Faxi is delighted to announce that it has been selected as one of just six startups to work with Transport for London (TfL) in an initiative which aims to reduce traffic congestion in the capital.
Selected by Nitrous, the Tech City Ventures initiative aimed at promoting collaboration between startups and local government, Faxi will be working on a new three-month innovation initiative that could help reduce congestion on London’s thronging streets by promoting carpooling as a sustainable alternative.
Faxi will be working with the transport authority on a range of masterclasses, mentoring sessions and networking opportunities, as they test market viability and forge new short and long-term collaborations to bring carpooling and ridesharing mainstream.
Selected from ‘several hundred’ applicants, Nitrous chose Faxi for its innovative initiative to change the way commuters travel to and from work, reducing single occupancy vehicles and offering incentivised parking for ridesharers.
Perhaps most promisingly for Faxi is the possibility of gaining an audience with C-level executives from major firms including Vodafone, Aston Martin and IBM, who will be on hand to provide advice and guidance, and be given early access to new technologies.
George Johnston, Chief Executive Officer of Tech City Ventures, commented: “Tackling mobility is critical to London’s growth and something we all experience first-hand whilst navigating the capital.
„It’s an exciting place to begin in the smart city model and we’re excited to be working with the world’s leading transport authority to make an impact.“
Stuart Reid, Director of Travel Demand Management at Transport for London, said that the programme was just one of a number of measures that the transport body was looking into so that it can make better use of its open data sets.
He said: “As London grows and changes, we are continually looking for new ways to help our customers and extract better value from our open-data feed. I look forward to seeing the innovation and ideas that these startups generate and develop throughout this exciting initiative.“