February at Meep
February has been a month of meaningful connections and thought leadership at Meep. Our CTO I?igo Herzog Sánchez delivered an insightful presentation at the ITS Spain Congress, highlighting our innovative approach to mobility challenges. We also hosted another successful edition of our Mobility Brunch series with Hoop Carpool . Our CEO's thought-provoking analysis on Transport Adequacy has sparked important conversations about rethinking urban mobility solutions. As we prepare for the upcoming #TTG2025 event in London, we're excited to continue expanding our presence in the global mobility ecosystem and sharing our vision for the future of transportation.
Industry pulse: February insights
ICYM, here's our analysis of the 3 most significant mobility sector news items that shaped the transportation landscape this February.
Bill Ackman Invests $2 Billion in Uber
Investor Bill Ackman has built a $2+ billion stake in Uber, coinciding with the company's strong 2024 performance. Uber reported impressive growth with trips up 19% YoY, gross bookings and revenue increasing 18% to $162.7B and $44B respectively. The company achieved profitability on adjusted EBITDA and free cash flow metrics. Mobility remains the core business at 51.6% of gross bookings with an improved 30.3% revenue margin, while delivery services showed steady growth with margins rising to 18.7%. Ackman's substantial investment reinforces confidence in Uber's business model and future growth trajectory.
Lime's Fleet Expansion Drives Record Profits
Micromobility leader Lime has reported record profitability following strategic fleet expansion in key markets. The company's focus on operational efficiency and growing demand for sustainable urban transportation have strengthened its position in the shared mobility sector. Lime's success highlights the micromobility industry's maturation and its increasing importance within comprehensive urban mobility ecosystems.
London Taxi Drivers' Knowledge Outperforms AI
Bloomberg reports that London taxi drivers' cognitive mapping abilities can still outperform AI. By memorizing "The Knowledge" (25,000 streets and 20,000 landmarks), cabbies develop enhanced spatial reasoning that physically enlarges their hippocampus. While seemingly niche, this directly impacts our journey planning work at Meep. Understanding how experienced drivers navigate—considering time-of-day variables, disruptions, and local insights—provides valuable lessons for improving our routing algorithms.
??? Meep at ITS Spain Congress in Madrid
Our CTO I?igo Herzog represented Meep at the ITS Spain Congress in Madrid this month, participating in a dynamic roundtable discussion on the evolution of "Mobility as a Service" and the ongoing transformation as we build interoperable mobility ecosystems based on data space frameworks. The debate featured representatives from leading organizations including NTT DATA , EMT Madrid , CTAG – Centro Tecnológico de Automoción de Galicia , and Inetum .
?? Mobility Brunch with Hoop Carpool
Our February Mobility Brunch featured engaging discussions with Adrià Aguado Lorente from Hoop Carpool , who brings valuable perspective as a former entrepreneur in the MaaS industry. We explored the challenges and opportunities in scaling carpooling services within urban environments and discussed potential integration points between our respective platforms.
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?? Transport Adequacy: A New Perspective
Our CEO recently published a thought-provoking article on Transport Adequacy, challenging traditional approaches to mobility evaluation. The piece explores how transportation fundamentally shapes our daily experiences beyond merely connecting points on a map. By examining mobility through the lens of human experience rather than technical efficiency alone, this framework offers a more inclusive and comprehensive method for assessing transportation systems.
Looking ahead, we're excited to announce our participation in the Transport Ticketing Events #TTG2025 event in London during the first week of March. Our team looks forward to sharing these cutting-edge perspectives and connecting with industry leaders to advance the conversation on human-centered mobility design.
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