Business Opportunities: Mobility
The revolution in the mobility industry is undeniably transforming the way we move around. In a recent interview with Jorge Jurado, co-founder of World Wide Mobility, conducted by Eduardo Bayo, CEO of Inventario.pro, crucial topics were explored that give a steady vision of the future of global mobility. From subscription models to decarbonization and digitalization, the mobility landscape is undergoing great changes.
Development of Applications and Integrated Platforms
The future of the automotive industry is strongly linked to the development of integrated mobility applications and platforms, promoting new business opportunities. Digitalization and decarbonization have become key points for the evolution of the mobility sector.
New Forms of Mobility
The concept of ¨mobility¨ is constantly evolving, highlighting the growing popularity of concepts such as car subscriptions and 100% digital car rentals.
In this new decade, mobility is no longer just about owning a vehicle, but about having access to various transportation methods in a flexible and efficient way that meets the needs of the new society.
Ride-hailing
Vehicle service with a driver that is requested through applications such as Uber or Cabify.
Free floating
Shared vehicle rental service by the minute, distributed in designated areas of the city without fixed stations. This model applies not only to “Car-Sharing” automobiles, but also to other forms of transportation, such as “Moto-Sharing” motorcycles, “Bike-Sharing” bicycles, and “Scooter-Sharing” scooters. For example, Cooltra, Lime, Voltio, Bicimad, etc…
Station-based
Shared vehicle rental service by minutes/hours, with pick-up and drop-off at specific parking lots such as Ubeeqo and GoTo.
Rent-a-cars
Vehicle rental service for days with services such as AVIS, Centauro, etc…
Long Term Renting / Leasing
Vehicle rental for extended periods, 24-48 months or more, providing a long-term solution. For example, Enterprise and Vamos.
Vehicle Subscription
The Fusion of Models Hybrid model between long-term renting and traditional rent-a-car with options. For example, Bipi, Mondocar and Revel, providing flexibility and tailored commitment.
Changes in the mobility Business Model
Companies across various sectors are exploring alternative sources of income, moving away from traditional car ownership. The rentals and the subscription models in the mobility industry are generating a radical change in revenue, challenging the traditional rules of the game.
Expansion of car subscription models
The evolution of vehicle subscription models has been in constant growth since 2017, with the emergence of pioneering services such as Bipi. This innovative approach has rapidly gained popularity in recent years, driven by socioeconomic and generational changes in the mobility sector. The flexibility and adaptability that come with these type of service models have been key to their success, effectively responding to the changing preferences of today's consumers.
The pillars of the mobility of the future
- Sustainable mobility: clean and decarbonized mobility, focused on sustainability.
- Digital mobility: technology as the basis of mobility.
- Social mobility: focused on people, affordable, adapted and flexible to the new needs of society.
- There is less and less public space for private vehicles.
Software and Hardware: World Wide Mobility’s Technology
The software and hardware solutions that World Wide Mobility offers to address the new business models that are emerging in the mobility sector: WWM’s modular platform allows customers to customize and launch various services, from car-sharing models to vehicle subscriptions.
With an integrated approach, both hardware and software are combined to deliver a seamless experience. The World Wide Mobility modular platform enables the incorporation of new modules to adapt to the changing mobility market needs. Companies like World Wide Mobility are the architects of future mobility, allowing brands to sculpt their identity in the ever-evolving landscape of mobility.
Mobility is constantly transforming, in the interview is revealed that companies that manage to adapt to these changes will position themselves for future success. The mobility industry is opening new doors of opportunity. The key lies in understanding and embracing emerging trends to lead the mobility revolution in the next decade.