We all take part in a broad system of buildings, roads, parks, essential services and utilities, and walk, commute… simply exist among it all every day. For the most part, it is woven together so seamlessly that you don’t ever really contemplate its component parts. Our major cities’ infrastructure operates – mostly – like well-oiled machines. Sometimes there’s a loose cog or so in the works, but between the infrastructure we have and the technology we use to bind the system together, things tend to go pretty well. This marriage of infrastructure and technology – Infratech – is a catchcry that Liftango is all too keen to be at the forefront of.
"$57 trillion is required by 2030 to keep up with global GDP growth."
A Recap On Infratech.
It is how digital technologies with physical infrastructure are integrated or deployed to deliver efficient, connected, resilient and agile assets. This becomes a key driver for disrupting infrastructure projects which has now become a multi-trillion-dollar industry, with the current global infrastructure spending hitting $4.3 trillion (USD). With economic and population growth, it’s predicted transport infrastructure investments will increase annually worldwide by 4.7% until 2025. Which means $57 trillion is required by 2030 to keep up with global GDP growth.
As society develops, we tend to counter more and more problems. And where there are problems there is capital, and where there is capital there's already a start-up developing the solution. We are already seeing this in the transport Infratech space with new start-ups emerging by the day. Three of the start-ups making the world safer and more sustainable are:
Valerann – Smart Roads
Valerann turns existing road infrastructure into a comprehensive source of information and connectivity. By integrating their technology with the current build environment, they’re able to collect data to predict accidents and traffic jams enabling their AI to prevent them. In 2018 Valerann managed to raise $5m seed round and their tech is already being installed in highways around the world.
Embark trucks – AI in the cargo truck’s driver’s seat
Embark Trucks has developed and successfully tested an artificial intelligence (AI) that can ‘learn’ how to drive cargo trucks. The technology relies on an array of radars, cameras and depth sensors known as LiDARs to map the area around a vehicle. The AI analyses the data and determines how to see through glare, fog and darkness without a human driver. Embark, the company has raised a total of $117mil to date.
Liftango – Unlocking the power of ‘shared’ to deliver new opportunities.
We’re proud of the fact that we’re standing out among the crowd of firms changing the world. Shared mobility is one of the four pillars of future transport and is arguably the hardest behavioural shift to ingrain. Creating experiential ‘shared’ space is the core driver behind Liftango’s mission – contributing to the realization of a connected, autonomous, shared and electrified future.
All three of these companies – Liftango included – are working towards solving many of the serious problems an expanding, growing society is currently experiencing. It is evident that shareable driving solves major infrastructural issues regarding space and congestion, not to mention the economic value it brings to our environment and our pockets. Rather than waste time battling traffic, this concept promises a future of productivity gains by substituting the daily grind for an ‘experiential’ journey.
The RealTechX growth program has been designed to meet the needs of later-stage companies (those which are usually about 6 to 12 months away from a liquidity event such as an IPO or buyout) – offering these companies the deep industry expertise and market access they need to be successful. With a goal to drive technology adoption and tangible commercial outcomes for all program participants and program partners, the program will facilitate connections with a network of leading real estate corporates, as well as engaging with partners from government, tertiary institutions, and affiliated sectors. It’s programs like this, applying the skills inherent in new and emerging start-ups to help foster a seamless connection between commercial real estate development, enhancing and optimising the built environment through the use of new technology that makes more affordable and available options including carpool, on-demand bus, and other microtransit.
The world is undergoing drastic changes and the future of transport is going to need to become more – what we call – CASE: Connected, Autonomous, Shared and Electrified.
C.A.S.E will underpin a change in transportation. Driven by the evolution of these four pillars the future of transport will see a shift to become ‘experiential’. We’re doing our bit to make sure that happens.