GLOBAL SHARED MOBILITY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In June 2022, the International Finance Corporation (IFC), the private sector arm of the World Bank Group, announced a partnership with BlaBlaCar, is a leading long-distance carpooling platform that connects drivers with empty seats to passengers looking for a ride to the same destination is investing US$ 15 million to support the growth of shared mobility platforms across Brazil. This investment aims to improve access to environmentally friendly and affordable travel options.
• In June 2022, Uber Technologies, Inc. is a multinational transportation network company based in San Francisco, California. introduced UberX Share, a service offering shared rides in cities like New York, San Francisco, Chicago, and Los Angeles in the U.S. The company intends to broaden the availability of UberX Share, enabling users to save money, maintain their schedules, and easily access rides.
• In March 2022, Chalo, a mobile app-based in Bengaluru, India, revealed its acquisition of Vogo, a startup focusing on shared mobility with two-wheelers. Chalo's app allows users to book cab rides for integrated travel between cities. Vogo plans to transition all its vehicles to electric vehicles (EVs), expand its services beyond two-wheelers, and introduce other models of EVs into the market.
• In 2022, The Toro Company, known for its outdoor solutions, acquired The Intimidator Group Inc., a U.S.-based manufacturer of side-by-side vehicles. Through this acquisition, The Toro Company aims to strengthen its position in the zero-turn mower market and become a major player globally.