All city mobility services would be run on one payment processing data platform so that the rules, rates and logic servicing the vehicles spending time at the curb can be fluidly regulated. What would the ultimate smart-city technology rollout look like?įirst, a digital mobility and data platform that processes payments would form a city’s technological foundation. Thankfully, much of the data is already generated by mobile applications during payment transactions, through GPS systems, traffic data and vehicle operating systems. Keri Gohman is an operating partner at Bain Capital VenturesĬities need unified tech platforms to gain a 360-degree view into relevant data and translate all that information into meaningful insights and action. Today, a city may use as many as 15 different technologies to handle various parts of its mobility infrastructure, causing a massive management challenge. With the proliferation of new tech and modes of transportation, cities will require a holistic view of utilization as transportation evolves on the street.
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According to a recent study, motorists spend 17 hours per year searching for parking, costing $345 per driver in wasted time, fuel and emissions. Just improving parking alone would be a huge game-changer. Transportation activity has still not returned to pre-pandemic levels, which means the coming year is a one-time opportunity for city leaders to roll out technology to change street usage, add pedestrian and bike infrastructure, better manage micromobility, improve parking, carve out permanent parklets, and more. Many cities, including New York, San Francisco and Seattle, have shuttered businesses and offices for the last 18 months, resulting in changing traffic patterns, reduced public transit ridership, and an uptick in the use of micromobility vehicles. Why is now the right time to invest in startups targeting urban infrastructure? The answer, like in many aspects of life, is the pandemic. Venture capital money has poured into smart-city solutions: More than 900 smart-city startups have raised a combined $5 billion in recent years.
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That’s why I believe investments in smart-city technology, the software that helps cities manage and optimize their infrastructures, are so critical. If our transportation and mobility infrastructure is barely at passing grade today, what happens when autonomous vehicles and more shared e-scooters and e-bikes hit the streets? Politicians and city planners can do better by embracing technology to actively manage movement on streets and sidewalks. The dangerous and unregulated parking jam that ensues belongs in “The Hunger Games,” not a modern American city. A DoorDash driver, an Amazon delivery van, and a commuter-stressed and running behind schedule-have all been circling the same block or double parked for 15 minutes when, finally, a parking spot opens up.
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