The world of taxis witnessed a blow due to cab-hailing services such as Uber that changed the situation drastically using the dependence on smartphones. As this made up for the shortage of affordable services, it became an instant hit across the world.
Now, the mobility industry is witnessing a rapid change with the major trends being electric vehicles, connectivity and autonomous vehicles. These trends are fueled by various technological innovations, changes in social behaviour such as urbanisation and more. Undoubtedly, there are numerous opportunities for aspiring entrepreneurs to try out various aspects of the mobility business.