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Mobility Tech & MaaS Attracting Huge Investments – Is It Worth It?

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It seems to be a great time to be in the field of mobility tech and Mobility-as-a-Service (MaaS). With billions of dollars being invested by top venture capitalists and several unicorns cropping up, the sector is buzzing with activity. However, while it is definitely on the road to making traveling easier and more convenient for us, will the bubble really last? Is all this just in theory?

The recent changes brought about the pandemic has made experts ask important questions about its feasibility and of course, whether these new developments will actually lead to the easing of our traffic woes globally. In this blog, the Internet 2.0 Conference reviews this emerging arena and studies key concerns:

Why Are Experts Skeptical?

As talked about at several IT conferences, numerous startups are drawing investors with their promise of solving 21st-century road congestion problems, especially the issue of last-mile connectivity with the help of electronic bikes and bicycles. When the latter is resilient, urban life becomes more convenient and people can consider purchasing homes further from city centers. At the same time, it also reduces the need for personal vehicles, thus helping to address the problem of air pollution and climate change to a great extent.

All of this seems amazing on paper. However, what has gotten experts concerned is the fact that most cities with high AQIs don’t have safe roads for bicycling.

Here, it is also important to talk about AVs used by ride-hailing service providers. There is ample research that points out that such services may worsen traffic issues and jams because passenger-less cabs spend a substantial amount of time on the road.

The Solution

All of these issues are just the tip of the iceberg. It is absolutely essential for startups to work with city planners and policymakers to ensure that their innovations actually help make lives easier and align with the needs of commuters. Mobility tech startups and MaaS providers must realize the efficacy of their solutions is not just dependent on high-end technologies such as robotics and artificial intelligence. It goes much beyond that. The need of the hour is for infrastructure that supports such new mobility technologies as well as public policies that encourage people to opt out of traditional models of transportation. Good governance must be the foundation of MaaS, so that there is a level playing field for the new entrants as well as providers of traditional public transport solutions.

Conclusion

Get your dose of information about the developments taking place in the realms of MaaS and mobility tech by registering for upcoming technology conferences. The Internet 2.0 Conference will witness a vibrant confluence of mobility tech experts, policymakers, and technologists from across the globe. Get to know their success stories, their ideas, and partner with leading professionals to find solutions to emerging challenges in your arena. Here, you will have several opportunities to promote your offerings before a global crowd so do ensure that you make an appearance with your team!

shobhit

A 24/7 citizen of the World Wide Web, Shobhit Behal is interested in learning more about how the internet is shaping the way we live, think, and act in this day and age. He is enthusiastic about exploring fraud identification, spam elimination, and internet scams. During his free time, Shobhit loves petting dogs and playing football.