Oil and Gas Conglomerate Invests in Masabi—and Public Transportation

Written by William C. Vantuono, Editor-in-Chief

Masabi, a global developer of FPaaS (Fare Payments-as-a-Service) for public transport, on Feb. 6 announced that it has finalized an investment from Shell, among the world’s largest oil and gas companies. “This investment will help support the global expansion of Masabi’s Justride platform, which is bringing cutting-edge ticketing technology and enabling Mobility-as-a-Service (MaaS) for public transport operators and authorities of all sizes around the globe,” the company said. Masabi and Shell did not disclose the terms of the investment.

This content is for paid subscribers only.
Login Join Now
Tags: , ,