Trafi accelerates global MaaS development with a new fundraise

Trafi accelerates global MaaS development with a new fundraise

VILNIUS – Leader in Mobility as a Service, Trafi announces a fundraise with new investors Sumitomo Corporation and Aioi Nissay Dowa Insurance and follow-on from EBRD and Octopus Investments. The investment will accelerate Trafi’s strategy to bring innovative mobility solutions to cities worldwide, and to Asia in particular.

Sumitomo Corporation and Aioi Nissay Dowa Insurance are the lead investors in Trafi’s recent round, opening the next company phase: more MaaS solution access to more people.

“We are proud to see the cutting edge technology that Trafi has deployed in major cities,” said Shingo Hosotani, General Manager of Business Development at Sumitomo Corporation Europe. “We intend to be the global leader in optimizing mobility of people and goods. Thus we had no second thoughts when we decided to rely on Trafi’s expertise. We now wish to help people anywhere to adopt sustainable and next-generation mobility services.”

In 2019, Trafi launched Jelbi, the world’s most comprehensive MaaS in Berlin, showing that city-led mobility solutions can offer all modes of transportation to Berliners in a single place for a more sustainable, equitable, and effective urban mobility. Following the success in Germany, Czech Republic, and Lithuania, Trafi will soon launch its MaaS platform in collaboration with SBB — the Swiss national railway company, and then intends to conquer more European and international capitals for 2021.

“The broad business perspective is the reason why we are so eager to partner up with Trafi,” says Hisashige Doisaki, General Manager at Aioi Nissay Dowa Insurance. “The company does have a real success story of MaaS — from cities in Europe to trendsetting multinational technology companies, like Google, Lyft, and Gojek. We believe that by working closer together, we can help cities make this transition from personal cars into a safer, more equitable, and sustainable future of mobility.”

“Our partnership with Sumitomo Corporation and Aioi Nissay Dowa Insurance enables us at Trafi not only to accelerate the development of the technology that we already know, but also to open up our own MaaS platform to a much broader spectrum of urban mobility initiatives, projects, and experiments. No matter the size or scale,” says Martynas Gudonavičius, CEO of Trafi.

The company believes that cities have been suffering enough from car centricity, and the Covid-19 gave local authorities the final proof that public investment into transportation and urban mobility is needed. With this new financial round and the Japanese expertise, Trafi bets on a more sustainable and easier to access urban mobility solutions for the future of the cities.

About Sumitomo Corporation

With its global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment.

About Aioi Nissay Dowa Insurance

Aioi Nissay Dowa Insurance Co., Ltd. is a subsidiary of MS&AD insurance Group, the largest insurer in Japan and the ASEAN region. Aioi Nissay Dowa Insurance offers a comprehensive insurance service package: from fire insurance, casualty insurance, automobile insurance, allied insurance, to life insurance, and other products. Aioi Nissay Dowa Insurance provides its services to individuals and groups domestically and overseas.

Keep up with Trafi

Subscribe to our newsletter to stay ahead of the curve on the latest in Mobility-as-a-Service and Trafi – news, blog, white papers, webinars, and podcast delivered straight to your inbox

About Trafi

Founded in Vilnius, Lithuania, Trafi has been revolutionizing urban mobility since 2013. Our MaaS platform is designed to run even the most complex transport systems and has been trusted by Berlin (BVG), Brussels (STIB), Portsmouth & Southampton (Solent Transport), Munich (MVG), and Zurich (SBB). 

Trafi’s mission is to empower cities with state-of-the-art MaaS solution that helps to tackle their mobility challenges and to achieve ambitious sustainability objectives. Our white-label product offers all the features and components needed to launch your own-branded MaaS service. With more than 50 existing deep integrations to mobility service providers and payment facilitators, we help to reduce risk, cost, and time-to-launch for new services.