A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – TRANSPORT TECH
- Careem, Middle East based ride-hailing service provider raised $350M in Series D round led by Rakuten and Saudi Telecom Company (STC). Link
- Mobike, China-based bicycle rental platform, raised $215M in Series D round led by Tencent, Sequoia & CTrip. Link
- 99 (formerly 99 Taxis), Brazil-based cab-hailing service provider raised $100M in Series D round from Didi Chuxing. Link
- Hyperloop Transportation, a mobility solution provider based on Hyperloop technology, raised $30M in Series B round led by EdgeWater Capital. Link
- Zebra Cabs, on-demand ride-hailing service provider, raised $21.6M in Series A round led by Futuregrowth. Link
- Zagster, US-based bicycle rental platform raised $10M in Series B round led by Edison Partners. Link
- Revv, India-based self-drive car rental raised $9M in Series A round led by Edelweiss Private Equity. Link
- Mojio, an open platform for connected car services raised an additional $7M in Series A round. Link
- Grab, SEA-based taxi booking app raised an undisclosed amount from Tokyo Century Corp in strategic investment. Link
- Mobike, China-based bicycle rental platform snags strategic investment from Foxconn. Link
- Gett, an on-demand ride service, secured $100M in loan from Sberbank. Link
- Karhoo, global cab-comparison app, has been brought out of administration and assets have been acquired by Renault’s financial services division RCI Bank and Services for $1M. Link
- Volkswagen Group launched its new mobility services company, MOIA. Link
- Uber, an on-demand taxi service provider acquired Geometric Intelligence, a New York-based startup, and using the 15-person team to launch a new artificial intelligence division within Uber, called Uber AI Labs. Link
- Hyperloop Transportation Technologies (HTT) has signed an agreement to explore connecting a hyperloop system from Slovakia to Czech Republic. Link
SOME INTERESTING STARTUPS FOUND
SendaRider (2016, Oklahoma City) – Online and app-based platform that provides on-demand care and transportation services to children and elder people.
Samocat (2016, Strasbourg) – Kick scooter rentals provider. Also, have an app to pay and unlock the kick scooters.
LEADER BOARD – TRANSPORT TECH
Taxi
Uber (2009, SF, $10.71B) – Uber is an on-demand taxi service provider. Backed by First Round Capital, Benchmark, Menlo Ventures, Baidu, Fidelity Investments, Google Ventures and Tata Capital among others.
Didi Chuxing (2012, Beijing, $8.32B) – Didi Chuxing is a company made up of China’s two largest taxi-hailing firms- Didi Dache and Kuaidi Dache as result of a merger in Feb 2015. Backed by Tencent and Alibaba among others.
Lyft (2012, SF, $2.11B) – Lyft facilitates cab hailing and peer-to-peer ridesharing by connecting passengers who need a ride with drivers. Majority ride providers are professional drivers. Backed by A16Z, Alibaba, and Facebook among others.
Grab Taxi (2012, Singapore, $1.44B) – GrabTaxi is an automated location-based smart
Ola (2011, Bengaluru, $1.24B) – Ola is an on-demand taxi service in India. Backed by Tiger Global, Matrix Partners, SoftBank, Sequoia, Accel and Didi-Kuaidi among others.
Self Drive Cars
eHi Car Services (2006, Shanghai, IPO) – eHi is a car rental service provider. Backed by CTrip, Enterprise Holdings, and Goldman Sachs among others.
Turo (2009, SF, $101M) – Turo is a P2P car sharing platform. Backed by KPCB, Google ventures, August Capital and GM ventures among others.
Car Pooling
BlaBlacar (2004, Paris, $311.5M) – BlaBlaCar connects drivers who have empty seats with people looking for a ride through their car share service. Focuses on longer trips. Backed by Index ventures, Accel and Insight partners among others.
On-Demand Driver
Edaijia (2011, Beijing, $125M) – Edaijia allows users to find and connect with the nearest available temporary drivers via their app. Backed by LSVP and Matrix Partners among others.
Nontraditional
Hyperloop One (2014, LA, $160M) – Hyperloop is a vacuum tube-based transportation tech
Public Transport
Moovit (2011, Ness Ziona, $81.5M) – Moovit gives commuters a complete real-time snapshot of what their trip will be like and suggests the fastest, most comfortable routes. Backed by Sequoia and Gemini investors among others.
Smart Shuttle Service
Dada bus (2014, Shenzhen, $59M) – Dada Bus is a bus ridesharing app for a shuttle service that leverages big data to smartly match users with routes.
Bi-Cycle
MoBike (2015, Shanghai, $325M) – MoBike is a bicycle rental platform. Backed by Foxconn, Tencent, Sequoia, CTrip, Joy Capital, and Panda VC Fund.
Ofo (2015, Beijing, $135M) – Ofo.so is a P2P bicycle rental platform. Backed by Matrix Partners China, Didi Chuxing, and GSR Ventures China.
Employee Transportation
Move In Sync (2009, Bengaluru, $5M) – MoveInSync Technology Solutions is an employee transportation soluti
Motorized Two Wheeler
Go-Jek (2010, Jakarta, $550M) – Go-Jek is a bike taxi aggregator. Backed by Sequoia, KKR, and Warburg Pincus among others.
Traffic Management
Inrix (2004, Kirkland, $133M) – Inrix is a SaaS company which provides applications pertaining to road traffic control. It is a serial acquirer targeting comprehensive traffic data. Backed by August Capital, Venrock, Bain Capital, KPCB, Intel Capital, Porsche.
Car Sharing Tech
Vulog (2006, Paris, $9M) – Vulog is a provider of in-car technology and modular software platform for car sharing. Backed by Bpifrance, Conseil Plus Gestion, Paca Investment, ETF Partners.
Maps Routing
mapbar (2004, Beijing, $78M) – mapbar is a provider of online and wireless maps. Backed by IDG Capital.
Waze (2004, Beijing, $67M, Acq.) – Waze is a provider of social driving and navigation app. Backed by Kleiner Perkins Caufield, Byers Digital Growth Fund, Qualcomm Ventures, and iFund among others. Acquired by Google.
Parking
Luxe (2013, SF, $75.5M) – Luxe provides on-demand valet parking service. Backed by Hertz Global Holdings, Redpoint Ventures and Venrock among others.
Streetline (2005, SF, $50M) – Streetline has developed a device to find empty parking spaces. Backed by True Ventures, Citi Group, RockPort Capital and Sutter Hill Ventures among others.
Fleet Management
Zenith (1989, Leeds, $99M, Acq.) – Zenith provides leasing, fleet management, and vehicle outsourcing services. Backed by Dunedin and Equistone Partners. Acquired by HgCapital.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest update visit Transport Tech feed.