Modeshift

Modeshift, Inc. is a leading technology company that specializes in providing intelligent transportation services to transit agencies. Тhe innovative solutions are built on the robust Microsoft Azure cloud platform and delivered as a Software as a Service (SaaS). The Modeshift platform consists of Account-based Fare Collection, Mobile ticketing, CAD/AVL, Real-time Passenger Information, electronic validators, emissions measurement and reporting, integration of TVMS, fare gates, people counters and other ancillary systems. That shapes a comprehensive offering for digitallization of all processes in the public transport in a city. With a team of 60 highly experienced professionals, Modeshift has successfully transformed the way people commute in more than 32 cities across the United States and two European countries. With $1.5M ARR contracted; $10M revenue in 2023 and 2x lower TCO compared to competitors with 5x lower direct cost​, Modeshift runs a negative churn business that is projected to reach gross margins of 90%.