Article published 2-September-2021
Preferred Technology for Safer Mass Transit is all about offering an alternative to public transportation for individuals who cannot afford or access private options, building parallel mass transit system offering intercity, intracity, B2B and B2G transportation. Tech-enabled offerings make mobility safer, more efficient and environmentally friendly, while still ensuring that it is accessible and affordable for everyone. Customers can book their rides on an easy-to-use app with varied payment options and access high-quality private buses and vans that operate according to fixed routes, stations, times, and prices.
It is about transforming the $1 trillion global mass transit market. Mobility solutions, powered by cutting-edge technology, are helping to solve mass transit supply and demand challenges in complex, emerging markets – empowering massively underserved communities with transportation solutions that are reliable, convenient, safe, and affordable. Featuring diversified transit offerings that, in just a few short years, have evolved from daily commuting to inter-city retail travel, to Transport as a Service (“TaaS”) offerings for businesses, schools, universities and other critical service organizations,
Mass transit systems in cities around the world are riddled with deficiencies, resulting in congestion, environmental concerns and reduced productivity. In certain emerging market cities, commuter round-trip wait times are often greater than 40 minutes2 and, in one major city, upwards of 80% of women reported that they have experienced harassment on public transport.3 Even in developed markets, the societal cost imposed by a lack of mass transit solutions can be staggering. In the United States, for instance, the annual cost of traffic is estimated to be $88 billion,4 and in many parts of the world current alternatives to mass transit are prohibitively expensive.
Technology enables the rapid establishment of user bases, creating a track record of loyalty and the use multiple platform offerings. Further, these solutions empower drivers in emerging markets – who frequently experience income uncertainty from existing mass transit operations.
TaaS (Transport as as Service) enables organizations around the world to reduce costs through dynamic routing, network planning, demand estimation, fleet optimization, and other leading transit services. With continued momentum in its TaaS offerings we see high-margin SaaS solutions for institutions that maintain their own fleet and seek further efficiencies through advanced routing and planning capabilities.Share your story