StopDownOpen the app

Acquisition · Mobility & Logistics

Moving Tech acquires Automicle to enter Europe

By ·

Date
Company
Moving Tech Innovations
What it does
Zero-commission ride-hailing platforms
Kind
Acquisition
Sector
Mobility & Logistics

What they do

Moving Tech runs Namma Yatri, Yatri Sathi, Bharat Taxi, and Chennai One

What happened

It acquired Netherlands-based Automicle Holding BV for an undisclosed sum

Why it matters

The deal marks its entry into the European mobility market

The details

  • Moving Tech Innovations acquired Netherlands-based Automicle Holding BV.
  • The acquisition marks Moving Tech's entry into the European mobility market.
  • Financial terms of the acquisition were not disclosed.
  • Automicle develops digital mobility solutions including parking systems and integrated transport platforms.
  • Automicle works with European municipalities and focuses on interoperability via open standards.
  • Both companies use open protocols Beckn and TOMP APIs.

The bigger picture

  • The acquisition comes amid growing India-EU alignment on digital public infrastructure and sustainable urban mobility.
  • Urban mobility challenges globally include high platform commissions, fragmented public transport, and limited city control.
  • Moving Tech positions itself as an alternative to high-commission, closed ride-hailing platforms.

About the business

  • Moving Tech operates Namma Yatri, Yatri Sathi, Bharat Taxi, and Chennai One.
  • It uses a zero-commission, open-network model.
  • The company claims over 150 million trips completed across its platforms.
  • It claims to have enabled over Rs 2,500 crore in driver earnings without commissions.
  • Moving Tech emphasizes open digital infrastructure, public transport integration, and city authority control.
  • Automicle operates in the mobility-as-a-service segment, enabling multi-modal transport booking via a common interface.
  • Automicle helps municipalities digitize parking, ticketing, and multimodal journey planning.

What happens next

  • The combined entity aims to offer cities an alternative mobility framework: open systems, public-private partnerships, and long-term infrastructure.

The deal

Type
acquisition

Founders

  • Magizhan Selvan, Co-founder
  • Shan M.S., Co-founder
  • Mohit Mishra, Co-founder of Automicle
  • Jef Heyse, Co-founder of Automicle
  • Amit Pal, Co-founder of Automicle

Other articles talking about it

Read it as a card in the app

Same day

All startup news on 27 March 2026 →