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Stock impact report

How India's Silicon Valley is using tech to tackle traffic [CNNMoney.com]

CAPGEMINI SE UNSP/ADR (CGEMY) 
NASDAQ:AMEX Investor Relations: investors.capgemini.com
Company Research Source: CNNMoney.com
How India's Silicon Valley is using tech to tackle traffic London (CNN) Imagine being stuck in traffic for 243 hours , equivalent to just over 10 days. Rush hour commuters in Bangalore, a city in southern India, spent around that time in traffic last year. The city has the worst congestion in the world, according to the 2019 TomTom Traffic Index , overtaking Mumbai, which held the title for the previous two years. Bangalore's rapid expansion as India's tech capital is partly responsible. The number of cars on the roads has rocketed from 1.4 million in 2000 to more than 8 million in 2019. But tech could also provide the solution, as startups have sprung up to break the gridlock. Bangalore's scooter rental start-up Bounce is booming, recently valued at $500 million. Take Bounce , a Bangalore-based scooter-hire company with a fleet of more than 17,000 electric and gasoline vehicles in its home city. Customers can rent a scooter via its app for as little Show less Read more
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