Shared Mobility

Riding together toward a sustainable future

Overview

Shared mobility represents technological developments that have led to the shared use of transportation modes such as cars, vans, and bikes by individuals or groups for various purposes, primarily on an on-demand basis. Shared mobility services include transportation services, such as car-sharing, ridesharing, ride-hailing, and micro-mobility services such as bike-sharing and scooter-sharing. The industry also includes startups that provide shared public transit in the form of bus-sharing services, as well as those that provide micro-transit services in the form of shuttle services. These players primarily use technology, such as smartphone apps, GPS, telematics, and connectivity to operate their platforms.

There is a growing need to use transport resources efficiently and reduce single-occupancy vehicles to reduce traffic congestion, carbon emissions, and other environmental impacts. Shared mobility services provide cost-savings and greater convenience alongside environmental sustainability compared to traditional transportation methods, and are driven by technological advancements and government policies promoting their use.

Note: Additional sections (market sizing, detailed overview, incumbents, etc.) can be provided on request.

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Industry scope 

This industry focuses on companies developing platforms for:
  1. Car-sharing: Platforms that allow renting cars by the hour on demand.
  2. Ridesharing: Platforms that facilitate carpooling on an on-demand basis as well as a pre-arranged basis, allowing passengers who share the same route to travel together.
  3. Ride-hailing: Platforms that connect passengers with riders on demand, including hailing via cars, vans, and bikes.
  4. Micro-mobility services: Platforms that give commuters access to transportation options (bikes, scooters, Segways) that are designed for short distances, typically under five miles.
  5. Transit services: Platforms that offer multi-passenger/pooled shuttle buses or vans on-demand or a fixed schedule, including van- and bus-sharing.
However, we exclude the following areas when selecting companies for this industry:
  1. Urban aerial mobility services (UAM): Use of aircraft in urban areas for transportation purposes, such as air taxis, drones for goods delivery, or emergency medical services. This is covered in the Passenger eVTOL hub.
  2. Autonomous vehicle taxi services: Transportation services that use self-driving cars to transport passengers from one location to another. This is covered in the Auto Tech hub.
  3. Mobility-as-a-service (MaaS): A super app/platform (such as MaaS Global, City Mapper) that integrates a variety of transportation options such as public transit, ride-hailing, bike-sharing, and car-sharing. This is covered in the Smart Mobility Information hub.
  4. Companies that offer car rental services via conventional methods.
  5. Car and bus booking service platforms: This is covered under the Travel Tech hub.
Currently, we do not actively cover this industry, but we have identified it as a potential industry to add to our coverage. For the list of industries in our coverage, please visit https://sp-edge.com/industries
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