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Mobility company teams with blockchain groups for automated payments

Greyp envisions a network where every vehicle has a digital wallet and is advancing its work on automating vehicle payments for tolls, rentals and green-energy charging.

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The Greyp platform incorporates blockchain technology
The Greyp platform incorporates blockchain technology

Mobility company and maker of electric bikes, Greyp, has teamed with two blockchain groups with a view to progressing its work on automated payments for vehicles.

 

The new partnerships are with slock.it, an IoT company connecting physical devices to the blockchain, and the Energy Web Foundation (EWF), a non-profit organisation applying blockchain in the energy sector.

 

Green energy charging

 

Greyp and the partners will initially focus on the specific use cases of machine-to-machine (M2M) value transfer, which allows vehicles to pay for tolls and green energy charging, and vehicle access management that facilitates rentals, including with cryptocurrency.

 

The Greyp platform incorporates blockchain technology, which allows devices on a network to securely ‘sign’ and verify information and transactions without a human or CPU intermediary.

 

“We envision a network where every vehicle has a digital ‘wallet’ enabling autonomous machines to receive and create payments, both to humans and to other machines,” said Kresimir Hlede, COO, Greyp.

 

“This is a big step forward toward realising our vision for a sustainable, connected future. We are excited to be working with slock.it.”

 

Greyp’s connected mobility development with slock.it and EWF follows its partnership with T-Mobile, whose eSIM technology powers connectivity for its Greyp G6 bike.

“We are taking the next step toward building an integrated network that can support an unlimited array of interoperable, sustainable, smart mobility options”

The company said it is currently focused on expanding its platform to support third-party mobility applications as part of its vision of a connected future of zero emissions, zero accidents and zero ownership.

 

“My vision has always been a holistic one focused on building a truly connected world,” added Mate Rimac, CEO of Greyp.

 

“We are grateful for our support in the bike community. Now, we are taking the next step toward building an integrated network that can support an unlimited array of interoperable, sustainable, smart mobility options.”

 

A sister company of supercar maker Rimac Automobili and led by CEO Mate Rimac, Greyp’s leading investors include Porsche AG and Camel Group, while T-Mobile is among its major partners.

 

Greyp is conducting a digitalised equity offering, providing the opportunity for retail investors, via the fundraising platform Neufund, to own a piece of the company as it aims to ‘power’ beyond bikes and build out a connected mobility platform.

 

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