Acquisition · Mobility & Logistics
Moving Tech acquires Automicle to enter Europe
By Startup Enthusiast ·
- 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
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