The company will partner with cities and governments to augment public transit systems with on-demand, door-to-door service.
"Mobility within and across our cities is the lifeblood of our economies and social fabric. It provides access to jobs, healthcare, education, and our loved ones," said
Argo's solution is the first to integrate custom software with vehicular hardware to create a network of intelligently routed vehicles that work together to serve and scale real-time to the needs of entire cities. People will be in control of their mobility with a simple mobile app delivering on-demand, door-to-door service that is fully integrated with existing transit lines and systems.
Argo will soon launch within the greater
How it's different
Today, 50 percent of commuting time is spent on 10 percent of the distance due to time spent walking, biking, or driving to the nearest transit line and then waiting for the next scheduled stop. By picking people up at their door via its simple on-demand app, Argo will eliminate the need to walk or wait, driving increased ridership to existing transit lines and taking cars off the road. Argo is providing cities, transit agencies, and governments with an end-to-end, vertically integrated solution including vehicle hardware, software, charging, and operational support.
Why it matters
With rapid population growth and global urbanization, the congestion on our roads and time lost in traffic are only set to get worse in the coming decades. Argo will take cars off the road by making public transit the most convenient way to get around. Putting people in control of their mobility will enhance access to jobs, healthcare, education, and their loved ones. A future where public transit is the most efficient way to get around within and across cities is one where our communities are quieter, cleaner, and more prosperous for everyone.
The team
Argo's team and board bring senior leadership experience building the world's leading technology and mobility companies including Tesla, Uber, Facebook, and
Founders, board members and leadership include
Learn more about Argo and its technology and team at www.rideargo.com and follow the company on LinkedIn and Instagram for updates.
About Argo
Argo is a new technology venture delivering the first-ever vertically and publicly integrated city transit system designed to augment public transportation and create a network of intelligently routed vehicles that work together to serve and scale to the needs of entire cities, putting people in control of their mobility. You can learn more at www.rideargo.com.
Forward-Looking Information
This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, as described in more detail in the Company's securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither the
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