kite Mobility has developed an electric mobility-as-an-amenity service that offers electric vehicles, ebikes, and scooters for rent on a centralized sharing. Their mobility-sharing solution can displace up to 10 parking spots per one shared electric vehicle, allowing developers to save millions in capital costs per project. The inclusion of kite as an amenity has shown to lessen time to market, reduce city traffic congestion, and materially reduce scope 1 and 3 GHG emissions, while improving housing affordability for residents by either lessening or eliminating the need for personal car ownership.
kite’s business model inherently reduces carbon emissions by accelerating the adoption of electric vehicles (EVs), moving consumers away from traditional private car ownership to a sharing economy, and reducing the amount of infrastructure required or dedicated to private vehicle storage. This aligns with TAF’s investment focus towards acceleration of EV adoption and Net-Zero Construction.