Moving Tech Innovations, the parent company of Namma Yatri, has announced its acquisition of Automicle, a mobility startup based in the Netherlands, marking its entry into the European market. The financial details of the acquisition remain undisclosed.
This move aims to extend Namma Yatri's zero-commission mobility model internationally, leveraging its open and interoperable approach to urban transportation.
Founded in 2022 by Amit Pal, Mohit Mishra, and Jef Heyse, Automicle specializes in digital mobility solutions, including smart parking systems and integrated public transport platforms. The startup collaborates with city authorities across Europe, emphasizing interoperable and standards-based infrastructure.
“We have demonstrated that zero-commission models are effective. With Automicle, we are taking these principles beyond India. Cities globally are in search of a mobility model that is both open and community-driven,” stated Moving Tech Innovations’ representatives, Magizhan and Shan MS.
Namma Yatri was launched in 2022 by Juspay in partnership with the Beckn Foundation and the Auto Rickshaw Drivers’ Union (ARDU). Initially an auto-hailing platform in Bengaluru, it has expanded to several cities, including Chennai, Delhi, Kochi, Mysuru, Tumakuru, and Kolkata.
In November 2023, Juspay restructured its operations, creating Moving Tech Innovations as a separate entity that includes Namma Yatri and other mobility platforms like Yatri Sathi and Bharat Taxi. The startup has successfully raised over $15 million, including $11 million in its Series A funding round in 2024.
Over time, Namma Yatri has diversified its services, introducing cab offerings and rental options to compete with major players like Uber and Ola. It is recognized as one of the pioneers of the zero-commission model in India's ride-hailing sector.
To date, Namma Yatri and its associated platforms have facilitated over 150 million trips, generating driver earnings exceeding ₹2,500 crore without charging commissions.
This acquisition marks Namma Yatri's first venture into international markets. Previously, the company had expressed intentions to enter the US market, engaging with various taxi unions, although no recent updates have emerged on that front.
In the Indian market, competition in the ride-hailing sector is intensifying. While Rapido, a unicorn backed by Prosus, leads the market, Uber is shifting its focus to diversify its offerings. Recently, Uber announced the cessation of its shuttle operations in Delhi NCR to concentrate on B2B employee transportation.
Additionally, Uber has partnered with ixigo-owned AbhiBus to launch intercity bus ticketing services in India, further expanding its service portfolio.
Meanwhile, Ola, a competitor to both Uber and Rapido, is experiencing a decline in market share, facing competition from both established players and new entrants like the government-backed Bharat Taxi, which was launched to empower cab drivers.
As of March 2026, the Bharat Taxi app has achieved over 2.7 million downloads, indicating strong initial traction in the Indian ride-hailing market.
Looking ahead, India's ride-hailing and mobility market is projected to reach $34.87 billion by 2031, with an increasing emphasis on sustainable economics and a shift from commission-based models to subscription-driven approaches.
