MVL

About MVL

MVL is a Singapore-based company that is developing a blockchain-based mobility ecosystem. The company gathers data from various mobility-related services like ride-hailing, vehicles, batteries, and charging stations to build a comprehensive data ecosystem.

MVL operates TADA, a zero-commission ride-hailing service in Singapore, Cambodia, and Vietnam, and ONiON, a company that manufactures and sells electric vehicles and develops battery swapping stations. The business model is centered around creating a transparent and fair environment by using blockchain technology to record and manage data from these services. It makes money by taking a small fee from the transactions that occur within its ecosystem, such as ride-hailing fares and vehicle sales, without taking commissions from drivers. The company serves both drivers and passengers in the ride-hailing market, as well as vehicle buyers and operators in the electric vehicle sector.

Participants in the MVL ecosystem are rewarded with MVL points for their contributions, such as safe driving and providing data. These points can be converted into MVL Coins, which can be used for transactions within the ecosystem or traded on cryptocurrency exchanges. This token-based incentive system encourages active participation and data sharing, which in turn enriches the ecosystem.