The IT company Mobilly earned revenues of EUR 4.169 million last year, which was 40.3% more than the year before, according to information on the Firmas.lv portal. The company’s profits soared to EUR 850,088, which was 4.3 times more.

The company’s annual report stated that all of Mobilly’s areas of business developed successfully last year, including a boost in the use of parking spaces, the sale of transport tickets, and the number of charging facilities for electric vehicles.

Increasing numbers of people used the Mobilly app last year thanks to growth in the car park market and the popularity of public transportation tickets in Riga.

The company continued to develop its mobile app and payment system last year with a central focus on improving security.

Management say that past investments in EV charging services have led to an increase in customer numbers, as well as revenues from such services.

The number of active customers rose by more than 16% last year, an management point out that the number of corporate customers has also been growing year on year.

In 2023, Mobilly earned revenues of EUR 2.971 million, which was 37.9% more than the previous year, while profits increased severalfold to EUR 198,767.

Mobilly was established in 2023 with share capital of EUR 544,983. It is wholly owned by Mobilly SPV, with Valdis Bergs controlling 80.02% of capital and 9.99% belonging respectively to Civinity Majas Jurmala and V Baltic Partners.

Source: BNS

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