Passport named one of the World’s Most Innovative Companies by Fast Company
Company secures no. 7 spot in the transportation category
Charlotte, N.C. (March 11, 2020) — Passport has been recognized on Fast Company’s prestigious list of the World’s Most Innovative Companies for 2020. This list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s fast-changing world. This year’s list features 434 businesses from 39 countries.
Passport, the operating system that allows cities to manage vehicle interactions with streets and sidewalks, was named the no. 7 company in the transportation category. Passport’s software solutions help city leaders increase convenience, efficiency and compliance through pricing of single-occupancy vehicle parking at the curb, scooters parking on city sidewalks, vehicles stopped in commercial loading zones and more.
“Innovation is a core tenant at Passport, as we anticipate trends, develop new technologies and help cities plan for the future of streets and sidewalks,” said Bob Youakim, Passport CEO. “As cities face new challenges and rising populations, we are passionate about helping cities through the current transformation of transportation and improving how people move around cities.”
Passport, headquartered in Charlotte, N.C., has demonstrated record-breaking revenue growth year-over-year and nearly doubled its client base from 2018 to 2019. In 2020, the company will leverage its Series D investment for continued revenue, employee and client growth.
“At a time of increasing global volatility, this year’s list showcases the resilience and optimism of businesses across the world. These companies are applying creativity to solve challenges within their industries and far beyond,” said Fast Company senior editor Amy Farley.
Passport sets cities in motion, helping to create more livable, equitable communities. Passport is the operating system that allows cities to manage vehicle interactions with streets and sidewalks. With Passport, city leaders increase convenience, efficiency and compliance today and tomorrow. Trusted by 1,000 cities, universities and agencies, including Chicago, Toronto, London, Los Angeles, and Miami, Passport is one of the fastest-growing companies on the Inc. 5000 and Deloitte Technology Fast 500 lists. Passport is backed by Rho Capital Partners, H.I.G. Growth Partners, ThornTree Capital Partners, Bain Capital Ventures, Grotech Ventures, MK Capital, and Relevance Capital. For more information, visit passportinc.com.
Marketing Communications Manager