By 2050, 68% of the world’s population will live in cities, pushing existing infrastructure to breaking point. Achieving the 2030 sustainability goals isn’t simply about fewer cars, it’s about filling our cities with the right kind of mobility options that support everyday living.

This is where shared mobility becomes more than just an option—it’s the enabler of a better future. Ride-hailing, micro-mobility, and shared transport options are reshaping how we think about moving around. They are reducing the need for private car ownership and shrinking the carbon footprint of individual journeys.

But for these platforms to thrive, they need to solve two critical challenges: evolving their fleet composition to be more sustainable and lasting long enough to benefit from shifting habits. Here’s how they can tackle both.

The Shifting Mobility Landscape

The platform economy has already revolutionized transportation. Companies like Bolt, VOI, and Ryde have democratized mobility. They offer people more flexibility, to more people, than ever before. This has disrupted traditional ownership models—but it has yet to solve every challenge, particularly around sustainability.

Transportation makes up 25% of global carbon emissions. As demand for mobility services rises, so does the pressure on platforms to cut their environmental impact. The shift toward electric vehicles (EVs) is part of the solution, but sustainability goes beyond that. It’s about making entire mobility fleets more efficient and impactful. This includes everything from route optimization to insurance coverage. So that shared mobility players can be empowered to meet the pressing demand for different ways to structure city spaces.

Turning Sustainability into an Advantage

In today’s world, the platforms that embrace sustainability are setting themselves apart. That means not just adding electric vehicles to fleets but pairing these additions with a purposeful telematic plan.  A plan that sees you bringing onboard the right technology partners to turn the data your fleet generates into real added value for your wider operations.

Cachet’s technology is already turning real-world data into actionable insights for major platforms. Our dynamic risk scoring, supported by personalised recommendations, empowers both drivers and platforms to reduce costs while fostering better habits on the road. This approach enhances urban mobility by optimising vehicle usage and enabling smarter, data-driven decisions—whether it’s expanding e-scooter deployments or maximising fleet efficiency across all types of vehicles.

This is where technology can make a critical difference today. Real-time data analytics and machine learning are game changers for mobility platforms. They enable better asset planning, optimised vehicle use, and smarter cost management. According to McKinsey, digital and data-driven solutions can reduce operational costs while boosting efficiency.

Enabling Sustainable Mobility

Insurance can play a pivotal role in driving sustainability across the platform economy. At Cachet, we know that smarter insurance drives smarter mobility. Using real-time data, our technology tailors risk scoring and better informs premiums adjustments by insurers. Anchoring your costs on actual user behaviour, rewarding safer habits, fewer accidents, and reduced costs.

But it’s not just about cutting premiums—it’s about enabling platforms to scale confidently as the sharing economy takes off. As user habits shift, our solutions help platforms stay ahead with clarity and control, ready to invest to meet the new demand.

The future of urban mobility will belong to the platforms that embed sustainability into their DNA. That adapts their fleet assets to be more sustainable and then manage those assets in a way that ensures they remain a profitable presence in major cities. Mobility platforms that rise to this challenge will shape the future of urban living.

With the right technology, partnerships, and vision, we can create a future where mobility is not only sustainable—it thrives. The change is already underway, and with Cachet, platforms have the tools to make it happen.