True Global Ventures 4 Plus (TGV4 Plus) Fund, has led the latest investment round in Iomob, which is building a decentralized protocol for the creation of the Internet of Mobility, the world’s first interoperable Mobility Marketplace Network. Iomob will utilize this investment to expand its engineering and commercial team, as it seeks to execute its progressive mobility decentralization and tokenization plans during 2022.
Iomob was incorporated in 2018 by three Ph.D. co-founders based in Barcelona, Spain. Since its incorporation, Iomob has deployed trials with major enterprise customers in New Zealand, Spain and Scandinavia and is now deploying commercially in the UK, US and Portugal providing millions of travelers with access to multimodal shared mobility, with many more deployments to be announced later this year.
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“Since first being introduced to the Iomob team I have been extremely impressed with their agility and efficiency in terms of adapting their business model and approach to this fast changing marketplace. These skills will be paramount as they drive Iomob forward.” said Sergey Dashkov, Founding Partner of True Global Ventures.
Iomob will be decentralizing and tokenizing their award-winning mobility platform later this year, with the financial support coming from TGV and other co-investors from this round including a100x, an impact-focused blockchain fund from the US and Creas Impacto. With additional funding from Global Blockchain Ventures, NetX, Techstars and B4Motion all of whom are investing in Web 3.0, mobility and impact companies poised for growth.
“We are honored to have TGV4 Plus lead our funding round. The TGV fund thesis aligns perfectly with our team and ambition and we are looking forward to leveraging their vast partner network and ecosystem. Being a member of the TGV portfolio and community will help support our global commercial growth plans and further develop our goal of being the leading decentralized mobility platform” stated Boyd Cohen, CEO and Co-founder of Iomob.
Not only is the marketplace one of the biggest, Iomob has developed a world class journey planner which is truly intercity and intermodal allowing for integration of transport from railways, cars, bikes, scooters, etc. The Iomob platform provides quick and seamless transportation integration with an array of sustainable mobility offerings globally. Currently the fast growing Iomob platform and world class “Journey Planner” taps into 7000 taxi fleets, micro-mobility in more than 270 cities, thousands of parking spaces and 480+ public transit feeds. Integration of new providers can be completed in a matter of days.
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Through an app powered by the Iomob platform, citizens can tap into all the mobility options available in their region, nudging them towards more shared and sustainable transport modes.
Iomob’s open approach means that any organization can expand their mobility offering, be it hotels, rail operators, government entities or corporates. For the first time any organization can optimize a customer’s journey by making intermodal mobility more accessible.
“The multi-trillion dollar ground transportation industry has been facing digital disruption for over a decade. Iomob is the company leading the development of the world’s first decentralized Internet of Mobility protocol and token. Iomob’s team, impressive traction and proven technology, coupled with a growing set of global and regional partners, positions Iomob to become a major player of decentralized mobility on a global scale. TGV is excited to play its part in helping Iomob accelerate their trajectory, facilitating more seamless mobility and helping the shift to a lower carbon transportation sector.” said Valerie Hawley, Middle East, General Partner of True Global Ventures.
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