To meet a growing demand for the MV-1, Mobility Ventures will continue to aggressively expand its dealer network into all major domestic and international market areas.
During Carter Pate's tenure as CEO, MV grew from $725 million in revenue in 2010 to over $1 billion in revenue in 2013, and expanded its operational footprint in the Middle East, as well as in the areas of school bus operations, international transportation logistics, and on-demand black car service.
Five metros — Washington, San Francisco, New York, Seattle, and Boston — share an obvious trait: good public transportation systems, which makes it possible to reduce car ownership and related expenses.
The study found a connection between transportation opportunities and unemployment rates in different neighborhoods within the city, ranging from 3% in high-income neighborhoods to as high as 20% in low-income neighborhoods.
Additionally, the study found that ride services both complement and compete with public transit.