Shared Mobility Industry Overview
The shared mobility market is fragmented and highly competitive due to the presence of various international and domestic players operating in the ecosystem. Some prominent players include Uber Technologies Inc., ANI Technologies Pvt. Ltd, Avis Budget Group Inc., Beijing DiDi Chuxing Technology Co. Ltd, Grab Holdings Inc., Hertz Global Holdings, Lyft Inc., Drive Now (BMW AG), Europcar Mobility Group, Cabify, Curb Mobility, and BlaBlaCar. These players actively seek to expand their business into other geographies to enhance their brand visibility and constantly focus on improving consumer experience.
- In April 2024, Yulu announced its partnership with Yuva Mobility to launch franchise-based partner-led shared mobility services in Indore and Madhya Pradesh, India. The partnership will witness the introduction of electric vehicles offered to consumers as shared mobility services. Further, the company aims to expand its customer base to cater to the surging demand for EVs among students, leisure riders, tourists, and professionals in these cities.
- In April 2024, Hoop Carpool announced that it had raised an investment from Mango Startup Studio in the form of a convertible equity loan. The investment aims to facilitate a six-month trial period during which Mango employees and other car-sharing riders will use Hoop Carpool services for their daily commutes.
The market is anticipated to witness various mergers and acquisitions between firms operating in the ecosystem, which will assist them in enhancing their profitability prospects and help cater to a broader customer base.
Shared Mobility Market Leaders
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Uber Technologies, Inc.
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ANI Technologies Pvt. Ltd. (Ola Cabs)
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Avis Budget Group, Inc.
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Beijing Didi Chuxing Technology Co., Ltd.
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Grab Holdings Inc.
- *Disclaimer: Major Players sorted in no particular order