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European countries join forces to launch GreenMob, the multimodal journey planner for sustainable travel

  • GreenMob is a multimodal journey planner for sustainable travel. It provides a certified CO2 emissions calculator with automatic transport mode recognition integrated into a Mobility as a Service (MaaS) platform empowering consumers to make informed decisions about their travel choices.
  • Objectives: reduce CO2 emissions, promote sustainable and eco-friendly transportation, increase sustainability awareness and data.
  • In May 2024, it will undergo testing in three European cities: Viladecans (Spain), Debrecen (Hungary), and Cesena (Italy), with plans for commercialization by the end of the year.
  • GreenMob is supported by EIT Urban Mobility, an initiative of the European Institute of Innovation & Technology (EIT), a body of the European Union.

A new initiative is aiming at transforming urban mobility as we know it. Developed by a consortium of European partners, including the Spanish CARNET (Cooperative Automotive Research Network) and Ajutament de Viladecans, the French Instant System, the Italian Wecity, Start Romagna and Comune di Cesena, and the Hungarian Debrecen Exclusive Public Transport Company (DKV), and supported by EIT Urban Mobility an initiative of the European Institute of Innovation & Technology (EIT), a body of the European Union,  GreenMob is a multimodal journey planner for sustainable travel.

The project aims at reducing carbon dioxide (CO2) emissions produced by motorised trips, promoting sustainable and eco-friendly transportation, and increasing sustainability awareness and data. Thanks to a certified CO2 emissions calculator developed by Wecity and integrated into a Mobility as a Service (MaaS) platform, this user-friendly interface calculates and shows CO2 emissions associated with any city trips.

“By integrating various modes of transport providing comprehensive information on routes, schedules, fares, and updates in real-time, as well as the innovative integration of a CO2 monitoring tool that automatically recognises the mode of transport used and calculates emissions, GreenMob allows consumers to make informed decisions, thereby contributing to a cleaner and greener future”, commented María Paula Caycedo, Head of Innovation Hub South

The GreenMob project will soon be tested in the cities of Viladecans (Spain), Debrecen (Hungary), and Cesena (Italy), with the aim of determining the feasibility and effectiveness of the solution. The testing phase, starting in May 2024, will involve pilot definition and testing, technical adjustments, integration, among other tasks, to be finally ready to go to market by the end of the year with an official presentation event in Debrecen. 

Key Features of GreenMob:

  • Multimodal journey planner providing comprehensive information on routes, schedules, fares, and updates in real-time.
  • Innovative CO2 monitoring tool that automatically recognizes the mode of transport used and calculates emissions.
  • User-friendly interface to increase awareness and support ecologically responsible transportation options for city travel.

“Over 70% of EU citizens live in urban areas – cities, towns and suburbs – that generate 23% of all transport greenhouse gas emissions. This initiative falls in the framework of the European Union to reduce greenhouse gas emissions by at least 55% by 2030 and by 90% by 2050. The challenge of future mobility will be addressed by improving accessibility and providing efficient service and vehicle management; fostering European-wide interoperability across systems by integrating public and commercial mobility services.”, concluded María Paula Caycedo, Head of Innovation Hub South.

Partners’ Main Contributions:

  • CARNET: Overall project management and coordination, pilot definition and testing.
  • Instant System: Technical adjustments and integration, intellectual property rights (IPR), exploitation, and scalability.
  • Wecity: Technological partner, creator of the CO2 emissions calculator.
  • Start Romagna: Implementation of a MaaS application, integration with Wecity’s gamification platform.
  • Comune di Cesena and Ajutament de Viladecans: Pilot definition and testing.
  • Debrecen Exclusive Public Transport Company (DKV): Technical adjustments and integration, pilot definition and testing.

The GreenMob project represents a significant step towards achieving sustainable urban mobility and reducing environmental impact. By leveraging innovative technologies and collaborative efforts, the project aims to revolutionize the way people travel in cities, ultimately leading to cleaner, greener, and more livable urban environments.

EIT Urban Mobility is the  largest non-French investor in mobility start-ups in France, according to  new study

EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union, has been recognised as the largest non-French investor in mobility start-ups in France. It is the second most active investor in the mobility transition in the country, after Bpifrance. EIT Urban Mobility currently provides financial support to fifteen mobility start-ups across the country. The same report indicated a +12% increase in fundraising between 2022 and 2023, for a record amount of €1.9 billion, making France the second-largest transport innovation ecosystem in Europe, after the UK.

