Transportation startup Optimus Ride closed $18 million in Series A financing led by Greycroft Partners. Emerson Collective and Fraser McCombs Capital also participated in the offering.
Optimus Ride is an MIT-spinoff company based in Cambridge, MA, that develops safe, sustainable self-driving technologies. The company, founded in 2015, combines more than 30 years of interdisciplinary university research in self‑driving technologies, electric vehicles, and mobility-on-demand systems. Its team members have deep experience in manufacturing robots, urban design, and shared vehicle fleet management. The company is using the capital to scale its current vehicle fleet and to make strategic hires.
