Optibus Raises $107 Million and Launches Geospatial Suite to Help Cities Shape the Future of Urban Mobility
Summary
Optibus will use the funding to continue expanding its global presence and enhance product capabilities such as optimization and artificial intelligence algorithms that improve mass transit for passengers while also increasing operational efficiency. The funding will also go toward accelerating the deployment of zero-emission vehicles – replacing mass transit fleets based on fossil fuels and lowering emissions worldwide, just as the U.S. rejoins the Paris Agreement and the mitigation of climate change once again becomes a global effort. With the new Geospatial Suite, cities can make transportation networks more passenger-friendly by visualizing crucial geographic information while planning routes – such as the bike paths that riders may use on the way to or from public transit, or the shopping districts, schools, health clinics or job centers where passengers may want to go. Customers include U.S. agencies LADOT (Los Angeles), NICE (Nassau County, New York) and AVTA (Antelope Valley, California), and two of the largest bus operators in the UK, First Group and Stagecoach. Optibus leverages a robust combination of artificial intelligence, advanced optimization algorithms and distributed cloud computing to make public transportation smarter, better and more efficient – and ultimately nourish freedom of movement and sustainable cities.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
