UFT
Company

Last deal

$558.4K
Local Amount - EUR 500K

Amount

Seed

Stage

01.11.2019

Date

2

all rounds

$2.6M

Total amount

General

About Company
UFT develops on-demand ridesharing technology for transit operators and authorities.

Industry

Sector :

Subsector :

Also Known As

Kussbus, Utopian Future Technologies, Savvy Mobility

founded date

01.01.2016

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

The company, now rebranded as Savvy Mobility after being acquired by Cube4T8 and then Losch Luxembourg, offers an end-to-end SaaS platform for demand responsive transport, covering a wide range of mobility services such as public transport, paratransit, school transport, and taxi sharing. Its proprietary matching and routing algorithm optimises fleet and demand allocation, leading to a 20-30% increase in productivity for operators, as well as reduced fixed costs and emissions. UFT's system is vehicle and use case agnostic, making it the only platform in the market that helps operators optimise asset utilisation across different mobility use cases. UFT has customers in several European countries and is expanding further, driven by the founders' vision to improve mobility services to the point where people prefer them over private cars, and their belief that universal access to smart mass-transit is key to reducing per capita greenhouse gas emissions.
Contacts

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