Masabi raises $20m to expand ticketing platform

Masabi has secured £20 million in a funding round to accelerate the expansion of its mobility platform Justride. Masabi says Justride removes the need for passengers to buy a ticket by allowing them to tap a contactless bank card, mobile phone or smart card to travel. The round of investment, led by venture capital firms Smedvig Capital with MMC Ventures, is expected to allow the company to bring its ticketing and payments technology to more cities and transit operators around the world. Addition
May 8, 2019 Read time: 1 min
6870 Masabi has secured £20 million in a funding round to accelerate the expansion of its mobility platform Justride.


Masabi says Justride removes the need for passengers to buy a ticket by allowing them to tap a contactless bank card, mobile phone or smart card to travel.

The round of investment, led by venture capital firms Smedvig Capital with MMC Ventures, is expected to allow the company to bring its ticketing and payments technology to more cities and transit operators around the world.

Additionally, Masabi says it will also use the fund to work with partners such as Uber, Jorudan and Keolis in making it easier for people to discover and access public transit services.

For more information on companies in this article

Related Content

  • UK Government announces funding for Smart Mobility Lab in London
    October 23, 2017
    A consortium led by TRL has been awarded £13.4 million ($10.1 million) of the UK government's £51 million ($38 million) Connected and Autonomous Vehicle (CAV) testbed funding to create a Smart Mobility Living Lab (SMLL) in Greenwich and nearby Queen Elizabeth Olympic Park, Stratford, London. The funding is part of the £100 million ($75 million) UK CAV test bed competitive fund and is the first investment by government and industry through Meridian to develop a national CAV testing infrastructure.
    Read More
  • Bytemark offers mobility rewards programme
    October 22, 2021
    The programme supports the SDoT's 'Flip Your Trip' campaign
    Read More
  • Modelling MaaS and making it happen
    June 15, 2017
    Colin Sowman looks at some of the emerging technology being introduced to evaluate and operate Mobility as a Service. The fast-growing interest in Mobility-as-a-Service (MaaS) has prompted the creation of a host of software systems for those wanting to become a MaaS provider or participate in MaaS offerings. Most recently, at ITS International’s MaaS Market conference, Portuguese company Brisa Innovation announced a name change to A-to-Be to reflect its increasing involvement in the MaaS sector with the lau
    Read More
  • Outlook good for transportation technology funding
    January 25, 2012
    Chris Cheever and Chris Thomas of Fontinalis Partners discuss the funding outlook for the ITS industry – where the money’s going to come from, and what needs to happen to facilitate change
    Read More

Highlighted Content