A Crowdfunded Train In Germany Is Trying To Dismantle The Transportation Monopoly
An eco-friendly German train company is working to give commuters better service and cheaper tickets
As the second-largest transport company in the world and the largest railway operator and infrastructure owner in Europe, Deutsche Bahn (DB) carries about two billion passengers each year. In order to help dismantle the monopoly that DB holds, a new company called Locomore is innovating the rail-service space by providing passengers with a crowdfunded, real alternative.
Locomore’s initial funding started on a German crowdfunding platform called StarNext and successfully raised over 250,000 Euros to develop service that offers passengers modified IC (inter city) coaches fitted with Wi-Fi, power outlets and tables.