Swiftly, a big data platform for public transit, recently announced an investment round from SMRT Ventures, the Corporate Venture Arm of SMRT, a public transport operator in Singapore. The collaboration with SMRT will enable Swiftly to expand its activities and urban mobility solutions in the Asia region.
Established in 2015 and headquartered in San Francisco, Swiftly has created the first cloud-based data platform specifically designed for public transit data and operations. It aims to keep public transportation a fast, frequent, and attractive alternative to the private vehicle. It also includes a suite of APIs that enable public transit networks to connect and integrate services with other modes of transportation.
The company works with over 80 city transit networks around the world, including MBTA in Boston, Capital Metro in Austin, VIA in San Antonio, VTA in San Jose, and MDOT MTA in Baltimore, supporting over 5,500 transit agency professionals and impacting over 1.5 billion passengers per year. Asia represents a large opportunity for Swiftly as its economies depend heavily on public transit to support rapid economic and population growth.
SMRT, Singapore’s leading public transport operator, serves more than 3 million passenger journeys daily via bus, rail, taxi, and other public and private transport services. SMRT’s investment in Swiftly (via SMRT Ventures) aims to deliver innovative technologies and new business models in urban transportation.