The funds acquired will be utilised in MaaS (Mobility as a service) implementation for Bengaluru and Delhi, with plans to take this to over 10 cities.
22 Jun 2023 | 5214 Views | By Autocar Professional Bureau
Tummoc, a Bengaluru-based multi-modal connectivity platform, has raised US$1 million in a Pre-Series A Round led by Inflection Point Ventures. The funds will be used for the recruitment and training of personnel, and the development of technology and software, besides marketing and administrative requirements.
Tummoc is a comprehensive ...
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Tummoc, a Bengaluru-based multi-modal connectivity platform, has raised US$1 million in a Pre-Series A Round led by Inflection Point Ventures. The funds will be used for the recruitment and training of personnel, and the development of technology and software, besides marketing and administrative requirements.
Tummoc is a comprehensive transit technology platform that offers multi-modal connectivity solutions to State Transport Authorities. It incorporates features such as intracity journey planning, online bus and metro bookings, enabling first to last mile connectivity on a single app.
Rahul Wagh, Managing Director, Inflection Point Ventures said, “Urbanisation brings with it related challenges of traffic and pollution as experienced in large cities of other developed nations like US, UK, etc where use of public transportation is far more prevalent. We expect a similar shift in major Indian metros as well. The government is doing its part with improving the overall infrastructure and ideas like Tummoc are expected to play a big part in this process. This platform offers all the key services needed for local travel.”
Hiranmay Mallick, CEO, Tummoc says, “We're grateful to have completed our pre-series-A round. The funds acquired will be utilised in MaaS (Mobility as a service) implementation for Bengaluru and Delhi. MaaS integrates multiple modes into a single journey ticket. This includes the first, middle and last mile. It will enable 15 million daily commuters across Bengaluru and Delhi to avail of a single mobility ticket. Next, we plan to take this to 10+ cities.”
Additionally, Tummoc will enable ITM (Integrate Transport Management) for key state and city transit agencies to help them digitize their transit infrastructure, thus building Transit for India, he added.