Sistema Integrado de Transporte Optibús

Volvo Group Venture Capital invests in Optibus, a software company for efficient sustainable bus operations

Retrieved on: 
Tuesday, July 5, 2022 - 2:28pm

As part of Volvo Group, Volvo Group Venture Capital's investment in Optibus accelerates the digitalization and electrification of the global public transportation sector.

Key Points: 
  • As part of Volvo Group, Volvo Group Venture Capital's investment in Optibus accelerates the digitalization and electrification of the global public transportation sector.
  • We believe the Volvo Group can add considerable strategic value to the continued development of the business," says Christina Brinck, Investment Director, Volvo Group Venture Capital.
  • "We are honored to receive this strategic investment from Volvo Group Venture Capital to enable greener, more efficient public transportation operations through better software infrastructure.
  • Volvo Group Venture Capital was founded in 1997 and invests in venture companies in North America and Europe.

Optibus becomes the first public transportation unicorn with Series D closing

Retrieved on: 
Monday, May 16, 2022 - 2:00pm

TEL AVIV, Israel, May 16, 2022 /PRNewswire/ -- Optibus, the end-to-end software platform for public transportation planning and operations, announced today that it has closed $100 million in Series D funding, with investments from new and existing investors Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent, SOMV Momentum, and others. This latest round of financing brings Optibus' total funding to $260 million and its valuation to $1.3 billion, making Optibus the first unicorn dedicated to the public transportation sector.

Key Points: 
  • This latest round of financing brings Optibus' total funding to $260 million and its valuation to $1.3 billion, making Optibus the first unicorn dedicated to the public transportation sector.
  • "Optibus combines innovation and public transportation expertise like no one else in the industry.
  • "Optibus is proud to be the first unicorn dedicated to public transportation, which is at the core of a healthy and equitable society.
  • Transportation agencies and operators in 1,000 cities worldwide trust Optibus to increase efficiency and service quality, promote transportation equity, reduce emissions and costs, and modernize their operations.

Optibus becomes the first public transportation unicorn with Series D closing

Retrieved on: 
Monday, May 16, 2022 - 2:00pm

LONDON, May 16, 2022 /PRNewswire/ -- Optibus, the end-to-end software platform for public transportation planning and operations, announced today that it has closed $100 million in Series D funding, with investments from new and existing investors Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent, SOMV Momentum, and others. This latest round of financing brings Optibus' total funding to $260 million and its valuation to $1.3 billion, making Optibus the first unicorn dedicated to the public transportation sector.

Key Points: 
  • This latest round of financing brings Optibus' total funding to $260 million and its valuation to $1.3 billion, making Optibus the first unicorn dedicated to the public transportation sector.
  • "Optibus combines innovation and public transportation expertise like no one else in the industry.
  • "Optibus is proud to be the first unicorn dedicated to public transportation, which is at the core of a healthy and equitable society.
  • Transportation agencies and operators in 1,000 cities worldwide trust Optibus to increase efficiency and service quality, promote transportation equity, reduce emissions and costs, and modernize their operations.

Kampala, Uganda's first public bus network will be operated using Optibus and SCINTL

Retrieved on: 
Monday, April 4, 2022 - 2:00pm

KAMPALA, Uganda and TEL AVIV, Israel, April 4, 2022 /PRNewswire/ -- Optibus, the cloud-native solution for mass transport planning, scheduling, rostering, and operations, and SCINTL, a Ugandan IT company, have been selected by the Tondeka Metro Company (TMC) to partner on creating the mass transportation operations solution for the first public bus network in Kampala, Uganda. The project is sponsored by the World Bank and driven by a presidential initiative to boost economic growth and improve public transportation infrastructure.

Key Points: 
  • The project is sponsored by the World Bank and driven by a presidential initiative to boost economic growth and improve public transportation infrastructure.
  • To bring reliable, modern public transportation to Kampala, TMC will develop and operate the city's first formal bus fleet.
  • "We are thrilled to join this pioneering partnership to build Africa's most technologically advanced bus fleet and bus operations solution.
  • Optibus is proud to support Kampala in becoming a model city for transportation infrastructure," said Amos Haggiag, CEO and co-founder of Optibus.

Kampala, Uganda's first public bus network will be operated using Optibus and SCINTL

Retrieved on: 
Monday, April 4, 2022 - 2:00pm

KAMPALA, Uganda and TEL AVIV, Israel, April 4, 2022 /PRNewswire/ -- Optibus, the cloud-native solution for mass transport planning, scheduling, rostering, and operations, and SCINTL, a Ugandan IT company, have been selected by the Tondeka Metro Company (TMC) to partner on creating the mass transportation operations solution for the first public bus network in Kampala, Uganda. The project is sponsored by the World Bank and driven by a presidential initiative to boost economic growth and improve public transportation infrastructure.

Key Points: 
  • The project is sponsored by the World Bank and driven by a presidential initiative to boost economic growth and improve public transportation infrastructure.
  • To bring reliable, modern public transportation to Kampala, TMC will develop and operate the city's first formal bus fleet.
  • "We are thrilled to join this pioneering partnership to build Africa's most technologically advanced bus fleet and bus operations solution.
  • Optibus is proud to support Kampala in becoming a model city for transportation infrastructure," said Amos Haggiag, CEO and co-founder of Optibus.

SWVL HIRES KEVIN FOREMAN (EX-OPTIBUS NORTH AMERICA GM) AS GLOBAL HEAD OF PUBLIC SECTOR SALES AS IT EMBARKS ON EXPANSION INTO NORTH AMERICA

Retrieved on: 
Tuesday, March 29, 2022 - 12:00pm

DUBAI, UAE, March 29, 2022 /PRNewswire/ -- Swvl Inc. ("Swvl" or the "Company"), a global provider of transformative tech-enabled mass transit solutions, today announced the hiring of Kevin Foreman as Global Head of B2G (business-to-government) offerings. Mr. Foreman will be based in the United States and will play a key role in driving organic and inorganic growth in North America, among other regions.

Key Points: 
  • Mr. Foreman will be based in the United States and will play a key role in driving organic and inorganic growth in North America, among other regions.
  • Mostafa Kandil, Swvl Founder and CEO, said, "We are excited to welcome Kevin to Swvl's rapidly growing team.
  • His deep experience working with SaaS, specifically within the mobility sector, will be invaluable as we expand our SaaS and B2G offerings, with a focus on North America.
  • Kevin Foreman, Swvl Global Head of Public Sector, said, "I'm very excited about joining the Swvl team.