One of the main difficulties for mobility startups in Europe, is to explore the possibility of real-life testing their solutions. Taking this into account, EIT Urban Mobility launched last week the RAPTOR (Rapid Applications for Transport) competition to respond to complex urban mobility issues identified by participating cities in 10 European countries. The platform offers open competition for startups and SMEs to propose solutions that address these challenges. Winners will receive €40,000 in funding and personalised support to pilot their solutions over a five-month period within the city. French entities are strongly encouraged to participate, in particular to promote solutions focusing on improving pedestrian and cyclist safety, promoting active mobility among the elderly and controlling CO2 emissions.

As a result, the Bout project was developed thanks to EIT Urban Mobility’s RAPTOR programme on the Seine in Paris, France. The project, a pioneer in urban mobility solutions on the river, uses its app and digital marketplace website to connect users with local boats for exploration and transport. While the Seine will be central to the Paris Olympic Games in summer 2024, Bout’s innovative approach is helping to develop sustainable waterborne transport and put the Seine back at the heart of French people’s lives.

“Beyond our current actions, EIT Urban Mobility is committed to continuing its involvement in France and to developing more collaborations and partnerships with startups and cities throughout France. We want to establish a lasting presence in the French urban mobility landscape to promote ever more innovative solutions tailored to the needs of the cities of tomorrow”, concluded María Paula Caycedo.

EIT Urban Mobility mostly intervenes at the early stages of the development of the startups, for an amount up to €500.000. Beyond financial support, EIT Urban Mobility also helps foster innovative projects by integrating them into the pan-European city ecosystems, providing mentoring and support for project development, and access to exclusive funding opportunities.

Cargofive raises €2.5M to accelerate Digital Transformation in Freight Forwarding 

Company is dedicated to digitizing and automating traditional processes to enhance efficiency and customer service 

Cargofive, a leading innovator in the freight forwarding industry, announces today the successful completion of an extended funding round, raising €2.5 million. This round saw the new participation of prominent venture capitalists Indico Capital and EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union. This follows a round previously led by Shilling & Lince Capital, alongside angel investors and the PRR Nexus. 

In a world where the freight forwarding industry is pivotal to global trade and the economy, Cargofive stands out as a transformative force. This industry, responsible for moving the goods we use every day, has long been hampered by antiquated processes. Freight forwarders often struggle with obsolete methods to find the best pricing and schedules, wading through endless spreadsheets, PDFs, and infinite emails. 

Cargofive is here to change that. Their platform, leveraging cutting-edge technology, simplifies the process of identifying efficient routes and competitive pricing. It enables quick generation of customer quotations, transforming what used to be a laborious and time-consuming task into simpler and more efficient one. This innovation not only boosts operational efficiency but also revolutionizes the customer experience in freight forwarding. 

Cargofive’s growth trajectory has been impressive, with a diverse client base that includes over 100 small, midsize, and even top 50 freight forwarders worldwide. This demonstrates the wide-reaching impact and adaptability of the platform. Moreover, the company’s partnerships are noteworthy, comprising important ERPs and major carriers, reflecting their strong position in the industry.  

This new funding will fuel further innovation and enhancement of Cargofive’s product. The company plans to invest in Marketing & Sales for strategic expansion across Europe and the Americas. Additionally, it will accelerate their Product Roadmap and expand their logistical footprint with new Ocean and Inland service integrations. Cargofive’s journey towards sustainability and profitability continues with renewed vigour. 

Regarding the current industry landscape, Sebastian Cazajus, CEO and Co-Founder of Cargofive, commented: “International shipping has remained largely offline until recent years, causing products to cost more and arrive later than needed. We launched Cargofive to transform this reality, aiming to simplify how freight forwarders operate, and make them quicker and more cost-effective.” 

Stephan Morais, Managing General Partner of Indico Capital Partners, added that “Maritime transportation is a huge market and one of the biggest emitters of carbon into the atmosphere. All solutions that increase the efficiency of transportation of goods through the oceans and reduce costs are positive in terms of increased sustainability”. 

Matteo Consonni, Investment and Portfolio Manager at EIT Urban Mobility, said “Operating at the intersection of maritime and land logistics, Cargofive precisely fits the innovation and ambition EIT Urban Mobility is here to invest in. Cargofive´s potential lies both in the ability to revolutionise freight flow management, and the innovative software which provides crucial insights into the environmental impact of shipping routes. The decision to incorporate in Portugal reflects our Investment Committee’s confidence in bolstering EIT Urban Mobility’s footprint in a region where water serves as a vital transport conduit.”. 

