Ridecell Inc., a San Francisco, CA-based fleet platform for digital transformation, secured $45m in Series C financing round.
The round was led by new investor, Fort Ross Ventures, with participation from new investor Solasta Ventures and existing investors Activate Capital, DENSO, LG Technology Ventures, and Initialized Capital.
The company intends to use the funds to accelerate international growth, its ability to support larger customers globally, and extend its platform’s core automation and digitization capabilities.
Led by Aarjav Trivedi, CEO, Ridecell provides a data insights and workflow automation platform for fleets, motor pools, and trucking and logistics companies to provide a safe driver experience and 24/7, self-service operations without retail staff or dedicated brick and mortar locations, reducing both risk and operational expenses. Fleet providers can use the its APIs, SDK, real-time data platform, and pre-integrated partner solutions to manage fleet data, workflow automation, and vehicle access.
In recent months, government, corporate, trucking, and new-mobility fleets, including Penske, Toyota Sweden, Renault, and AAA, have used the company’s platform to automate and digitize their services.
Ridecell teams work with customers operating globally out of offices in San Francisco, California, Madrid, Spain, Paris, France, Berlin, Germany, and Pune, India.