Moving Tech Expands into European Market with Automicle Acquisition

Moving Tech Innovations Expands into European Market with Automicle Acquisition

Moving Tech Innovations (MTI), a Bengaluru-based company behind open mobility platforms such as Namma Yatri, Yatri Sathi, and Bharat Taxi, has entered the European market through the acquisition of Automicle Holding BV in the Netherlands.

This strategic move marks MTI's first international expansion, as the company seeks to replicate its zero-commission, community-led mobility model in European cities. The acquisition addresses the global challenges faced by urban mobility systems, including high platform commissions, fragmented public transport integration, and limited control for city authorities.

MTI has achieved significant milestones, having completed over 150 million trips across its platforms and enabled more than Rs 2,500 crore in driver earnings without charging commissions. The company's apps, including Namma Yatri, integrate auto, cab, and public transport services, with a focus on city-level partnerships.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Automicle, a digital mobility solutions provider based in the Netherlands, develops parking systems and integrated public transport platforms. The company works with city authorities across Europe, focusing on interoperable, standards-based infrastructure. The partnership between MTI and Automicle will enable faster adoption of open mobility systems in Europe, while bringing European expertise in parking and integrated mobility to India.

This acquisition comes amid increasing collaboration between India and the European Union on digital public infrastructure and sustainable urban mobility, alongside ongoing discussions around a free trade agreement.