Moving Tech Innovations acquires Automicle
Analysis based on 6 articles · First reported Mar 26, 2026 · Last updated Mar 28, 2026
The acquisition of Automicle Holding BV by Moving Tech Innovations is expected to positively impact the mobility technology market by expanding a zero-commission, community-led model into Europe. This move could foster increased collaboration between India and the European Union on digital public infrastructure and sustainable urban mobility, potentially leading to new market opportunities and competitive dynamics.
Moving Tech Innovations (MTI), an Indian company known for its open mobility platforms like Namma Yatri, has acquired Netherlands-based Automicle Holding BV. This acquisition marks MTI's first international expansion, allowing it to introduce its zero-commission, community-led mobility model to European cities. MTI's co-founders, Magizhan Selvan and Shan M. S., stated that their model, which has facilitated over 150 million trips and ₹2,500 crore in driver earnings without commissions in India, is based on universal principles. Automicle Holding BV, co-founded by Jef Heyse and Ajit Mishra, develops digital mobility solutions, including parking systems and integrated public transport platforms, working with city authorities across Europe. The co-founders of Automicle Holding BV believe this partnership will accelerate the adoption of open mobility systems in Europe and bring European expertise to India. The deal aligns with growing collaboration between India and the European Union on digital public infrastructure and sustainable urban mobility.
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