Transit networks require frequent and complex operational decision making, yet today most decisions are not informed by data.
A transit platform for transport operators and cities
Supply, demand, financials
Actions to optimise recourses to achieve KPIs
Decision making and operational management
Starting with Micromobility
Micromobility (bike and scooter sharing) requires high-frequency decision making to rebalance the network. Vennle's MVP analyses, automates and optimises micromobility services to direct vehicle redistribution.
The shared micromobility market in China, Europe and the United States could reach $300 to $500bn by 2030 (McKinsey).
Estimated size of micromobility market, by region, in 2030 $
The Larger Market:
We’re starting with micromobility, bike and scooter sharing, as a means of demonstrating our capabilities in a high-growth market with ever increasing operational complexity - micromobility operators are in need of Vennle’s Transit Platform.
However, these challenges are common to all transport modes and so Vennle's grand plan is ‘go multimodal’. We will deliver Vennle’s AI software to other transit services, such as buses, taxis, car-sharing and other intra-city applications.
Data Analytics Platform
Vennle's machine learning model improves itself with more operators and cities
SaaS analytics model enables all cities and transport operators to add advanced tech capabilities
Vennle is focused on delivering clear operational decisions informed by data
Addressing environmental sustainability by improving public and active modes of transport
Monetising data insights enables competitive pricing to serve all customers
Vennle has access to excellent data science and software talent in Edinburgh and the UK
L-R: Jack Noble, Daniel Carbonell
Co-founders: Jack and Daniel
Jack and Dan worked together as Engineering students at The University of Edinburgh and met as leading committee members for the HYPED Hyperloop Team. Both have a strong knowledge of the future mobility industry, technical innovation and management, and have a fantastic network of mentors and specialist advisers.
Jack has a variety of experience in the transport sector. In 2017, he won The Telegraph STEM Awards for Innovation as chosen by McLaren having proposed an Autonomous Vehicle subscription model. Jack joined HYPED where he led the sponsorship efforts to raise £120k, plus £125k in-kind, for the SpaceX competition; there, Jack also performed research into Hyperloop airport integration and Mobility as a Service.
Dan gained experience at Cirrus Logic as a Software Engineering Intern before joining the HYPED team, where he was promoted to Technical Director within one year. Dan managed a team of 80 engineers and computer scientists to build a functioning Hyperloop Pod prototype for SpaceX’s competition to place 6th of 600 worldwide.
Future Industries and Applications
The long term vision for Vennle will be to innovate across the various applications and industries mentioned below, all of which experience common challenges and could unlock enormous value and opportunity with technology.
Expanding Vennle’s offering beyond micromobility to provide transport analytics for other intra-city modes.
Applying transit optimisation and automation tech to supply chain and delivery networks.
Mobility as a Service
Supporting Vennle's Transit Platform through partnerships with MaaS operators. Providing complete transit management through optimised transit supply and guided traveller demand via Vennle + MaaS symbiosis.
Offering insight into cities’ movements with expanded datasets and multi-channel optimisation.
Simulating transit demand for new infrastructure using multimodal data.