Beijing Xiaoju Technology Co, Ltd., Uber Technologies, Inc. and Lyft, Inc. are Dominating in the Global Mobility as a Service Market in 2020

Global Mobility as a Service Market is expected to grow with the CAGR of 33.1% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global mobility as a service market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global mobility as a service market are setting up the partnership introducing various riding platform and services. This has helped the companies to maximize the sales with enhanced product portfolio. For instance, in November 2020, Moovit Inc. and Smart Bus have announced their partnership to launch first on-demand shared transit service in Farmington and Farmington Hills. The Smart Bus riders will now use the Moovit’s free on-demand service app to plan and book their trip on the e-Smart Quick Connect on-demand service which will make the mobility convenient for the riders. This partnership will help the company to increase their customer base.

Beijing Xiaoju Technology Co, Ltd. is the dominating player in global mobility as a service market. The other key players existing in the mobility as a service market include Moovit Inc. (a subsidiary of Intel Corporation), UbiGo Innovation AB, MaaS Global Oy, SkedGo Pty Ltd, moovel Group GmbH (a subsidiary of Daimler AG), Velocia, Communauto, Citymapper Limited, Cubic Corporation, innovation in traffic systems SE, Mobilleo, BRIDJ Pty Ltd, MOTIONTAG GmbH, ANI Technologies Pvt. Ltd., Splyt Technologies Ltd., BlaBlaCar, Lyft, Inc., Uber Technologies, Inc., Curb Mobility, GREENLINES TECHNOLOGY INC., EasyMile, Ridecell, Inc, Zoox, Inc. (a subsidiary of Amazon.com, Inc.), Maxi Mobility S.L., Gett, Bolt Technology OÜ among others.

Mobility as a Service Market Beijing Xiaoju Technology Co, Ltd.:

Beijing Xiaoju Technology Co, Ltd. is headquartered in Beijing, China and was founded in 2012. The company is engaged in developing and providing mobile transportation and life services platforms to the customers. The company offers broad portfolio of services under categories such as mobility services, international services, financial services and cloud computing among which mobility services is the market focused category.

For instance,

  • In November 2020, Beijing Xiaoju Technology Co, Ltd. launched first electric vehicle custom-built for ride-hailing named as D1. This D1 is developed for major Chinese cities. D1 is the development of autonomous driving and AI technology. Through this product launch, the company is able to provide better travel experience through shared mobility.

The company has wide global presence across the globe such as in North America, South America and Asia-Pacific.

Uber Technologies, Inc.:

Uber Technologies, Inc. is headquartered in California, U.S. and was founded in 2009. The company is engaged in manufacturing and providing technology applications and solutions to the customers. The company deals in multiple business segments such as rides, eats, freight, other bets and advanced technologies group among which rides is the market focused segment. The company offers wide range of products under categories such as ride, drive, eat, uber for business and uber freight among which ride and drive are the market focused categories.

For instance,

  • In November 2020, Uber Technologies, Inc. launched e-rickshaws for first and last mile connectivity. These e-rickshaws will be available across 26 stations on Delhi Metro’s blue line in India. This product offers riders mobility solutions for better connectivity. Through this, the company is able to enhance their product portfolio in the market.

The company has presence in North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Uber Eats (U.S.), Postmates (U.S.), Careem (U.S.), Ottomotto LLC (U.S.), Uber International C.V. (The Netherlands) among others.

Lyft, Inc.:

Lyft, Inc. is headquartered in California, U.S. and was founded in 2012. The company is engaged in manufacturing and providing transportation solutions and programs to the customers. The company offers various products such as driver and rider.

For instance,

  • In October 2020, Lyft, Inc. launched Lux Black which allows riders to share their ride preferences with the driver from the app. Through this feature, riders can select preferences such as temperature, quiet ride, bag or luggage, pick-up wait times and others. This has helped the company to enhance their product portfolio and better meet customers demand.

The company has presence in North America, South America, Europe, Asia-Pacific and Middle East and Africa. In addition to it, the company also generates its revenue from the subsidiary company namely Motivate (Australia).