Technology

Shell makes investment in Masabi

Posted on February 7, 2020

Masabi finalized an investment from Shell that will help support the global expansion of Masabi’s Justride platform, which is bringing ticketing technology and enabling Mobility-as-a-Service (MaaS) for public transport operators and authorities of all sizes around the globe.

Shell’s investment is an extension to Masabi’s recent $20 million growth funding round led by Smedvig Capital with MMC Ventures and other existing investors. With over 70 clients across 13 countries, Masabi’s world-first integration with transport leaders including Uber, Transit, Jorudan, and Kisio Digital is making it easier for people to choose and use public transport services through mass consumer apps, helping place public transport at the center of the global MaaS movement.

Currently processing more than $1billion in annual transport ticketing sales, Masabi continues to add features and functionality to the Justride platform. Its latest capability removes the need for passengers to buy a ticket before traveling, allowing them to simply tap a contactless bank card, mobile phone, or smartcard to ride. The adaptability and continuous innovation allows the company to bring new ways of running ticketing services to cities of all sizes.

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