- Argo (TSXV:ARGH), a transit solutions provider, has begun the rollout of its Smart Routing transit system in Bradford West Gwillimbury, Ontario, the first vertically integrated smart transit system in the world
- The system uses dynamically optimized routing to substantially improve efficiency, coverage and rider satisfaction
- Argo stock is down by 34 per cent since inception in 2024
Argo (TSXV:ARGH), a transit solutions provider, has begun the rollout of its Smart Routing transit system in Bradford West Gwillimbury (BWG), Ontario, the first vertically integrated smart transit system in the world.
The app-based system uses Argo’s X1 electric vehicles and runs on proprietary software, monitored by the company, allowing residents to request a ride near their door for a standard fare. Argo’s Smart Routing technology will then add stops along the way based on real-time data tracking rider demand.
According to Thursday’s news release, residents will benefit from more efficient transit, resulting in “easier access to jobs, education, healthcare and community,” while Smart Routing will reduce the municipality’s overall cost per ride, delivering a better experience for less tax dollars.
Investors current and prospective can expect more news about the phased rollout over the coming weeks.
Argo’s Smart Routing transit system will replace BWG’s existing bus routes over the coming months.
Leadership insights
“Today’s launch in Bradford West Gwillimbury represents the debut of a new category of urban mobility,” Praveen Arichandran, Argo’s co-founder and chief executive officer, said in a statement. “Together with BWG Council and regional partners, we’re showcasing Canadian innovation on a global stage, delivering a transit model that connects people to opportunity and sets a standard for cities worldwide.”
“This is a landmark day for Bradford West Gwillimbury,” added BWG Mayor James Leduc. “Being the first community worldwide to deploy Argo’s vertically integrated Smart Routing transit solution demonstrates our leadership in innovation and our commitment to improving residents’ quality of life.”
About Argo
Argo operates the world’s first vertically integrated smart transit system, which uses dynamically optimized routing to substantially improve efficiency, coverage and rider satisfaction.
Argo stock (TSXV:ARGH) last traded at C$0.24 per share. The stock is down by 34 per cent since inception in 2024.
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(Top photo of the Argo X1 electric bus: Argo)
