OV Loop Acquires Skipti To Help Drivers, Retailers and Mobility Network Companies Facilitate Profitable & Sustainable Transportation
22 Julio 2024 - 8:30AM
Business Wire
OV Loop is thrilled to announce the acquisition of Skipti, a
transportation facilitator that helps drivers, retailers and
consumers schedule, deliver and return rentable products to and
from homes. Soon drivers will be able to efficiently access smart
connected EVs from partner fleets via their OV Loop SuperApp to
provide flexible, profitable and sustainable ride hail and delivery
services for Mobility Network Companies and Retailers.
The acquisition of Skipti accelerates OV Loop’s journey to build
America's SuperApp commerce network – a private universal wallet
and mall where buyers, sellers and influencers can seamlessly
interact and transact across devices and channels. With the rapid
growth of digital commerce and the unsustainable gig driver
economics, there is a pressing need to facilitate not only
efficient transactions but also the efficient transport of goods
and people for those transactions. OV Loop’s SuperApp is the only
cross device tap & pay wallet with IOT payables accepted
virtually everywhere and is now expanding to IOT smart EVs to
facilitate more efficient and sustainable transportation for
virtually everyone.
Skipti’s CTO Michael Arner has worked with OV Loop CEO Will
Graylin on multiple successful startups; they now join forces again
to bolster OV Loop's talented team to achieve their common vision.
Will Graylin commented, “We are excited to welcome Skipti into the
OV Loop family. They align perfectly with our vision to facilitate
frictionless commerce and sustainable transportation to power our
physical and digital economy. Together, we will work with drivers,
retailers and MNC partners to deliver great user experiences with
superior unit economics.”
“Our joint capabilities can really solve for the challenges of
today’s gig driver economics,” said L.P. Platow, Skipti's CEO. “OV
Loop’s approach is wonderfully aligned with Skipti’s mission and
will help scale profitable and sustainable transportation offerings
for OV Loop’s partners & customers--while bringing the full
suite of OV’s SuperApp Payments and Concierge Services to partners
served by Skipti.”
This acquisition is a testament to OV Loop's commitment to
innovation and follows its recent acquisition of Cultos.io. By
combining OV Loop’s SuperApp with Skipti’s driver and asset
management software, the company is poised to deliver exceptional
value to merchants and consumers alike.
About OV Loop
OV Loop is building America’s SuperApp commerce network (loop)
with a private universal wallet & mall where buyers, sellers
and influencers can interact and transact seamlessly across devices
and channels. OV closes the commerce loop between the buyers'
wallets with sellers' POS, across devices and channels, with
privacy, security and personalized rewards that help users save
time and money. For sellers, OV Loop offers an omnichannel
engagement platform that fosters customer loyalty and boosts sales.
Our mission is to eliminate barriers between buyers and sellers to
provide easier and safer commerce with superior user experiences
and unit economics.
About Skipti
Skipti is a leading rental delivery marketplace to facilitate
complex pickup and drop offs of equipment like Rug Doctor machines
and home improvement tools, transforming how businesses and
consumers facilitate the transport of goods to and from depots and
homes. With Skipti, businesses offer customers flexibility and
access to a wide range of goods without long-term commitments or
ownership, while sustainably enhancing customer engagement and
satisfaction.
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version on businesswire.com: https://www.businesswire.com/news/home/20240722212036/en/
For media inquiries: Margaret Bouse Senior Vice
President mbouse@ovloop.com 978-254-4805 Ext.
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