With this new funding, Cargofive is positioned to make a significant impact on the future of freight forwarding. The company is committed to leading the charge in the digital transformation of an industry that is so crucial to our everyday lives. 

Berlin tech startup wants to unlock Europe’s rail future.

PANTOhealth, a Berlin-based tech startup, is pioneering efforts to revolutionise Europe’s rail infrastructure, aiming to make it more reliable, efficient, and sustainable. EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union, invested and supported PANTOhealth in its latest 6-digits round of investment.

With a mere 0.5% share in EU greenhouse gas emissions, trains stand out as the most sustainable mode of transport. However, challenges such as maintenance-related delays and cancellations hinder the widespread adoption of rail travel. PANTOhealth’s predictive maintenance solutions leverage real-time monitoring and AI-driven algorithms to proactively identify and address maintenance issues before they escalate. By significantly reducing downtime and enhancing safety, PANTOhealth aims to increase rail infrastructure uptime by around 30%, thereby minimizing accidents and defects, and ultimately providing passengers with a more reliable travel experience.

Recognising this, Mina Kolagar, co-founder and co-CEO of PANTOhealth, emphasizes the importance of prioritising train reliability and punctuality. “At the end of the day, it is passengers who are choosing the mode of transportation. Our goal is to provide a proactive maintenance plan, like a suggestion guide.” As PANTOhealth prepares to scale its operations with the support of investors “Every day I wake up with the mindset that we need to be flexible to solve unexpected challenges. I believe we have a strong and reliable team,” reflects Kolagar. AI is used to define the exact position of faults, and determine the reason for the fault, before predicting the best time to carry out maintenance. Additionally, PANTOhealth’s technology allows them to recommendations to maintenance teams to check predetermined locations and make small adjustments.

As a portfolio startup of EIT Urban Mobility, the investment manager Johannes Kirschner insisted that “We are very excited to support PANTOHealth as we believe in the positive impact of their technology and the immense market potential. In securing a substantial six-digit seed round at the end of 2023, PANTOhealth shows us right. The funding round was led by SCE Freiraum Ventures together with EIT Urban Mobility and a prominent group of Business Angels and industry experts. It marks a crucial step forward, enabling PANTOHealth to scale operations and contribute to shaping the future of rail in Europe, vital for meeting climate goals through innovation.”

With ambitions to expand beyond Europe and into markets like India, PANTOhealth will play a pivotal role in shaping the future of urban mobility worldwide. The startup’s innovative approach has garnered recognition, including a ‘Coup de Coeur’ prize from the European Railway Clusters Initiative (ERCI) and acknowledgment of Mina Kolagar as one of the 100 most important people in Berlin’s economy in 2023 by Germany’s Tagesspiegel newspaper. With 62 additional investment rounds in 2023, EIT Urban Mobility is the top investor in European mobility start-ups according to the latest report of Via ID and Dealroom.

RAPTOR, an urban mobility competition, is launched in 13 European cities

Embarking on its fourth edition, the Rapid Applications for Transport (RAPTOR) programme by EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union, is set to push sustainable urban mobility challenges across Europe. Thirteen dynamic cities spanning ten countries are part of this initiative, demonstrating their commitment to fostering innovation and addressing pressing urban mobility needs. The kick-off was set this week with all the cities meeting in Prague with EIT Urban Mobility.

RAPTOR represents a challenge-oriented platform designed to specifically tackle niche urban mobility issues identified by participating cities. Startups and SMEs are invited to propose innovative solutions to these challenges, with winners receiving €40,000 in funding along with tailored mentoring support to pilot their solutions over a five-month period within the city.

Adriana Diaz, Interim Director of Innovation at EIT Urban Mobility, emphasized the program’s agility and its transformative impact on European cities. “RAPTOR empowers European startups and SMEs to collaborate directly with cities, offering innovative solutions that transcend conventional approaches to urban mobility challenges,” she remarked, “The programme’s fourth edition boasts a diverse array of challenges identified by participating cities, including enhancing pedestrian and cyclist safety, promoting active mobility among seniors, and monitoring CO2 emissions.”

The following cities are part of the 2024 edition on these key topics:

Together, EIT Urban Mobility and cities have launched the open competition for European startups and SMEs to propose solutions that address these challenges. The niche mobility challenges for each of these cities is explained and detailed on the RAPTOR website, to support the SMEs and startups in getting ready for the competition.

