Texxi Global

Texxi Global (UK) Limited operates as a ride-sharing and transportation solutions provider, founded in 2005 by Eric Masaba in London, United Kingdom. The company's core offering is a ride message aggregator system designed to facilitate dynamic, real-time ridesharing on a large scale for both passenger and freight transport. This system utilizes a mathematical optimization solution in the cloud to process and aggregate transportation requests from users across different locations and times. The journey of Texxi began with an idea in 2003, followed by years of research into the intersection of electricity markets, financial exchanges, and multimode transport, culminating in the company's founding.

The business model centers on providing a platform for users to request shared rides in various vehicle types through mobile phones, leveraging SMS, smartphone applications, geolocation, and social networks. The technology is designed to enhance transport efficiency, aiming to alleviate traffic congestion and environmental pollution by offering flexible and economical transport alternatives. Texxi targets a diverse client base, including late-night users, commuters, and specific market segments like school runs and tourism. The company's legal entity, TEXXI GLOBAL (UK) LIMITED, was incorporated in April 2016 and its nature of business is classified as "Other urban, suburban or metropolitan passenger land transport" and "Data processing, hosting and related activities". Texxi has received funding from at least one institutional investor, the Charity Phase 01 Fund.

Over the years, Texxi has been recognized for its approach, participating in events like the RedHerring European and Global Top 100 Technology Awards and the 33 Entrepreneurs Competition in Dublin. A key asset for the company is a granted patent related to its system. A business plan from 2005 outlined a strategy that included a successful trial in Liverpool with plans for global expansion through financing and franchise agreements. The company positions itself as a demand-responsive transit (DRT) brokerage system, focusing on enhancing transport efficiency through its proprietary technology.

Keywords: ride sharing, transport solutions, demand responsive transit, real-time ridesharing, transport aggregator, mathematical optimization, passenger transport, freight transport, mobile booking, transport efficiency, traffic congestion solution, environmental transport, Eric Masaba, London startup, transport technology, shared mobility, urban transport, ride hailing, logistics tech