Argo Launches First-Ever Vertically and Publicly Integrated City Transit System
Argo (TSXV: ARGH) (OTCQX: ARGHF) has announced plans to launch an innovative, vertically integrated city transit system. The company will partner with cities and governments to augment public transit with on-demand, door-to-door service. Argo's solution integrates custom software with vehicular hardware to create a network of intelligently routed vehicles that adapt to city needs in real-time.
The system aims to increase ridership on existing public transit by eliminating the need to walk or wait, potentially reducing cars on the road. Argo will soon launch in the greater Toronto area, offering first- and last-mile rides for commuters and private school programs. The company's leadership team includes former executives from Tesla, Uber, Facebook, and Sidewalk Labs.
Argo (TSXV: ARGH) (OTCQX: ARGHF) ha annunciato piani per lanciare un innovativo sistema di trasporto pubblico urbano integrato verticalmente. L'azienda collaborerà con città e governi per potenziare il trasporto pubblico con un servizio on-demand porta a porta. La soluzione di Argo integra software personalizzato con hardware veicolari per creare una rete di veicoli indirizzati intelligentemente che si adattano in tempo reale alle esigenze cittadine.
Il sistema mira ad aumentare il numero di passeggeri sul trasporto pubblico esistente eliminando la necessità di camminare o aspettare, Potenzialmente riducendo il numero di auto sulle strade. Argo lancerà a breve nella grande area di Toronto, offrendo servizi di trasporto per il primo e l'ultimo miglio per i pendolari e programmi scolastici privati. Il team di leadership dell'azienda include ex dirigenti di Tesla, Uber, Facebook e Sidewalk Labs.
Argo (TSXV: ARGH) (OTCQX: ARGHF) ha anunciado planes para lanzar un sistema de transporte urbano integrado verticalmente. La empresa se asociará con ciudades y gobiernos para complementar el transporte público con un servicio puerta a puerta bajo demanda. La solución de Argo integra software personalizado con hardware vehicular para crear una red de vehículos inteligentemente enrutados que se adaptan a las necesidades de la ciudad en tiempo real.
El sistema tiene como objetivo incrementar la cantidad de pasajeros en el transporte público existente al eliminar la necesidad de caminar o esperar, reduciendo potencialmente el número de coches en la carretera. Argo lanzará pronto en el área metropolitana de Toronto, ofreciendo servicios de transporte para el primer y último kilómetro para los viajeros y programas de escuelas privadas. El equipo de liderazgo de la compañía incluye ex ejecutivos de Tesla, Uber, Facebook y Sidewalk Labs.
아르고 (TSXV: ARGH) (OTCQX: ARGHF)는 수직 통합 도시 교통 시스템을 출시할 계획을 발표했습니다. 이 회사는 도시 및 정부와 협력하여 온디맨드, 문 앞에서 문 앞까지의 서비스로 대중교통을 보완할 것입니다. 아르고의 솔루션은 맞춤형 소프트웨어와 차량 하드웨어를 통합하여 도시의 필요에 실시간으로 적응하는 지능적으로 경로가 설정된 차량 네트워크를 만듭니다.
이 시스템의 목표는 대중교통 승객 수를 증가시키는 것으로, 걷거나 기다릴 필요를 없애 잠재적으로 도로의 자동차 수를 줄이는 것입니다. 아르고는 곧 토론토 대도시 지역에서 시작되며, 통근자 및 사립학교 프로그램을 위한 첫 번째 및 마지막 마일 운송 서비스를 제공합니다. 이 회사의 경영진 팀에는 테슬라, 우버, 페이스북 및 사이드워크랩스의 전직 임원들이 포함되어 있습니다.
Argo (TSXV: ARGH) (OTCQX: ARGHF) a annoncé des projets pour lancer un système de transport urbain intégré verticalement. L'entreprise s'associera aux villes et aux gouvernements pour améliorer le transport public avec un service à la demande, porte à porte. La solution d'Argo intègre un logiciel personnalisé avec du matériel véhicule pour créer un réseau de véhicules intelligemment routés qui s'adaptent en temps réel aux besoins de la ville.
Le système vise à augmenter le nombre de passagers dans les transports publics existants en supprimant le besoin de marcher ou d'attendre, ce qui pourrait réduire le nombre de voitures sur la route. Argo lancera bientôt dans la grande région de Toronto, offrant des trajets pour le premier et le dernier kilomètre pour les navetteurs ainsi que des programmes scolaires privés. L'équipe dirigeante de l'entreprise comprend d'anciens cadres de Tesla, Uber, Facebook et Sidewalk Labs.