Delivery Couple acquirement is first step to bring last-mile delivery solution EU wide. 

Polish last-mile delivery startup Delivery Couple announces its acquirement of German competitor THEO, in turn increasing its fleet size by 260% by the end of 2024. Focused on providing effective, safe and semi-autonomous deliveries, the company is currently operating in four cities across Poland, having piloted the solution across 14 cities.

This acquisition indicates a significant step towards becoming a European last mile leader.Delivery Couple became part of the equity portfolio of EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union, after applying and being selected as part of a Startup Investment Open Call in 2023. 

Founded in 2021, Delivery Couple was born out of the necessity for contactless deliveries during the Covid-19 pandemic and provides a guaranteed service by providing restaurants, marketplaces, and delivery companies with reliable robot couriers. Each robot is associated with either a female or male persona and is designed to be an aid to humans in providing an automated but friendly service. With a fleet of custom-designed robots, Delivery Couple are driving daily in 4 cities across Poland and guarantee a predictable delivery process, resulting in reduced traffic congestion in areas of operation and a zero-emission technology. Although the absolute necessity of contactless deliveries faded as the pandemic ended, this environmentally friendly and cost-effective technology has a definite place in modern cities.  

Of the announcement, CEO and co-founder, Sergiy Lebedyn said: ‘’Germany holds the largest market share in Europe for autonomous last mile deliveries, so the opportunity to gain access to this market with an existing network as built by THEO was not one to miss. Today, we are fully operational and generating profit per unit having completed 4000+ deliveries in Poland and with each delivery we have an opportunity to learn, refine and improve our systems. With a market as large as Germany´s, we of course increase our customer base and our fleet size but also our capacity to improve. We believe the success of our human-centric approach to last mile delivery will be compounded in this new market.’’  

Delivery Couple has gone from strength to strength, working in in-house hardware and software technologies and improving quality and percentage of successful deliveries. They took part in the 5G Turbo Accelerator in 2022 which is aimed to address key challenges in urban mobility with a focus on developing 5G technologies and services to improve traffic efficiency and traffic management, smart parking options, and road safety solutions, among others.  

EIT Urban Mobility Investment and Portfolio Manager, Jan Hauser commented: ‘’Our first encounter of Delivery Couple and their potential came during an accelerator programme in 2022, and the following year we were pleased to receive, and in-turn approve, an application for funding. As a pan-European investor, EIT Urban Mobility had also previously invested in THEO and was aware of Delivery Couple’s intention to expand for some time. In this and many other instances, we were happy to use our extensive network to connect different players, facilitating and accelerating innovation across the EU.’’  

About Delivery Couple  

Delivery Couple, a trailblazer in the last-mile delivery landscape, specializes in designing and deploying innovative sidewalk delivery robots. Their cutting-edge technology not only addresses environmental concerns but also ensures financial viability of the company starting from small scale. Unlike many competitors, Delivery Couple has already achieved operational profitability.  For more information visit www.deliverycouple.com  


EIT Urban Mobility investment portfolio grows to 127 ventures

With a total of 46 investments in new startups in 2023, the investment portfolio of EIT Urban Mobility, launched 4 years ago, now contains 127 ventures. The portfolio has a total value of €1bn with companies covering 29 European countries. While these innovations cover all aspect of mobility, they all have one common factor: their positive environmental and social impact on the urban landscape. Some key startups from our portfolio includes Elonroad, Vonzu and Zeabuz.

In 2024, EIT Urban Mobility, an initiative by the European Institute of Innovation and Technology (EIT), a body of the EU, aims to continue to enlarge the portfolio with an ongoing call for investments and their Investment Readiness Programme. This programme is designed for European startups in the field of urban mobility currently fundraising or planning to do so in 2025. EIT Urban Mobility’s investment strategy focuses on creating positive outcomes for both people and the planet while ensuring competitive market returns.

Fredrik Hanell, Director of Impact Venture at EIT Urban Mobility: “Impact investing means looking to the future when making decisions now. This means that we go beyond financial investments to drive meaningful and lasting change in the urban mobility sector.  As the European leading impact investor in mobility, EIT Urban Mobility, looks for seeds and pre-seeds companies that already have or can have a net positive impact.”

Prominently featured sectors in the portfolio include transport electrification, urban logistics, and mobility data management.  EIT Urban Mobility goes beyond the more traditional aspects of mobility by also investing in sectors such as waterborne mobility and behavioural change through nudging and stimulating walking.  

