Volvo Group Enterprise Capital has invested in Optibus, the supplier of a Software program-as-a-Service resolution designed to facilitate the digitalization and electrification of public transportation. Optibus says its service is in use in 1,000 cities in 26 nations.
“Optibus presents a scalable SaaS resolution and has doubled its income 12 months over 12 months,” says Christina Brinck, Funding Director, Volvo Group Enterprise Capital. “We consider the Volvo Group can add appreciable strategic worth to the continued improvement of the enterprise.”
“The bus market is reworking as a consequence of digitalization, electrification, and adjustments in enterprise fashions,” says the Volvo Group. “Superior software program options are key for cities and bus operators to reap the benefits of the market improvement. Optibus and Volvo Group will collaborate to create mutual strategic learnings and progress alternatives.”
“Between Volvo Group, as a world OEM with many years of transport business experience, and Optibus, as an agile, shortly scaling SaaS firm, this relationship spurs the synergy wanted to advance digitalization and sustainable fleets,” says Amos Haggiag, CEO and co-founder of Optibus.
Supply: Volvo Group
