Fark Labs is proud to announce that Optiyol, a route optimization startup, has received an investment from EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union. This investment is received with the assistance of EIT Urban Mobility RIS Hub Turkiye’s Innomotion Urban Mobility Scale-up program. This is an exclusive grant program for startups supported by EIT Urban Mobility funded accelerator programs across Europe such as the Innomotion Urban Mobility Scale-up program.
Fark Labs invested in Optiyol in 2021 and this additional funding will support Optiyol’s expansion into the European market. “We are proud to continue our relationship with EIT Urban Mobility RIS Hub Turkiye,” say Optiyol co-founders Tuba Gözbaşı and Ozan Gözbaşı. “It is an honor for us to receive this investment because it shows that we have reached one of our most crucial targets as being a bridge between Turkiye’s and Europe’s urban mobility ecosystem. We hope that this will inspire the Turkish startup ecosystem to be involved in EIT Urban Mobility’s activities.”
“Working with the biggest logistics firms in Turkiye, Optiyol will now be able to help carriers and retailers across Europe improve their fleet selection, order allocation, and visit scheduling to reach their customers on time and on budget.” said Omer Hantal, Fark Labs Funds and Strategy Manager. “Thanks to EIT Urban Mobility’s investment and extensive network, Optiyol will now be able to pursue important strategic partnerships and bring more innovation to the logistics space across Europe.”
The Innomotion Urban Mobility Scale-up programme is organized by EIT Urban Mobility RIS Hub Turkiye, a consortium led by Fark Labs – Farplas Automotive in partnership with Sabanci University and PwC Turkiye. The program aims to increase the awareness of urban mobility in Turkiye and connect local stakeholders with the international EIT Urban Mobility community. “In 2022, EIT Urban Mobility RIS Hub Turkiye will continue to grow the Innomotion program with more unique opportunities for Turkish startups within the EIT Urban Mobility ecosystem. We will continue to build a bridge between Europe and Turkiye, and assist Turkish startups in getting support and funding from EIT programmes.” said Emre Elmas, EIT Urban Mobility RIS Hub Turkiye Coordinator.
About EIT Urban Mobility
EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union, aims to accelerate solutions and the transition towards a user-centric, integrated and truly multimodal transport system. As the leading European innovation community for urban mobility, EIT Urban Mobility works to avoid fragmentation by facilitating collaboration between cities, industry, academia, research and innovation to solve the most pressing mobility challenges of cities. Using cities as living labs, its industry, research and university partners will demonstrate how new technologies can work to solve real problems in real cities by transporting people, goods and waste in smarter ways.
About EIT Urban Mobility RIS Hub Turkiye
EIT Urban Mobility RIS Hub Turkiye is led by Fark Labs – Farplas Automotive in partnership with Sabanci University and PwC Turkiye to increase the awareness of urban mobility in Turkiye, share new Turkish urban mobility technologies, and connect local stakeholders with our international EIT Urban Mobility community. Furthermore, we provide startups with mentorship, knowledge, networking, access to funding, and matchmaking with EIT ecosystem partners, among others. To find out more about Fark Labs and EIT Urban Mobility RIS Hub Turkiye, you can visit: https://www.farklabs.com/focus-areas/mobility/eit-urban-mobility-ris-hub-turkiye
About Innomotion
Innomotion is an urban mobility scale-up project under the support of EIT Urban Mobility. We accelerate urban mobility startups, and help them connect and develop by collaborating with other EIT Urban Mobility accelerator programs, the Fark Labs Better Future Path program, and the Urban Mobility Living Lab in Istanbul. For more info, visit https://innomotionproject.eu
About Optiyol
Optiyol optimizes city logistics for better service and lower cost. Our solutions both automate and optimize transportation planning decisions with state-of-the-art machine learning and optimization algorithms. Carriers can optimize fleet selection, order allocation and visit scheduling with Optiyol to reach their customers on time and on budget. Optiyol saves its users 20% in fuel costs, 7% in capital investment, and brings a sweet 3% increase in sales. You can learn more about Optiyol at https://www.optiyol.com
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