Sidecar Raises $10M

sidecarSidecar, a San Francisco, CA-based transportation network created for and powered by everyday people, raised vc funding from Union Square Ventures.

The deal reportedly amounted to $10m.

The company intends to use the funds to build out the infrastructure to scale the platform.

Led by Sunil Paul, founder and CEO, and Jahan Khanna, CTO, Sidecar is building a transportation network with pre-vetted drivers. The company’s safety system includes driver background checks, driver and rider rating systems, GPS tracking features and the ability to share details of a trip in real-time.

Founded in 2012, it currently operates in ten cities and has facilitated more than half a million rides. The app is availble for iOS and Android.

Investors in the company also include Lightspeed Venture Partners and Google Ventures.



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