Bolt pledges not to ‘serve up eyeballs for advertisers’

Bolt, the ride-share firm which was previously called Taxify, has insisted that the ITS industry must be careful what it does with the data it collects. Speaking at ITS International’s MaaS Market conference in London last week, Dominick Moxon-Tritsch, Bolt’s director of regulation and public policy, told delegates: “In principle we’ve got no problem with data sharing.” The company already works with public authorities across Europe, he said, but there is an obligation on firms in the mobility sector
March 26, 2019 Read time: 1 min

Bolt, the ride-share firm which was previously called Taxify, has insisted that the ITS industry must be careful what it does with the data it collects.

Speaking at 1846 ITS International’s 8545 MaaS Market conference in London last week, Dominick Moxon-Tritsch, Bolt’s director of regulation and public policy, told delegates: “In principle we’ve got no problem with data sharing.”

The company already works with public authorities across Europe, he said, but there is an obligation on firms in the mobility sector to use data responsibly.

“There’s a reckoning coming: we don’t intend to be monetising our dataset,” he added. “We’re not in the business of serving up eyeballs for advertisers. We’re a transport business.”

2069 Daimler and Chinese ride-share group DiDi have invested in Bolt, which was set up in Estonia in 2013 by entrepreneur Markus Villig.

For more information on companies in this article

Related Content

  • World Congress celebrates coming of age in Detroit
    September 7, 2014
    This is the 21st ITS World Congress and as Scott Belcher, President and CEO of ITS America, puts the event in its wider context, it’s clear that ITS has come of age
    Read More
  • Jenoptik growth remains on track
    August 10, 2016
    The Jenoptik Group ended the first half of 2016 with strong performance in terms of revenue, earnings and cash flow. The Group’s revenue rose by 3.4 per cent to US$364 million (€326.8 million, up from the previous year’s US$352 million (€ 316.1 million). This was also the highest revenue posted by the company for a first half-year in recent years. In addition, development of business in the previous year was influenced by positive currency effects. A major contributor to growth was the increased demand
    Read More
  • The rise of V2X: it’s time for ITS to put up the shields in cyberspace
    May 14, 2018
    Traffic management has largely been shielded from the sort of malicious hacking that is commonplace in other industries – but with billions of connected devices in the world it won’t stay that way, warn internet experts Keith Golden and Brandon Johnson. Traditionally isolated from networks and the internet over most of its history, the traffic management industry has largely been shielded from malicious hacking and system intrusion that have become commonplace in other industries. However, as the rate of
    Read More
  • Ficosa pledges €500m investment in C/AV technology
    March 19, 2019
    Spanish firm Ficosa is to put €500m into R&D over the next four years to provide new technology for connected and autonomous vehicles (C/AVs). The firm believes that revenue from its technology systems will rise from €100 million to €800 million over the next five years. Assisted driving and e-mobility are other areas of interest, and the company has already put its money where its mouth is, showing off a new e-mobility development centre last year. The company had overall revenues of €1.28 billion
    Read More

Highlighted Content