OV Loop is excited to announce its acquisition of Skipti, a company specializing in the facilitation of transportation services for drivers, retailers, and consumers. This strategic move will enable drivers to access smart connected electric vehicles (EVs) from partner fleets through OV Loop’s SuperApp, enhancing the efficiency, profitability, and sustainability of ride-hail and delivery services for Mobility Network Companies and retailers.
The acquisition propels OV Loop closer to realizing its vision of America’s SuperApp commerce network—a comprehensive digital ecosystem where buyers, sellers, and influencers can interact and transact seamlessly across devices and channels. As digital commerce rapidly evolves and gig economy challenges persist, OV Loop aims to streamline not only transactions but also the transportation of goods and people. The SuperApp, a cross-device tap-and-pay wallet integrated with Internet of Things (IoT) payables, is now extending to smart EVs to offer more efficient and eco-friendly transportation solutions.
Skipti’s CTO Michael Arner and OV Loop CEO Will Graylin, who have previously collaborated on successful ventures, are reuniting to strengthen OV Loop’s team and advance their shared goals. Will Graylin commented, “We are thrilled to welcome Skipti to the OV Loop family. Their integration aligns seamlessly with our mission to create frictionless commerce and sustainable transportation, enhancing user experiences and unit economics.”
L.P. Platow, CEO of Skipti, added, “Our combined capabilities address the challenges of today’s gig economy. OV Loop’s approach is a perfect fit with Skipti’s mission, and together we will scale profitable and sustainable transportation solutions while integrating OV Loop’s SuperApp Payments and Concierge Services with Skipti’s offerings.”
This acquisition underscores OV Loop’s commitment to innovation, following its recent acquisition of Cultos.io. By merging OV Loop’s SuperApp with Skipti’s driver and asset management technology, the company is set to deliver exceptional value to merchants and consumers.
About OV Loop
OV Loop is pioneering America’s SuperApp commerce network, featuring a private universal wallet and digital mall where buyers, sellers, and influencers can seamlessly interact and transact across various platforms. OV Loop closes the gap between buyers’ wallets and sellers’ POS systems, providing secure, private transactions with personalized rewards. For sellers, OV Loop offers an omnichannel engagement platform designed to boost sales and customer loyalty. Our mission is to eliminate barriers between buyers and sellers, creating a safer, more efficient commerce environment with superior user experiences and economic benefits.
About Skipti
Skipti is a leading rental delivery marketplace that simplifies the complex logistics of equipment pickup and drop-off, including items like Rug Doctor machines and home improvement tools. By offering flexibility and access to a wide range of products without long-term commitments, Skipti enhances customer engagement and satisfaction while promoting sustainable practices.
