There are currently 300 million cars in Europe, and over half of all car trips are less than 5 km. These could be replaced by other mobility solutions. Studies show that shared mobility can reduce the car fleet by one third, saving EUR 33 billion in traffic congestion and 460 million tons of CO2 emissions annually.
But the big increase in shared mobility operators has created a new problem, a complex and fragmented market with hundreds of mobility operators in Europe, causing confusion amongst the users and reducing the adoption rate.
Cogo gathers shared electric scooters, bikes, cars and mopeds from 250 mobility providers into one app, including Donkey Republic, Green Mobility, Voi, Tier and Lime. The purpose is to provide a full-service platform where users can find, unlock and pay for all shared rides in one single app.
KEY CUSTOMERS & INTERNATIONAL PRESENCE
Cogo is currently operating in more than 100 countries, with the primary markets being Scandinavia, Italy, Spain, Germany and France. Cogo’s business model is both B2B and B2C.
The founding team were originally involved in building the travel platform Momondo, and are now seeking to revolutionize access to shared mobility. Both on a cofounder and board level, Cogo has a third female representation.
Unique selling point
Cogo has the best operator coverage in Europe and the world's most comprehensive price comparison tool for shared mobility.
In April 2021, Japanese authorities partially eased regulations on E-scooters, and so the shared mobility market in Japan is expected to expand rapidly in the near future, presenting a huge opportunity for Cogo to unleash the full potential of shared mobility.
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