To measure a company’s net impact, and deliver a transparent view across specific categories, EIT Urban Mobility employs the Upright Net Impact Model, a quantification model that is based on a network summarising more than 250 million scientific articles and a taxonomy of over 150,000 product and service categories. According to this model, EIT Urban Mobility’s portfolio scores a 48% positive net impact score, significantly higher than the 40% of the control group of the Upright Benchmark. The startup companies in the portfolio score especially high on the environmental dimension, +217% compared to benchmark.  Another strong selection point is team diversity and gender balance, resulting in 43% of the equity portfolio being women-led in comparison to the industry average of 18% according to the Report on Women Entrepreneurs in Europe.

On top of this sustainable impact, EIT Urban Mobility has a dedicated investment budget for European economies that require more support in the sector of innovation. These regions defined by the Regional Innovation Scheme, typically have enormous untapped potential and can greatly benefit from investments in innovation and mobility. By directing resources to these areas, EIT Urban Mobility contributes to economic growth, job creation, and the development of sustainable transportation systems.

European EIT EdTech Conference 2024 brings together the industry to launch a European roadmap.

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Brussel, Belgium (23 January 2024) – The inaugural EIT Educational Technology (EdTech) Conference 2024, hosted by the European Institute of Innovation and Technology (EIT), a body of the EU, with the EIT Community and coordinated by EIT Urban Mobility took place today. The first edition of this annual event brought together more than a hundred key participants from education and innovation communities, including Higher Education Institutions, EdTech companies, and representatives of EU Institutions and national governments.  

The participants and experts of the event highlighted the importance of fostering a more interconnected approach to push the untap potential of the sector, while creating a unique path that will align with European values and its higher education needs. For now, the European EdTech received €1.64 billion in investment in 2022. The EIT EdTech Conference conclusions will be drafted into a roadmap to incentivise innovation, foster collaboration, and strategically allocate resources. The aim of the roadmap is to position EdTech not just as an educational force but as a strategic asset for the European economy.  

Mariya Gabriel, Deputy Prime Minister and Minister of Foreign Affairs of Bulgaria: “Nurturing and retaining talent is key to tackling the most pressing challenges we face. Educational institutions, academia, businesses, and governments should continuously work together to develop a shared space where European innovators can thrive.” 

Pia Ahrenkilde Hansen, Directorate-General for Education, Youth, Sport and Culture, European Commission: ““The European Commission is pleased to support the EIT EdTech Conference. The collaboration between the EIT Community and the EdTech sector holds great promise to drive innovation in education. We need to work together to make sure that our citizens are equipped with the right skills for the challenges Europe faces. The European Commission will continue supporting this collaborative work through the EIT Community, the Erasmus+ programme and policy initiatives in the field.” 

Ilaria Tagliavini, Head of Operation, EIT: “It’s no secret that Europe needs to train and retain talent if it wants to stay globally competitive. One of the main added values of the EIT’s unique innovation model is to integrate the education dimension into the innovation web, delivering talent tailored to Europe’s innovation needs. Our community – the largest innovation ecosystem in Europe – ensures a close cooperation between public education systems and private companies and is the perfect testing ground for European EdTech companies to develop their solutions.” 

Maria Tsavachidis, CEO, EIT Urban Mobility: “Since the pandemic, education has seen a global innovation surge. People embraced apps and online platforms to acquire new skills. Now, with wider accessibility of AI and large language models it has become even more obvious that EdTech has vast potential to transform education and be a catalyst for economic growth. Leading this first European conference on EdTech, we, EIT Urban Mobility and the EIT Community, acknowledge the transformational role that EdTech will play in skilling talents and enable Europe to achieve its sustainability goals. “ 

Among the other speakers of the conference: Antoaneta Angelova-Krasteva, Director for Innovation, Digital Education and International Cooperation, DG EAC, European Commission; Milena Stoycheva Bulgarian Minister of Innovation and Growth; Beth Havinga, Managing Director, European Edtech Alliance; Salvatore Moccia, Head of Education and Skills, EIT Digital; Dr. Nady Hoyek, Scientific and Educational Advisor, French Ministry for Higher Education, Research and Innovation; and many others. More information: EIT Ed Tech Conference

SLUSH: Where to invest next in the mobility sector? 

With more than 75% of Europeans living in cities and a pressing need for the transport sector to decarbonise and modernise, the mobility sector stands as the perfect playing field for innovation. At SLUSH, an annual landmark event for the start-up ecosystem, hosted in Helsinki from 30 November to 1 December ; EIT Urban Mobility hosted a side-event featuring mobility industry experts on the perception of start-ups and venture capitalists (VCs) regarding the sector’s current and future trends.  

