A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – TRANSPORT TECH
- Ofo, China-based P2P bicycle rental platform, raised $450M in Series D round led by Didi Chuxing & CITIC Private Equity Funds Management Link
- OlaCabs, India-based cab-hailing service provider raised $330M in Series G round from Softbank Link
- Bluegogo, an app-based bicycle sharing platform, raised $58M in Series A round from Black Hole Capital Link
- Atzuche, China-based P2P car rental site, has raised $58M in Series C round led by China Pacific Insurance Link
- Limebike, US-based bicycle rental platform, raised $12M in Series A round led by Andreessen Horowitz Link
- TravelCar, France-based car sharing service provider, raised $15.8M in Series B round from The PSA Group & MAIF Link
- Skurt, US-based car rental service provider, raised $10M in Series A round led by Upfront Ventures Link
- MyTripCar, a car rental comparison and reservation site, raised $1.27M in Seed round from SEGITTUR Link
- Mobike, China-based bicycle rental platform, raised an undisclosed amount in Series E round from Temasek & Hillhouse Capital Link
- EKar, Abhu Dhabi-based online care rental platform raised an undisclosed Series A round from Audacia Capital Link
- MyTaxi, Dailmer owned taxi hailing app acquired Taxibeat, Greece-based on-demand taxi service provider for $54M Link
- Marcou Transportation Group (MTG), US-based ground transportation provider acquired GroundLink, chauffeur driven car service provider and Limo Anywhere, a software provider to the limousine industry for an undisclosed amount Link
- Fox Rent-A-Car, US-based car rental agency, acquired JustShareIt, P2P car sharing service for an undisclosed amount Link
- Lyft, US-based taxi hailing service provider acquired India-based FinitePaths, app that answers around local questions for an undisclosed amount Link
SOME INTERESTING STARTUPS FOUND
Book by Cadillac (2017, NYC) – Online and app-based self-drive luxury vehicle subscription service.
Spin (2016, SF) – Bicycle rental platform without dock stations.
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.
Ola (2011, Bengaluru, $1.57B) – Ola is an on-demand taxi service in India. Backed by Tiger Global, Matrix Partners, SoftBank, Sequoia, Accel and Didi-Kuaidi among others.
Grab Taxi (2012, Singapore, $1.44B) – GrabTaxi is an automated location-based smart
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
Ofo (2015, Beijing, $585M) – Ofo.so is a P2P bicycle rental platform. Backed by Matrix Partners China, Didi Chuxing, and GSR Ventures China.
MoBike (2015, Shanghai, $325M) – MoBike is a bicycle rental platform. Backed by Foxconn, Tencent, Sequoia, CTrip, Joy Capital, and Panda VC Fund.
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.