mobility AVs alongside other modes of public transit, such as buses or trains. Moovit will also plan to bring its Moovit On-Demand software to May Mobility’s backend, further optimizing its AV routes.
Latest Insights: Why Only AI and Data Analytics Can Stop Financial Criminals
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.