Vehicle sharing is picking up a vehicle in a convenient location, getting to the destination, and leaving it there for other people to use. Ride-hailing is using a private driver to reach the destination. The only exception, in this case, is that the driver is not always a taxi driver – it could be the person that is offering the service in a private car. Both of these services are examples of shared mobility. The current trend is that those who have launched one are adding to their portfolio another in some shape or form. So we at ATOM Mobility are moving towards service integration in the micromobility business.
It all started with Uber in 2018 when the company announced that the dockless bike-sharing company Jump had started to partner with its ride-hail app. For users, this move has made it easier to plan the first or the last mile of the trip. Later that year Lyft acquired Motivate (Citi Bike), the largest bike-share operator in North America, and announced an investment of $100 million into the dramatic expansion of Citi Bike in New York City with the additional benefit for users, whereby they can access bikes directly via the Lyft app. At the end of 2020, this trend reached Europe when Bolt announced that it was preparing to invest €100 million in electric scooters and bikes. Bolt initially was called Taxify and was founded with the vision of aggregating all Tallinn and Riga taxis on one platform. Later the company expanded to other cities but initially focused only on ride-hailing.
This trend is expanding, because this is a logical next step – the synergy between ride-hailing and vehicle sharing offers users an easy and convenient way to get from point A to point B. Whereas for operators this constitutes a perfect opportunity to diversify their services, as well as to strengthen their positions in the market. Vehicle sharing is no longer just a means of transportation ordered via the app. It has become the opportunity for users to plan their trips. However, from a business perspective, operators should not jump into new opportunities as they appear and diversify their services too early without additional funding. Launching new verticals should be well-calculated.
Following this trend, ATOM has launched a new product - a ride-hailing and taxi platform that can be easily integrated with the existing scooter, bike, moped, and car-sharing software provided to customers worldwide. The ATOM ride-hailing platform can also be started as a separate business and not limited to cars or taxis. A ride-hailing service can be provided by vans, rickshaws, boats, as well as any other means of transportation you can think of. And this is the fastest way for potential customer to enter new market or just test the idea. The approach developed by ATOM helps to open new business verticals at low cost and furthermore it is easier to scale from there. Moreover, there is a logical synergy between scooter, bike, car-sharing users, and ride-hailing.
This development seems like a perfect next step for ATOM Mobility - the company that started its business in 2019 by providing the first vehicle-sharing opportunities in the Latvian capital, Riga. Subsequently, ATOM Mobility has focused on software development and now provides other companies in more than 70 cities worldwide with the software to run their car sharing, bikes sharing, scooter sharing, forklift sharing, golf cart sharing, boat sharing, and other businesses. Our mission at ATOM has always been to support different types of businesses and help them succeed with all the knowledge that we have gained through our clients and ourselves. This is the path we are going to take in the future by following trends and not leaving our clients behind.
If you are interested to launch your own ride-hail or taxi platform, you can find more information here: https://ride.atommobility.com