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Real-time transit can be a dilemma for municipalities that lack scalable infrastructure. Tasks like routing, timing, and asset management are tough to optimize without a system for moving the necessary pieces into place. And with the number of heavy-duty transit buses expected to surpass 57,700 in countries like China by 2022 and congestion in some major cities on the rise, transit planning isn’t likely to become easier anytime soon.
That’s where Tel Aviv, Israel-based Optibus aims to make a change. The startup, which emerged
TEL AVIV, Israel, March 10, 2021 /PRNewswire/ — Optibus, the cloud-native AI platform for planning and operating mass transportation, announced today that it has raised $107 million in a Series C round, co-led by Bessemer Venture Partners and Insight Partners. The funding comes as Optibus is launching one of its most significant updates: the Geospatial Suite, which significantly improves transportation networks and transit equity through the use of data-driven planning.
Optibus will use the funding to continue expanding its global presence and enhance product capabilities such as optimization and artificial intelligence algorithms that improve mass transit for passengers
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