Boston Is Emerging as a Center for Mobility Innovation
It goes without saying that mobility – the movement of people and goods – is an incredibly hot space. Start-ups are cropping up across the entire value chain as significant capital is deployed by incumbent strategic investors, mobility-specific funds like Fontinalis and BMW iVentures, as well as general tech funds looking to get in on the action. While headlines debate whether the nucleus of mobility innovation is Silicon Valley or Detroit, Boston’s entrepreneurial ecosystem has not only churned out an impressive array of start-ups but has also attracted established businesses seeking innovation and research talent. The included graphic primarily highlights the mobility-as-a-service (MaaS) players, representing a snapshot of the businesses that are solidifying Boston as a driving force in the mobility space generally.
The region’s strengths as a mobility player are arguably under the radar. Recently, Héctor Naves Sordo visited Boston to investigate the local scene on behalf of Swiss Re, a large re-insurance company that set up a local presence in 2016. Héctor shared his astonishment at the depth and breadth of the ecosystem, “I came to Boston to explore the AVs and IoT technology landscape and was blown away. We hear so much about Silicon Valley as a hub of innovation. It was energizing to discover an East Coast counterpart that is exploring the future of mobility, connected cars and AVs, topics that Swiss Re is monitoring closely as they will impact motor insurance and society in general.” Boston’s own insurance behemoth, Liberty Mutual, also has a group dedicated to future mobility and recently released an open API portal that combines public transportation data with proprietary insurance knowledge to power new products.
Local investors are engaging as well – some have been doing so for several years. Chris Cheever, who leads the Boston office of Fontinalis Partners, a mobility-focused venture capital firm says, “The talent pool here – both academic and entrepreneurial – provides fertile ground for the kind of innovation that is going to take mobility into the next generation and beyond. We recognized this early on, which is why we established our firm with both Boston and Detroit offices in 2009. We’re seeing more investors scouring Boston for mobility opportunities. Of our current portfolio of companies, approximately 25% are headquartered or originated in the Boston area, and as much as 50% have significant operational presence here. It really is a tremendous environment for mobility startups.”
The Boston Mobility Roundtable, an informal coalition of regional private sector companies, came together in late 2016 to support regional visibility and growth opportunities with respect to mobility. Recently, public sector officials from the MBTA, City of Boston, MassDOT and MassPort joined the Mobility Roundtable for an open discussion on the best ways to connect and collaborate. Kris Carter, Co-Chair of the City of Boston Mayor’s Office of New Urban Mechanics said, “We are fortunate to have such a thriving innovation ecosystem in Boston, and we see our role as a champion for the sector and key collaborator in helping unlock new opportunities for the people of Boston. Whether that is providing consultation, test beds, or pilot program opportunities, it’s critical to work cooperatively in providing new mobility choices in an equitable way across the city.”
While transportation programs, infrastructure and norms are largely regional, transportation challenges are universal. Localizing innovative new mobility thinking or concepts for a city’s particular needs can create a ripple effect that expands our collective thinking. Already, mobility enthusiasts from Austin, Washington, DC, Silicon Valley and Detroit have been hand raisers to collaborate with Boston area efforts. Sharing solutions and learnings from programs conducted here (or carried out by Boston-based companies elsewhere) is just one way that Boston can continue to solidify its reputation as a center for mobility innovation.
On June 20, 2017, one hundred and twenty mobility leaders will convene in Cambridge, Massachusetts to discuss the future of mobility in the Boston region at the Boston Mobility Summit. This summit aims to harness the ingenuity and innovation already underway in the Commonwealth as well as the expertise of invited global thought leaders with best practices directly applicable to Boston’s challenges.
This day-long leadership summit will bring together C-suite executives from the private sector and public sector, non-profit leaders, entrepreneurs and academics to share local and global best practices applicable to the Boston region. The focus will be on transformative new technologies, policies, financing mechanisms, design and collaboration models with a particular focus on low-carbon and equitable solutions.
If you are interested in attending this invite-only summit, please fill out this application: http://cityminded.org/boston-application.
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Spotlighting innovations in urban sustainability and connected technology
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The potential of MaaS has been recognised around the world. In the UK, the government has included MaaS within its transport strategy. An expert committee of Members of Parliament concluded that MaaS has the “potential to transform how people travel” by boosting public transport, reducing congestion, and improving air quality.
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If you believe AVs are coming eventually, the time to start getting ready is now, even if you believe human drivers will remain dominant for many decades. The steps outlined here are important support for the alternative to SOV, of expanding mobility-as-a-service such as Uber and Lyft.
In a circular city, “reduce-reuse-recycle” will replace “take-make-dispose”. Urban mobility will be carbon-neutral, relying on low- to zero-emission vehicles within a broader energy network powered by renewables. Cities and businesses will also generate savings from using recycled building materials and turning waste into fuel to power buses.
In other words, circular cities will blend ancient approaches with modern technologies. But how will they do it, and where will the money come from?
Today, over 2 million Americans are living without access to clean, running water. The newly released ‘Close The Water Gap’ report by DigDeep and the US Water Alliance pulls back the veil on America’s hidden water crisis.
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Water utilities can also dramatically increase their energy efficiency and reduce overall energy usage by adopting locally based solutions. For many municipal governments, drinking water and wastewater treatment plants are typically the largest energy consumers, often accounting for 30 to 40 percent of total energy consumed. Overall, drinking water and wastewater systems account for approximately two percent of energy use in the United States, adding over 45 million tons of greenhouse gases annually.
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Earlier in 2019, Vancouver’s city council declared a climate emergency and adopted a new set of climate-action targets that pushed its already aggressive goals to a new level. In response to the urgent need to hold global warming to below 1.5°C, the city set a new goal of being carbon neutral by 2050.
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There is a definitive need for affordable housing programs for low-income households. But there is also clearly a need for housing assistance for people earning up to and beyond the city’s median income. When available funds and programs don’t align well with defined needs – and there is simply not enough money to solve the problem, the housing affordability challenge can seem insurmountable. If there is a silver lining to the current state of housing in the Bay Area, it’s that the affordability crisis has served as a much-needed call to action. Under a regional framework known as the 3Ps (production, preservation, and protections), new programs that seek to facilitate new housing construction, preserve existing affordable housing, and to enact tenant protections have been tried, tested, funded, and legislated at the local, regional, and state levels.