Argo (TSXV: ARGH) (OTCQX: ARGHF) hat Pläne angekündigt, ein vertikal integriertes Stadtverkehrssystem einzuführen. Das Unternehmen wird mit Städten und Regierungen zusammenarbeiten, um den öffentlichen Verkehr mit einem auf Abruf verfügbaren Tür-zu-Tür-Service zu ergänzen. Die Lösung von Argo integriert maßgeschneiderte Software mit Fahrzeughardware, um ein Netzwerk von intelligent gerouteten Fahrzeugen zu schaffen, die sich in Echtzeit an die Bedürfnisse der Stadt anpassen.
Das System zielt darauf ab, die Fahrgastzahlen im bestehenden öffentlichen Verkehr zu erhöhen, indem die Notwendigkeit zu Fuß zu gehen oder zu warten, potenziell reduziert wird, was zu weniger Autos auf der Straße führen könnte. Argo wird bald im Großraum Toronto starten und bietet Fahrten für den ersten und letzten Kilometer für Pendler sowie private Schulprogramme an. Das Führungsteam des Unternehmens umfasst ehemalige Führungskräfte von Tesla, Uber, Facebook und Sidewalk Labs.
- Launch of innovative, vertically integrated city transit system
- Partnerships with cities, transit agencies, and governments
- Potential to increase ridership on existing public transit systems
- Real-time adaptation to city needs through intelligent routing
- Experienced leadership team from major tech companies
- None.
The company will partner with cities and governments to augment public transit systems with on-demand, door-to-door service.
"Mobility within and across our cities is the lifeblood of our economies and social fabric. It provides access to jobs, healthcare, education, and our loved ones," said Praveen Arichandran, co-CEO and co-founder of Argo. "With road traffic set to get significantly worse in the coming years and decades, it's critical that we take cars off the road by making public transit the most convenient way to get around. We're bringing world-class technology talent back home to
Argo's solution is the first to integrate custom software with vehicular hardware to create a network of intelligently routed vehicles that work together to serve and scale real-time to the needs of entire cities. People will be in control of their mobility with a simple mobile app delivering on-demand, door-to-door service that is fully integrated with existing transit lines and systems.
Argo will soon launch within the greater
How it's different
Today, 50 percent of commuting time is spent on 10 percent of the distance due to time spent walking, biking, or driving to the nearest transit line and then waiting for the next scheduled stop. By picking people up at their door via its simple on-demand app, Argo will eliminate the need to walk or wait, driving increased ridership to existing transit lines and taking cars off the road. Argo is providing cities, transit agencies, and governments with an end-to-end, vertically integrated solution including vehicle hardware, software, charging, and operational support.
Why it matters
With rapid population growth and global urbanization, the congestion on our roads and time lost in traffic are only set to get worse in the coming decades. Argo will take cars off the road by making public transit the most convenient way to get around. Putting people in control of their mobility will enhance access to jobs, healthcare, education, and their loved ones. A future where public transit is the most efficient way to get around within and across cities is one where our communities are quieter, cleaner, and more prosperous for everyone.
The team
Argo's team and board bring senior leadership experience building the world's leading technology and mobility companies including Tesla, Uber, Facebook, and Sidewalk Labs. Much of Argo's leadership team has returned home to
Founders, board members and leadership include Praveen Arichandran (Tesla, Facebook), Qamar Qureshi (Knowledgehook, Sunlife Financial), Sisun Lee (Tesla, Facebook), Holly Lim (Google's Sidewalk Labs, SoundCloud), Colette Bridgman (Tesla, Aurora), Daniel Habashi (SSENSE, TikTok, Instagram), Jeffrey Chen (TikTok, LinkedIn), Helena Hua Cao (Meta), Thanu Chandrarajah (Coursera, Zynga) and Yulin Chen (Uber, Google).
Learn more about Argo and its technology and team at www.rideargo.com and follow the company on LinkedIn and Instagram for updates.
About Argo
Argo is a new technology venture delivering the first-ever vertically and publicly integrated city transit system designed to augment public transportation and create a network of intelligently routed vehicles that work together to serve and scale to the needs of entire cities, putting people in control of their mobility. You can learn more at www.rideargo.com.
Forward-Looking Information
This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, as described in more detail in the Company's securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/argo-launches-first-ever-vertically-and-publicly-integrated-city-transit-system-302216642.html
SOURCE ARGO CORPORATION
FAQ
What is Argo 's new transit system and how does it work?
Where and when will Argo (ARGHF) launch its new transit system?
How does Argo's (ARGHF) transit system aim to improve public transportation?
Who are the key leaders behind Argo (ARGHF)?
