Arrive completes acquisition of Passport, delivering the City OS needed for autonomous mobility
The combined platform unifies payment systems, parking compliance and real-time curb management into a single digital ecosystem positioning Arrive to deliver the infrastructure needed for the autonomous mobility deployment.
The global mobility platform, Arrive, today announced the successful completion of the financial acquisition of Passport, the compliance and curbside payment platform used by cities and parking operators across North America. Supported by leading growth and private equity investors, Vitruvian Partners, Verdane and Searchlight Capital Partners L.P., the acquisition accelerates Arrive’s mission to ease movement in cities by digitizing the urban mobility ecosystem.
As autonomous vehicle deployment accelerates, cities require real-time, automated control over urban curbsides. By combining Passport’s parking compliance and payment facilitation capabilities trusted by more than 800 North American cities and parking operators, with Arrive’s global network, the combined company can offer a unified, end-to-end platform that simplifies curbside management, data-driven insights, and the infrastructure necessary for the future of autonomous mobility.
Cameron Clayton, CEO of Arrive, said of the closing, "The future of urban transportation depends on digitized, connected infrastructure. By integrating Passport’s payment and compliance network into Arrive’s global platform, we can build the City OS needed to manage curb space and scale autonomous vehicle deployment. Our network will make the next era of urban mobility work for everyone.”
Khristian Gutierrez, co-founder and CEO of Passport, said, “We are incredibly proud of how our team has built Passport into a leading compliance platform trusted by clients across North America, and we're excited for its next adventure. Unifying our solution as a powerful engine for Arrive’s global platform marks an exciting next chapter for our team and clients as we set a new standard for urban mobility.”
Arrive and Passport products and services will continue to operate as normal. The teams remain fully dedicated to business continuity and uninterrupted service to customers and partners. As the integration moves forward, Arrive is thrilled to welcome its new colleagues whose added expertise will drive the business forward, and updates on our organizational structure will follow in the coming months.
