Australian ride-sharing app Mobi has been given a lift with a financial boost from NEM Ventures – the investment arm of the NEM blockchain system.
The Melbourne-based start-up, which partners with the city’s large employers to allow them to implement the carpooling app internally, is currently in its post-trial refinement stage, and will be available on iOS and Android devices at the end of this year.
The company was launched in a bid to help reduce carbon emissions and traffic congestion by putting more people in fewer cars.
David Mansell, co-founder and director of NEM Ventures, explained the Mobi project caught his eye with its ability to deploy blockchain for social change.
“By incorporating NEM Catapult, Mobi is able to utilise the protocol’s many features to provide an enhanced app experience for commuters,” he said.
“We are always looking for ways to utilise blockchain to promote social change, which is what drew us to this project in the first place.