KIRKLAND, Wash. and PORTLAND, Ore. – November 13, 2023 – INRIX, Inc. announced it has signed a letter of intent to acquire Ride Report.
Ride Report is a shared mobility management platform. It helps cities launch, manage, and evaluate shared scooter, bike, and car programs. Ride Report’s software tools support more than 75 public agencies across three continents. These tools enable users to manage policies and compliance, analyze historical travel patterns, and track and invoice operators for fees. Additionally, the software offers more functionalities.
Acquisition of Ride Report will cement INRIX as the preferred provider of connected transportation device data and insights.
With the addition of bicycles, ebikes, e-scooters, carshare, and micromobility freight data provided by Ride Report’s industry-leading platform, INRIX now delivers a comprehensive set of mobility insights. This helps agencies make and execute policy decisions to better manage the public right-of-way. The acquisition also expands the breadth, depth, and convenience of INRIX IQ. This is a SaaS offering INRIX provides to agencies like the City of Austin, the San Francisco Bay Area Metropolitan Transportation Commission, the Washington, D.C. Department of Transportation, and many more.
“For nearly two decades INRIX has been focused on analyzing and facilitating the movement of people and goods around the world. Moreover, we’re excited to now include shared mobility in INRIX IQ. This has become an important area for many cities” said Bryan Mistele, president and CEO of INRIX. “Fueled by an unrivaled set of breakthrough technologies and a talented staff, INRIX, together with Ride Report. It will provide customers with industry-leading multimodal mobility intelligence worldwide.”
“Our mission has been steadfast. We aim to use the power of data to accelerate the global transition to sustainable, equitable, and efficient transportation systems,” said, Michael Schwartz, CEO of Ride Report. “By joining INRIX, we can achieve that mission faster and more effectively. This involves providing public agency staff with the highest-quality multimodal data and insights in the industry. Moreover, Ride Report’s shared mobility data ensures that staff have insights from bikes, scooters, and other new mobility vehicles alongside INRIX’s unique car, freight, and curb data products. This creates a new level of understanding of the complete right of way when making critical infrastructure and policy decisions.”
In the global shared micromobility market, ridership in 2022 exceeded pre-pandemic levels. Ride Report built the industry’s first, most comprehensive, and intuitive tools to support agencies. These tools help visualize system performance at scale, enforce permits, invoice operating fees, and understand key performance indicators before and after infrastructure improvements. The global market for micromobility management solutions grew to above 400 cities, increasing more than 33% from 2021. It also rose by 27% compared to the figures recorded in 2019. Ride Report’s product is a vital asset in a rapidly growing suite of INRIX services. It helps public agencies reach their mobility outcomes.
“We have established a strong partnership with Ride Report for more than seven years. Moreover, this collaboration has played a crucial role in expanding our approach to managing shared scooters, bikes, and cars in Portland,” said Jacob Sherman, New Mobility & Electrification Program Manager at the City of Portland’s Bureau of Transportation. “We eagerly anticipate sustaining our partnership, integrating curb, freight, and car traffic data into tools pivotal for 21st-century right-of-way management and smart cities planning.”
News related to INRIX –