The panel included Fredrik Hanell, Director of Impact Venture for EIT Urban Mobility; Dr Terhi Vapola, Managing Partner & Founder of Greencode Ventures; and Johan Høgåsen-Hallesby, Co-founder of Beta Mobility. The discussion, moderated by Cate Lawrence, a senior writer at Tech.EU, covered key aspects such as the challenges, opportunities, pitfalls, and trajectory of the sector in the coming years. The session concluded with start-ups in the audience presenting their solutions, and an open discussion on impact investments and on closing the pre-seed/seed funding gap. 

Investments and evaluating impact of a start-up in the mobility sector. 

The panellists emphasised the importance of understanding the complexity and distinctiveness of the mobility sector. Johan Høgåsen-Hallesby highlighted the necessity of comprehending regulations and city dynamics before scaling to new markets. Terhi Vapola stressed the wide scope of the mobility sector, emphasizing the need to adopt suitable models for every start-up entering this field. She stressed that as a VC, she is assessing solutions in relation to local needs, contemplating the adaptability to different city contexts. The panellists also looked into the significance of comprehending the investment strategy of start-ups and their alignment with the urban environment’s growth trajectory. Fredrik Hanell highlighted that mobility start-ups tend to have a higher survival rate due to their market-by-market (city-by-city) approach. 

The discussion further explored the impact of regulations on mobility start-ups, acknowledging that while regulations may introduce instability, they establish a positive framework for start-ups, as seen in the case of scooter companies. The conversation also touched on ethical considerations in the mobility sector, where safety and social impact must be deeply ingrained in every new solution. The panellists acknowledged the importance of measuring success beyond financial metrics, considering environmental and social transitions. They emphasised the need for profound ethical thinking in an industry where lives are at stake. 


ZOOM on the Upright Net Impact Model : In order to measure a company’s net impact, and deliver a transparent view across specific categories, EIT Urban Mobility and Greencode Ventures employ the Upright Net Impact Model, a quantification model that is based on a neural network summarising more than 250 million scientific articles, public statistical databases and a proprietary taxonomy of over 150,000 product and service categories. Although start-ups do not have to do their own assessment both investors agreed that they will look at similar criteria before deciding to invest. According to this model, EIT Urban Mobility’s portfolio scores a 48% positive net impact score, significantly higher than the 40% of the control group of the Upright Benchmark. The start-up companies in the portfolio score especially high on the environmental dimension, +217% compared to benchmark.  


Scaling and financing software or hardware start-up. 

The conversation at SLUSH explored the challenges of scaling, with a focus on business models and with the recognition that some solutions might take longer to scale due to their hardware nature. While hardware companies presently face greater funding challenges compared to their software counterparts, the conversation encouraged start-ups to explore alternative capital sources beyond traditional venture capital. Notably, experts advised aspiring entrepreneurs in the hardware sector to prioritise establishing partnerships within the industry, securing patents, and initiating operations on a smaller scale in a single city before pursuing global expansion. Drawing parallels to historical patterns where investment preferences have transitioned between software and hardware, Fredrik Hanell expressed optimism that the current preference for software investments amongst the VC would shift.  

Rapidly evolving trends and impactful disruptors are reshaping the landscape of the industry, setting the stage for the future. 

As seen over the past several years, changes could occur more quickly and at greater scale than many are prepared for, especially in densely populated areas. The future of mobility looks like a complex ecosystem with actors of various sizes and influence offering different mobility solutions to consumers. The panellists identified capacity issues, electrification, and the enabling aspects of electrification as evident trends in the mobility sector. They also highlighted the impact of new mobility services, data and connectivity, and autonomous vehicles.  

The discussion also touched on the new needs that will emerge from the Global South, emphasising the need for speed and innovative ideas to scale solutions. While Europe boasts an advanced public transport network, novel markets present opportunities for scaling up developed mobility innovations significantly. Against this backdrop, the panellists concluded by advocating continued participation in industry events, acknowledging the difficulties in fundraising over the past year. The message of hope centred on building solutions that align with personal beliefs and have the power to drive meaningful change in the industry.  

City of Heraklion, EIT Urban Mobility and Civinet Greece-Cyprus join forces to boost cycling travel.

EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT), a body of the EU, is proud to announce its partnership with the city of Heraklion and Civinet Greece-Cyprus, the network of Greek cities for mobility, to address urban mobility challenges.

