UK's Transreport Secures £10 Million Investment for Passenger Assistance Expansion.
The UK’s fastest-growing accessibility technology company, Transreport, has secured £10 million investment to expand its flagship technology Passenger Assistance. Funding has been led by Puma Private Equity with participation from Pembroke VCT. The collective aim is to expand reach to more users and diverse modes of transport, including the aviation sector. Transreport’s Passenger Assistance app, nominated for an Apple Design Award, has been downloaded over 100,000 times and has helped facilitate millions of rail journeys.
Transreport, the UK’s fastest-growing accessibility technology company, has secured £10 million investment for its popular Passenger Assistance technology as it seeks to expand the reach of the system to more users and wider modes of transport and industries.
The funding, totalling £10 million led by Puma Private Equity with participation from Pembroke VCT, will enable Transreport to further connect its Passenger Assistance technology to anyone who needs assistance whilst travelling, facilitating quicker and easier use of public transport. The investment will also continue the company’s expansion into the aviation sector.
Since its launch in May 2021, the Passenger Assistance technology, nominated for an Apple Design Award in the Inclusivity Category, has become one of the most recognised apps for arranging travel assistance with over 100,000 downloads facilitating millions of passenger journeys to date. “This significant investment marks a key moment in the growth and history of Transreport and is a huge vote of confidence and trust from our investors, Puma Private Equity and Pembroke VCT, in our vision and ability to execute on our strategic plans. These funds will accelerate our expansion into the aviation sector and continue supporting our entry into the Japanese market in partnership with Hankyu Corporation, Japan’s world-leading railway operator and most importantly provide a better experience for disabled and older people.” said Jay Shen, founder and CEO of Transreport.
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