Last Mile Holdings (TSXV:MILE; OTC:AZNVF) is a technology-driven micro-mobility company that designs and manages turnkey solutions for a multi-modal future of urban transportation aimed at reducing traffic congestion and carbon emissions.
One of the largest micro-mobility companies in the United States by locations, Last Mile’s growth strategy focuses on consolidation through the acquisition of micro-mobility brands and technologies as well as exclusive shared mobility contracts with universities and municipalities. The company offers a broad product suite of proprietary e-mobility product types for rideshare programs and delivery services, including bikes, stand-up scooters, seated scooters and trikes. ”Offering multi-modal solutions is key to expanding our network of exclusive contracts,” said Last Mile CEO Max Smith.
Last Mile was formed through the merger of Ojo Electric and Gotcha Mobility in Q1 2020. The combined Ojo and Gotcha footprint and pipeline provides a near-term growth opportunity. Last Mile is leveraging the strong brand, partnership networks and consumer base built by the Gotcha Mobility team over 10 years in the micro-mobility sector. The consumer-facing rideshare brand will continue to operate under the Gotcha Mobility name. Last Mile is currently integrating the tech platform so that its entire branded suite of products will be available on the Gotcha app. Formerly a separate public entity, Ojo now represents a branded product offering available through the Gotcha Mobility network.
Last Mile is expected to continue to invest in and acquire other brands and technologies that can operate independently or through the Gotcha brand as well as technologies that can be licensed out to other micro-mobility partners. This structure also allows for the acquisition of global brands under the Last Mile umbrella.
Respect for city planning and infrastructure as well as public safety are all top priorities for Last Mile. The company has never launched in any market without community support secured through a multi-year, exclusive agreement. This partnership-first approach has led to a long-standing, trusted market reputation. Last Mile’s end-to-end management of operations enables quality control and best-in-class safety standards.