rideOS, a technology platform designed to accelerate the safe, global rollout of next-generation transportation fleets, raised $25 million in Series B funding. Next47, the Siemens-backed global venture firm, led the round with participation from existing investor Sequoia Capital and a new investor, Singapore-based ST Engineering
Enterprise IoT company Samsara today announced $50 million in growth capital from investors Andreessen Horowitz and General Catalyst. Samsara offers transportation companies a complete data platform for their operations, combining real-time GPS tracking, wireless sensors, video, and mobile applications that improve the efficiency of customers'
According to a recent SEC filing, personal rapid transit (PRT) system skyTran raised $6.5 million in financing from an undisclosed investor. skyTran is a patented, high-speed, elevated PRT system that, according to the company, transports passengers in a fast, safe, green, and economical manner. Its network
HopSkipDrive, a ride service for families, completed $7.4 million in financing from Student Transportation. Based in Los Angeles, HopSkiDrive helps families throughout Los Angeles, Orange County, and the Bay Area get kids where they need to go with vetted CareDrivers. According to the company, each CareDriver
LESS, a carpooling app that facilitates instant matches between drivers and riders, announced it secured $19 million in financing from Index Ventures and Daphni. The company connects people driving cars with people willing to move around in a collaborative environment “on the fly.” According to LESS,
LimeBike announced the close of $50 million in Series B financing led by Coatue Management. Franklin Templeton, GGV Capital, Section 32, AME Cloud Ventures, StartX, Durant Company, Andreessen Horowitz, and DCM Ventures also participated. LimeBike aims to revolutionize mobility in cities and campuses by empowering
Chinese startup JingChi announced the close of $52 million in Series A financing. Three investors participated in the round, among them Qiming Ventures and NVIDIA. JingChi is a mobility company using artificial intelligence to make every trip safe, efficient, and cost-effective. The company’s technology includes LiDAR
Transit announced it has secured $5 million in Series A financing led by Accel Partners. Accomplice, Real Ventures, and BDC Venture Capital also participated. Transit aims to simplify local travel in 130 cities worldwide. The app shows users nearby transport options and departure times in
Hyperloop One closed $85 million in Series B financing from Caspian Venture Capital, putting the company’s valuation at more than $700 million. Hyperloop One aims to reinvent transportation and eliminate barriers of time and distance by using Hyperloop transport to move cargo and passengers efficiently
Time Map by Mapbox rethinks maps based on time to travel. Developed by an in-house team at Mapbox, a large provider of custom online maps for websites. Time Map by Mapbox preserves the direction of each point relative to the user, but the visual distance