Point Five Ventures acquires Axel Metro to shake up car sharing market

27th September, 2024, Dublin

Point Five Ventures has acquired Axel Metro Limited in a bid to enter the car sharing marketplace in Europe and in the United States.

The agreement strengthens the company's capacity to service personal transport investments and enhance membership services through streamlining user experiences and providing innovative features that could potentially attract more customers, especially in the e-mobility-as-a-service space.

E-mobility as a service (EaaS) is an emerging concept that integrates electric mobility solutions into a cohesive service model. It typically involves providing users with access to various electric vehicles—like e-bikes, e-scooters, and electric cars—through a subscription or pay-per-use model. Point Five Ventures not only plans to invest in this fast growing market, but leverage its digital assets technology to provide customers with a new monetization model that incentivizes continuous usage. This could lead to a more competitive and user-friendly car-sharing market.

Point Five Ventures will be able to leverage Axel Metro's mobility-as-a-service platform for a variety of applications outside of electric car technology thanks to the knowledge transfer. Although the company has not disclosed those features, the acquisition may lead to a new wave of e-mobility services that focus on launching in the premium car sharing membership market next year in order to increase value through digital assets.

Here are some key aspects of the technology and its features:

1. Integration: EaaS platforms often combine multiple modes of transport, allowing users to seamlessly switch between different vehicles based on their needs.

2. Sustainability: By promoting electric vehicles, EaaS contributes to reducing carbon emissions and supporting sustainable urban mobility.

3. Convenience: Users can access vehicles on demand through mobile apps, making transportation more flexible and accessible.

4. Cost-Effectiveness: EaaS can reduce the financial burden of ownership by offering flexible pricing models that align with users' actual usage patterns.

5. Data-Driven Insights: Providers can gather data on user behavior to optimize services and improve the overall user experience.

   
   

Please note: this model is particularly relevant in urban areas where traditional car ownership may not be as practical.

For more information on e-mobility projects and investments please contact us on +1 718 682-4545 or drop us a line info@pointfive.ventures.