This collaboration will bring a total of 13 innovative bike stations throughout the city at the end of November. An event to showcase the new biking facilities will take place Sunday 3 December at 11.00 a.m., at Georgiadis Park. Join the event: National innovation for cycling in Heraklion.

In the wake of the European Union’s recent Declaration on Cycling, announced just a few weeks ago as a major push for cycling across Europe, our partnership with the city of Heraklion takes on even greater significance. Heraklion is one of the leading Greek cities when it comes to the pedestrianization of the city centre, which in recent years has encouraged more pedestrian and bicycle travel. The city centre is a circle of approximately 350m radius and mostly pedestrianized. For this reason, the city believes it could encourage more commuters to use their bike or kick scooter instead of their private car when accessing to the city centre.

Exploring solutions, Heraklion is embarking on a strategic initiative to establish micro-mobility hubs throughout the city. As the largest city in Crete and the fourth-largest in Greece, with a population of around 174,000 residents (surging to nearly 1 million during the summer), Heraklion is dedicated to providing its citizens and visitors with safe, convenient locations to park their bicycles and e-bikes after their journeys.

At its core, this project aims to elevate active mobility, with a particular focus on micro-mobility and bike-mobility. The objective is to deploy secure and sustainable infrastructure for bike and kickscooter parking at strategically selected points throughout the city. These hubs, featuring a flexible modular design accommodating 4 to 10 bicycles and e-bikes, cater to both spontaneous parking and charging requirements for registered users. These infrastructure enhancements are envisioned to enhance the overall quality of life for Heraklion’s residents, contribute meaningfully to climate change mitigation efforts, and foster a more robust and dependable urban mobility sector. Two innovative solution providers have been selected for funding in this project:

  • Rastel.io will deliver 10 units to be installed outside of the old town. These smart and secure bike parking hubs come equipped with e-bike charging capabilities and can be accessed through the Rastel.io mobile app.
  • DonCicleto will provide 3 units to be installed in the old town. The Bikehangar, their modular and scalable bike and scooter parking solution, offers protection against vandalism, inclement weather, and theft.

Installation of these units is taking place during the month of November, with the facilities set to be operational by the end of November.

Safe bike parking facilities will encourage more cyclists to use e-bikes, which is expected to increase the number of cyclists for long peri-urban distance trips and trips to uphill destinations. This pilot implementation is funded for a period of six months. The success of these pilot installations will be evaluated at the end of the six-month period to gauge their effectiveness and assess the potential benefits of a long-term implementation of the tested solutions.

Vassilis Lambrinos, Mayor of Heraklion said: “We are participating in this initiative with the aim to encourage more people to choose the bicycle as a means of transportation. The promotion of Sustainable Mobility is always a policy priority for us.

Gareth Macnaughton, Director of the Innovation at EIT Urban Mobility said: “EIT Urban Mobility is thrilled to collaborate with the city of Heraklion to tackle urban mobility challenges. We are proud to work with innovative solution providers Rastel.io and DonCicleto, whose leading solutions focus attention on Heraklion. These pilot installations will pave the way for a more sustainable and efficient urban mobility future in Heraklion.”

Maria-Paula Caycedo, Head of Innovation for Hub South: “Collaborating with Heraklion to implement the project will lead to many benefits. The programme allows a pilot fostering innovation and support the sustainable urban development of the city. EIT Urban Mobility is working in collaboration with cities like Heraklion to further foster Greece and Europe’s dynamic mobility development landscape.”

The EIT Campus marks its one-year anniversary at the European Education Summit

The EIT Campus, the European Institute of Innovation & Technology’s flagship online learning platform, is participating at the upcoming European Education Summit on November 30, 2023. The Summit, an annual flagship event of the European Commission’s Education Area (EEA), brings together policymakers from EU institutions and the European education and training communities. In addition to its participation in the Summit, the EIT Campus is gearing up for its anniversary in January, marking a year of substantial achievements. The EIT Campus has played a pivotal role in innovative and entrepreneurial education, featuring a diverse range of educational activities and opportunities.

The European Commission is eager to train and reskill workers across all member states.

In 2023, the European Commission launched the Year of Skills initiative – a new strategy to boost upskilling, training, and innovation initiatives across member states. Within that framework, the EIT Campus was launched, on January 10, 2023, introducing an online platform housing over 200 courses, addressing crucial thematic areas such as climate, food, urban mobility, manufacturing, health, digital and raw materials provided by the EIT Community. This platform serves as a central entry point for students and professionals seeking to expand their knowledge while emphasizing innovation and entrepreneurship. After a year, over 40,000 users, ranging from professional and students, have actively explored the dynamic landscape of the EIT Campus.

