Iomob Receives Investment & Partners with B4Motion
Iomob, an award-winning Mobility as a Service (MaaS) technology provider, today announced an undisclosed investment and partnership agreement with B4Motion, a leading Southern European mobility investor and venture builder based in Madrid.
Launched in 2017, Iomob is a MaaS platform that enables cities and transportation operators to deploy their own branded applications, which allow users to seamlessly plan, book, pay for and unlock e-mobility options as part of their door-to-door journeys.
Iomob has been racking up wins in recent months, having announced partnerships with Karhoo, a leading European taxi aggregator, and Circ, a pan-European scooter sharing service among others. Iomob has four current MaaS projects underway, including Renfe’s new MaaS platform to support door-to-door high speed rail and micromobility connectivity in Spain.
“Iomob is excited to have B4Motion on board as both an investor and partner. B4Motion’s track record and deep expertise and network in the European and Latin American mobility ecosystem will help us grow our reach. The funding helps us grow our team and the partnership will increase Iomob’s MaaS deployments particularly in Iberia and Latin America.”
B4motion, a Mobility specialist that researches, invests and creates mobility companies is delighted to partner with a company on the forefront of such a technological breakthrough that has countless commercial applications and the ability to disrupt a wide range of mobility sub-markets.
“IOMOB will revolutionize MaaS development and visibility for any player in the industry decentralizing solutions to provide all mobility stakeholders with a transparent, efficient and profitable solution. We are thrilled to be working alongside them on this incredible journey.”
Commenting on IOMOB as Investment of B4motion, Jose Pacheco, the company’s managing partner, “B4motion has been following the progress of IOMOB which is a fantastic startup with a grade A team and a successful history of developing novel technology platforms, and we look forward to leveraging their experience with the B4motion Mobility ecosystem and to drive IOMOB towards the next phase of growth.”
Iomob, which stands for the Internet of Mobility, headquartered in Barcelona, Spain, has built a white label Mobility as a Service solution which combines proprietary algorithms enabling multimodal combinations of public and private services and an application that allows end users to discover mobility services, receive multimodal combinations for their journeys, book and pay for a range of mobility services. Iomob has won numerous open innovation challenges from organizations like Ford Motors, Renfe and Sweden’s Sustainable Mobility Challenge. Iomob has also participated in prestigious startup accelerators such as Techstars and Wayra and in 2019 has won the Best Mobility Startup of 2019 at the South Summit, The Public Choice Award from ERTICO in 2019, Top Mobility Startup in the Federation of International Automobiles (FiA) Startup Challenge and selected Top 100 Smart Cities Partners by Newsweek.
B4Motion is a Mobility specialist launched in 2015 and since then it has been doing research, investing in promising entrepreneurs and creating new mobility companies that match new consumers demands in the mobility spectrum. To support entrepreneurs and fuel new businesses B4 has been taking advantage of a deep understanding of social trends, technology drivers and business models. B4Motion aim is to lead the mobility in South Europe and Latin America where they will operate next year. Among other initiatives, B4Motion has conducted extensive market reports, collaborate with other VCs, LPs and institutions. As a result of this global collaboration, B4motion is the promoter of the MOBISM, the mobility institute for sustainable mobility. All B4’s portfolio companies work in an interconnected network that gives each companies an exclusive ecosystem arena to outgrow its business in markets or to achieve faster and reliable new products.