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- OV Loop Acquires Skipti to Enhance Sustainable Transportation Services
OV Loop Acquires Skipti to Enhance Sustainable Transportation Services
Slice of Retail Team
July 29, 2024
Key Highlights:
OV Loop acquires Skipti, enhancing sustainable transportation services.
Integration with OV Loop SuperApp for efficient smart EV access.
Focus on profitable and flexible ride hail and delivery services.
Strengthened team with Skipti's CTO Michael Arner joining OV Loop.
Commitment to innovation, building America's SuperApp commerce network.
Source (Business Wire)
Notable Quotes:
"We are excited to welcome Skipti into the OV Loop family. They align perfectly with our vision to facilitate frictionless commerce and sustainable transportation to power our physical and digital economy. Together, we will work with drivers, retailers and MNC partners to deliver great user experiences with superior unit economics.”
“OV Loop’s approach is wonderfully aligned with Skipti’s mission and will help scale profitable and sustainable transportation offerings for OV Loop’s partners & customers--while bringing the full suite of OV’s SuperApp Payments and Concierge Services to partners served by Skipti.”
Our Take:
The acquisition of Skipti by OV Loop represents a significant step towards revolutionizing the transportation sector, particularly in the context of ride hail and delivery services. By integrating Skipti's capabilities with the OV Loop SuperApp, the company is poised to offer a seamless and efficient experience for both drivers and consumers. This move not only enhances the profitability and flexibility of transportation services but also aligns with the growing demand for sustainable solutions. OV Loop’s strategic approach and continuous innovation in building a comprehensive commerce network underscore its commitment to transforming the digital and physical economy.