EIT Campus, an online training platform celebrates it’s one year of existence.

Led by EIT Urban Mobility, representatives from the EIT Campus initiative will attend the Summit, showcasing their commitment to fostering innovation and entrepreneurship in education. The EIT Campus will feature its dedicated stand, serving as a platform to network and discuss its role in upskilling the future labour market in Europe. EIT Urban Mobility is highly engaged in this initiative as transport is continuously mentioned as a sector where significant labour shortages or skills mismatch are experienced, but also addressing gender unbalanced.

About EIT Campus: The EIT Campus is an initiative by the European Institute of Innovation & Technology, providing a centralized platform for innovative and entrepreneurial education and skill development. The platform offers a diverse range of courses and opportunities to students and professionals across Europe, contributing to the region’s digital and green transitions. For further information about the EIT Campus and its initiatives, please visit https://eit-campus.eu/.

EIT Urban Mobility at Slush: Where to invest next in the mobility sector. 

EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT), a body of the EU and a driving force in sustainable mobility solutions, is set to headline Slush 2023 with a focus on impact-driven investments and the significant role of women-led start-ups. The organisation’s involvement in the renowned event, will allow to share insights and perspectives on the future of the mobility sector.  

EIT Urban Mobility will lead a session at Slush 2023 titled:

“Where to invest next in the mobility sector.”

Scheduled for the 1st of December at 11:30 am GMT+2, room 101D 

The session will feature Fredrik Hanell, Director of Impact Venture for EIT Urban Mobility, Dr. Terhi Vapola, Managing Partner & Founder Greencode Ventures, member of European Women in VC and Johan Høgåsen- Hallesby Co-founder Beta Mobility discussing key aspects such as the unique challenges and opportunities in mobility investments, potential pitfalls, and the trajectory of the sector in the coming years. The session will be moderated by Cate Lawrence, senior writer at Tech.EU. 

To enlarge the chances of impactful start-ups, EIT Urban Mobility has invited a dozen of its portfolio start-ups to Slush 2023. The start-ups invited Cogo (Denmark); Geofluxus (The Netherlands); Elonroad (Sweden); Zeabuz (Norway); ITC (Israel); Vonzu (Spain); Met3r (Hungary); Bia (Spain); Meight (Portugal); Dreamwaves (Austria); Mioo (Sweden). 

After 5 years in existence, EIT Urban Mobility launches its first impact report of their investment portfolio.  

EIT Urban Mobility’s investment strategy focuses on creating positive outcomes for both people and the planet while ensuring competitive market returns. The organisation evaluates portfolio companies based on impact metrics and financial indicators, emphasizing a commitment to businesses that contribute to a net positive impact on the world. In a mere span of four years, our start-up portfolio has surpassed industry standards in terms of potential for societal and environmental improvement. An impressive 44% of start-ups under our umbrella are steered by leaders who are women, in contrast to the industry average of 18%. 

In order to measure a company’s net impact, and deliver a transparent view across specific categories, we employ the Upright Net Impact Model, a quantification model that is based on a neural network summarising more than 250 million scientific articles, public statistical databases and a proprietary taxonomy of over 150,000 product and service categories. According to this model, EIT Urban Mobility’s portfolio scores a 48% positive net impact score, significantly higher than the 40% of the control group of the Upright Benchmark. The start-up companies in the portfolio score especially high on the environmental dimension, +217% compared to benchmark.  

“While traditional ESG (environmental, social, and governance) approaches are valuable for ensuring that companies adhere to responsible practices, EIT Urban Mobility recognises their limitations when it comes to cultivating the companies our future requires. Therefore, we invest in net positive impact-oriented companies to accomplish their objectives of creating liveable urban areas.” commented Fredrik Hanell, Director Impact Ventures EIT Urban Mobility, “We maintain a strict focus on evaluating our portfolio companies based on their impact metrics as well as financial indicators. Our ultimate goal is to boost businesses that do tangible good in the world, creating a net positive impact on our planet.” 

The portfolio companies play a crucial role in addressing the complex urban mobility challenges that cities around the world face through the development of sustainable solutions. The report aims to provide a comprehensive exploration of the sustainability efforts and outcomes of these dynamic companies, shedding light on their contributions to create a more sustainable and liveable urban future.