London startup to ‘democratise’ transport services with six-figure funding
A London startup focused on the democratisation in transportation services has secured six-figure funding to expand sustainable transport.
Transreport has been awarded £410k from the DfT in partnership with Innovate UK as part of the First of a Kind (FOAK) competition, which aims to make the railways cleaner, greener and more passenger friendly.
The investment represents the third tranche of funding received by Transreport from the FOAK competition and takes the total investment from DfT in the startup to just over £1m.
Following a “very healthy competition which was significantly over subscribed”, the DfT and Innovate UK selected 30 projects to share £9m investment - two of which are projects from Transreport.
The first will enable Transreport to develop its Passenger Assistance rail app - which launched nationwide in May. The funding will be used to develop the app to allow for the real-time automatic validation of accessibility equipment/facilities availability while booking.
Transport Secretary, Grant Shapps, added: “I am delighted to announce the winners of the 2021 First of a Kind competition. These winners will hopefully play a role putting passengers at the centre of our railways as we build back better from Covid-19.
“The competition always throws up surprises and the ideas shown today could transform how we travel in future.”
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