The booking platform for regulated taxis and private hire vehicles, founded two years ago, beat out 500 other mobility start-ups from across Europe.

After a pitch in front of an audience of European leaders, CEOs and investors, the company was awarded the prize alongside three other European startups.

The competition judged companies on several metrics including the strength of their management team, their social impact, and level of innovation and speed of execution.

Karhoo, which has 1.8 million vehicles across six continents on its platform, was judged to be the breakthrough innovation with the most potential to shape the mobility landscape in Europe and around the world.

The company offers a ride-hailing marketplace that brings together regulated, licensed taxi and private hire vehicle fleets from around the world in the form of an electronic platform which can integrate with other travel and leisure operators’ platforms and apps.

The win means Karhoo, which was bought out of administration in January 2017, will receive tailor-made mentoring from the Boston Consulting Group, with the support of legal and corporate partners. Karhoo will now be invited to pitch at Europe’s major tech events.

The victory also provides Karhoo with an official economic and ecological rating issued by experts, including Carbon 4, further strengthening the company’s mission: Sustainable mobility for everyone.

“Karhoo was created to demonstrate that mobility is a common project and not an individual service,” said Karhoo co-CEO Boris Pilichowski.

“We want to use that belief to change mobility in Europe and throughout the world for the better.

“We have always believed that the future for Karhoo is very bright, so it is wonderful to see that view is shared amongst the esteemed judging panel here today.

“To be selected as a Gold Prize winner from over 500 strong entries is a huge honour.”