Urban Connect AG has successfully closed a seed financing round, as the Zurich company revealed in a press release. The Mobility-as-a-Service company raised 2.5 million francs.
Urban Connect is reportedly Europe’s first multimodal mobility platform offering companies an ecosystem of low-emission, shared vehicles. Everything from e-bikes to e-scooters and e-cargo bikes to e-cars is offered for shared use by Urban Connect. They are all bookable via one app. In addition, the app also enables “the simple integration” of existing vehicle fleets. This offering will help companies “build greener, smarter and healthier workplaces – and cleaner cities to boot,” explained Urban Connect’s CEO Judith Häberli.
Part of this funding comes from a loan guarantee from the Technology Fund of the Swiss Federal Office for the Environment. On its website, the Fund says it “offers loan guarantees to Swiss companies whose novel products contribute to a sustainable reduction in greenhouse gas emissions”. Their support “helps [Urban Connect] accelerate these efforts” explains Judith Häberli.
The new funding will go into the enhancement of the digital mobility platform, “in particular with respect to the integration and management of large vehicle fleets”. The plan is to also develop data analytics tools. These enhancements will enable Urban Connect to make data-driven recommendations of an optimal mobility mix to its customers.
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