To succeed in the mobility business, companies need scale – and they need it fast. Representatives from Spanish financial services firm CaixaBank, vehicle manufacturer Kia in Slovenia and UK online platform provider Finalrentals discuss how they are ramping up their mobility businesses.
The battle for supremacy in the emerging mobility business is heading to be clash of giants.
“In mobility, scale matters,” says Amelia Bradley, associate partner at Corporate Value Associates (CVA).
The mobility ecosystem is becoming so broad and diverse that companies looking to dominate the business will need substantial reach and resources. A confluence of powerful trends, such as the spread of digital technologies, the rise of electric vehicles and the surge in associated mobility services, is opening an array of new markets. They stretch from traditional car sales and fleet management facilities and a growing number of financing options through to multiple mobility-as-a-service offerings, data platforms and advanced decision-support for travelers. Few companies currently have the capabilities required to build a strong presence in more than a fraction of those markets.
