- In February 2025, according to the news published by Frost & Sullivan, India’s shared mobility market is accelerating due to urban congestion, EV adoption, and digital innovation. Segments like ride-sharing, bike taxis, car subscriptions, and auto-rickshaw aggregation are rapidly expanding. Companies such as BluSmart and Zoomcar are leveraging sustainable models and tech-driven services, while government support and shifting consumer preferences open doors for strategic growth across tier 1, 2, and 3 cities.
- In November 2023, Italy’s shared mobility market grew 38% in 2022, reaching USD180 million in revenue. Italians made 49 million trips covering 200 million kilometers, with micromobility (bikes, scooters, mopeds) accounting for 87% of use. Rome introduced new fleet requirements and selected Bird, Dott, and Lime to operate 9,000 scooters. Despite wider access, profitability concerns arise due to suburban deployment. Scooter accidents also declined, reflecting improved micromobility safety.
- In April 2025 Lyft, Inc. announced its acquisition of FreeNow, a leading European multi-mobility app, for €175 million ($197 million) in cash from BMW Group and Mercedes-Benz Mobility. The deal, expected to close in late 2025, expands Lyft into 9 European countries, doubling its addressable market to 300 billion trips annually. FreeNow will retain its team and operations, supporting Lyft’s global growth and diversification strategy.
- In July 2023, Grab announced its acquisition of Singapore-based taxi operator Trans-cab. This deal includes Trans-cab’s maintenance workshop, fuel pump services, and car rental operations, along with the launch of the Grab Driver app, which will be integrated into mobile display units within Trans-cab taxis
- In March 2023, Zipcar, Inc. advanced its carshare program in New York City, introducing services in Kew Gardens Hills (Queens), West Village (Manhattan), and Bedford Park (Bronx), expanding its presence across key neighborhoods
- In March 2022, Lyft teamed up with Spin to integrate Spin scooters into the Lyft app across 60 U.S. markets. This collaboration aims to streamline access to multiple mobility options, including car-sharing, through a single platform. By adding Spin scooters, Lyft is expanding its range of transportation solutions, making it more convenient for users to choose from various options within the app
- In January 2022, The Toro Company, a leader in innovative outdoor solutions, acquired The Intimidator Group Inc., a U.S.-based manufacturer of side-by-side vehicles. This acquisition is part of Toro’s strategy to strengthen its presence in the zero-turn mower market and establish itself as a key player in the global market
