Namma Yatri Expands to Europe with Automicle Acquisition

Bangalore-based Moving Tech Innovations, the parent company of Namma Yatri, has acquired Automicle, a Netherlands-based mobility startup, to facilitate its entry into the European market. The financial details of the deal remain undisclosed.

The acquisition will allow Namma Yatri to extend its zero-commission mobility model internationally, building on its open, interoperable approach to urban transportation. Founded in 2022, Automicle develops digital mobility solutions, including smart parking systems and integrated public transport platforms, working with city authorities across Europe.

Namma Yatri, launched by Juspay in 2022, began as an auto-hailing platform in Bengaluru and has since expanded to cities such as Chennai, Delhi, Kochi, Mysuru, Tumakuru, and Kolkata. In November 2023, Juspay hived off Namma Yatri, along with other mobility platforms like Yatri Sathi, Bharat Taxi, and Chennai One, into Moving Tech Innovations. The mobility startup has raised over $15 million, including an $11 million Series A round in 2024 with investments from Blume Ventures and Antler.

Magizhan and Shan MS of Moving Tech Innovations stated that the acquisition would take their learnings beyond India, emphasizing that cities worldwide are seeking an open and community-led mobility model. Namma Yatri has facilitated over 150 million trips across its platforms, enabling driver earnings of more than ₹2,500 crore without charging commissions.

Competition in India’s ride-hailing segment is intensifying, with players like Rapido and Uber actively diversifying their offerings. Uber recently partnered with AbhiBus to launch intercity bus ticketing services in India, while Ola is losing market share to incumbents and new players like Bharat Taxi, a government-backed platform launched in February. As of late March 2026, Bharat Taxi has surpassed 2.7 million downloads.

India’s ride-hailing and mobility market is projected to reach $34.87 billion by 2031, with increasing focus on sustainable unit economics and a shift from commission-based models to subscription-driven approaches.