Ridecell, a San Francisco, CA-based platform for carsharing, ridesharing, and autonomous fleet operators, closed a $28.61m Series B funding round.
The round was led by Cox Automotive, with participation from return investor Initialized Capital and DENSO, Penske, Deutsche Bahn and Mitsui.
Led by CEO Aarjav Trivedi, Ridecell provides new mobility operators, including OEMs, car rental companies, auto clubs, cities, transit agencies, dealer groups, and private fleets with an intelligent software platform to launch, expand, and run new mobility services, such as carsharing, ridesharing, and autonomous fleet management.
Founded in 2009, the company has already processed over 20 million rides and rentals, and has a team of more than 100 professionals in the US, Europe, Asia, and Australia. It now powers new mobility offerings, including ReachNow, mobility service from the BMW Group, ZITY by Groupe Renault and Ferrovial, and GIG Carsharing service by AAA. In addition, Ridecell powers dynamic shuttle services for campuses such as Georgia Tech, UC Berkeley, UCSF, 3M, and transit agencies like SouthWest Transit.