Transportation is essential to economic and social development since it facilitates the movement of people and goods. However, burgeoning populations and growing urbanisation paralleled by the surging demand for mobility has overburdened transport networks, particularly in urban areas. Such pressures have also intensified problems related to pollution and congestion.

New mobility business models, enabled through technology and accessed primarily through smartphones, have emerged in response to these challenges. In many cases, such models are upturning conventional notions of car ownership or lease, replacing them with a new wave of services ranging from carsharing, ridehailing and integrated mobility.

These new models are, in the process, improving the efficiency of transportation networks and supporting the seamless integration of several mobility services, making travel within cities easier for people.