UFT
Luxembourg
About UFT
UFT, that has been acquired by Cube4T8, provides an end-to-end SaaS platform for demand responsive transport, DRT to Europe’s largest operators and transport authorities. Its powerful proprietary matching and routing algorithm optimises the allocation of fleet and demand, thus significantly increases fleet productivity and reach. Being vehicle and use case agnostic, UFT’s platform covers a wide range of different mobility services such as public transport, paratransit for persons with reduced mobility, school transport, and taxi sharing among others. Besides being the only platform in the market that helps operators to optimise utilisation of their assets across different mobility use cases, UFT’s system allows operators to automate their workflow. Operators report 20-30% increase in productivity as the UFT platform helps them to reduce excess fleet capacity and distance driven, thus cut fixed costs and emissions. UFT has customers in Luxembourg, Austria, Italy and Portugal and is expanding into other European countries. UFT was founded by Jean-Luc Rippinger and Nicolas Back, two engineers that work hard on their vision to improve mobility services to the point that people prefer them over their private car. They built a world class team of multinational experts that share their believe that universal access to smart mass-transit is the only way to combine the need for convenient mobility with the reduction of per capita greenhouse gas emissions. UFT has been acquired by Cube4T8, a Luxembourg based mobility company. UFT’s technology will play an essential role in Cube4T8’s product portfolio.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 11 – 50
- Total funding: $2.6M
- Funding stage: Seed
- Last round: Seed (Nov 2019)
- Website: uft.lu
Industries & Categories
Enterprise Software, Mobile Apps, Public Transportation, Ride Sharing, SaaS
Social Profiles
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