Mobility platform Arrive has completed its acquisition of Passport, a compliance and kerbside payment platform used by cities and parking operators across North America, with the aim of building a unified “City OS” for parking payments, enforcement and curb space management.
The deal was supported by growth and private equity investors Vitruvian Partners, Verdane and Searchlight Capital Partners L.P. Financial terms were not disclosed in the release.
Combined platform for payments, compliance and curb data
Passport’s parking compliance and payment facilitation capabilities are used by more than 800 North American cities and parking operators. These will be combined with Arrive’s global network to create what the companies describe as a unified, end-to-end platform covering kerbside management, data-driven insights and the infrastructure required for autonomous mobility.
The companies say the move responds to the growth of autonomous vehicle (AV) deployment, which they argue will require cities to have real-time, automated control over urban kerbside, including who parks where, instant payment processing and live tracking of curb usage.
“The future of urban transportation depends on digitised, connected infrastructure,” says Cameron Clayton, chief executive of Arrive. “By integrating Passport’s payment and compliance network into Arrive’s global platform, we can build the City OS needed to manage curb space and scale autonomous vehicle deployment. Our network will make the next era of urban mobility work for everyone.”
Passport team to join Arrive
Khristian Gutierrez, co-founder and chief executive of Passport, says: “We are incredibly proud of how our team has built Passport into a leading compliance platform trusted by clients across North America, and we’re excited for its next adventure. Unifying our solution as a powerful engine for Arrive’s global platform marks an exciting next chapter for our team and clients as we set a new standard for urban mobility.”
Arrive and Passport products and services will continue to operate as normal, and both teams remain focused on business continuity for customers and partners. Updates on the combined organisational structure will follow in the coming months.
Information not covered in the release
The release does not state the purchase price, details of the planned integration timeline, how the “City OS” will be technically delivered, or which cities are expected to adopt the combined platform first. Arrive’s own description of the acquisition says it accelerates its mission to ease movement in cities by digitising the urban mobility ecosystem.
