Chalo’s Digital Innovation Shines Bright at World Economic Forum Awards
Newzdaddy Business Updates
Synopsis of the Article
- Award: Chalo Mobility wins the World Economic Forum (WEF) New Champions Award 2024 for “Excellence in Digital Innovation.”
- Recognition: It is the only Indian startup recognized at the WEF New Champions Awards 2024.
- Global Impact: Chalo emerged as a winner among 90 companies from 45 countries.
- Leadership Role: Co-founder Priya Singh is now part of the Global Board of Advisors for the New Champions Community.
- Innovative Solutions: Chalo powers over 4 billion bus rides annually and has issued 2.5 million travel cards.
- Achievements: BEST Chalo App in Mumbai increased ridership by 55% in one year.
- Government Alignment: Chalo supports India’s Digital India and NCMC initiatives for transport digitization.
- Commitment: Dedicated to creating sustainable, efficient public transport solutions for commuters.
Chalo Wins Prestigious WEF New Champions Award for Digital Innovation
India’s Chalo Mobility has reached a remarkable milestone by winning the World Economic Forum (WEF) New Champions Award 2024 for “Excellence in Digital Innovation.” As the only Indian startup to be recognized this year, Chalo has firmly established its place as a global leader in transport technology.
The World Economic Forum’s New Champions network celebrates businesses that drive sustainable and long-term impact worldwide. Competing against 90 companies from 45 countries, Chalo’s innovative contributions to urban mobility earned it this prestigious honor.
Chalo has transformed bus travel with technology-driven solutions like live tracking, digital ticketing, and cashless payments. These innovations make commuting more efficient and convenient for millions, while also promoting sustainability by encouraging more people to use public transport.
The impact of Chalo’s technology is staggering. Operating in 65 cities across India and abroad, the company powers over 4 billion bus rides annually and has issued 2.5 million travel cards through its platform. The Chalo App, with 60 million monthly sessions, is the #1 app for bus travel in India, helping commuters plan their journeys with ease.
Chalo’s influence extends beyond its products. The company’s Co-founder and Director, Priya Singh, has been appointed to the Global Board of Advisors for the New Champions Community. In this new role, she will help shape the future of mobility on a global scale, showcasing Chalo’s commitment to making a difference worldwide.
Speaking about this honor, Priya Singh said, “This recognition reflects our team’s hard work and our vision for a better, more sustainable urban transport system. We are excited to continue innovating and creating impact.”
Chalo’s achievements include the highly successful BEST Chalo App in Mumbai, which led to a 55% increase in ridership within just one year. This demonstrates how digital solutions can transform public transport systems, making them more attractive and user-friendly.
By aligning its efforts with the Digital India initiative and the National Common Mobility Card (NCMC) program, Chalo is accelerating the digitization of public transport systems in India.
Chalo’s mission is to create efficient and sustainable public transport systems that enhance the daily lives of commuters. The company believes in leveraging technology to solve real-world challenges, promoting greener cities and improved quality of life.
With this recognition from the World Economic Forum, Chalo is set to inspire other businesses to innovate for a better future.
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