Through a strategic alliance, Ride On and Enzen aim to deliver urban mobility solutions to help transition people away from the use of private vehicles to more sustainable forms of transport like e-bikes.
Mobility company Ride On has partnered with strategic advisory services group Enzen to deploy shared transportation solutions in cities around the world.
The new collaboration sees Enzen acquire a majority stake in Ride On that consolidates the existing bike-share schemes Ride On has in the US and UK.
Through this strategic alliance, Ride On and Enzen aim to deliver a complete solution that operates within city traffic and incorporates smart charging and parking.
According to the partners, the collaboration is a bid to accelerate sustainability through Ride-On’s “last mile” transportation solutions, which reduce the use of fossil fuels and address the highly inefficient short journeys perpetuated in cities around the world.
“Ride On’s model brings to life a mode of transportation that is environmentally responsible and accelerates sustainability”
By transitioning people from private vehicles to more sustainable forms of transport like e-bikes, Ride On claims its solutions reduce harmful emissions, improve air quality and support physical exercise, delivering long-term benefits for urban populations.
“This agreement advances our objective to consolidate Ride On’s presence in America and Europe. Without any doubt it allows us to continue expanding our fleets in the USA and UK, where we start operating in the next few months,” said Miguel Vital, CEO of Ride On.
“There is a positive forecast for increased projects in 2020, a year in which mobility companies can address the challenges currently presented by the industry, and provide optimal solutions for both users and local authorities to ensure the coexistence of all mobility solutions in urban environments."
Due to the Covid-19 outbreak, the partners anticipate a surge in demand for shared mobility schemes due to their safety advantages. They point out it is much healthier to utilise a bike rather than taking a public mass-transit option such as the metro or buses, where users must interact in close quarters with the public.
“Ride On’s model brings to life a mode of transportation that is environmentally responsible and accelerates sustainability, while at the same time promoting decongestion through reduction of private vehicles in cities,” added Satheesh Kumar, chairman of Enzen.
“It reduces traffic and fossil fuel use, improves air quality and delivers health benefits from physical activity."
Enzen Group is a global, professional, knowledge practice for the energy and utility sector, providing strategic advisory and delivering outcome-driven solutions to businesses, governments, non-governmental organisations, and not-for-profits.
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