Optibus Ltd, a Tel Aviv-Yafo, Israel-based company that develops and provides optimization software for public transportation planning and management, received an investment from Volvo Group Venture Capital AB.
The amount of the deal was not disclosed.
As part of Volvo Group, Volvo Group Venture Capital’s investment in the company accelerates the digitalization and electrification of the global public transportation sector. Optibus and Volvo Group will collaborate to create mutual strategic learnings and growth opportunities.
Led by Amos Haggiag, CEO and co-founder, Optibus offers a scalable SaaS platform for transportation planning and operations. The solution is in use in 1,000 cities in 26 countries across North and South America, EMEA, and Asia Pacific.
FinSMEs
09/07/2022