ridecell

Autonomous vehicles and software developer Ridecell raises $60 million in second funding round

November 19, 2018 by Sam Francis

Ridecell, a developer of autonomous a ride-hailing platform, which includes software and driverless vehicles, has expanded its Series B equity investment round.

The new investments have more than doubled the capital raised in the initial Series B round – $28 million announced in May – to more than $60 million.

The complete Series B round is now being led by Activate Capital, and Raj Atluru, managing director and co-founder of the firm, will join the company’s board as the first outside director. [Read more…] about Autonomous vehicles and software developer Ridecell raises $60 million in second funding round

Carsharing startup Ridecell closes $30 million new funding round

May 31, 2018 by Sam Francis

Ridecell, the platform for carsharing, ridesharing, and autonomous fleet operators, has closed its Series B funding round of $28.61 million.

The investment round was led by Cox Automotive, with participation from return investor Initialized Capital.

Additional funding came from industry partners across the mobility ecosystem, including Denso, Penske, Deutsche Bahn and Mitsui. [Read more…] about Carsharing startup Ridecell closes $30 million new funding round

Ridecell buys Auro Robotics and launches ‘first complete’ autonomous mobility platform

November 9, 2017 by Editor

Ridecell, which provides a platform for carsharing and ridesharing operators, has acquired Auro Robotics, a California-based developer of autonomous vehicle technology, in an all-stock transaction.

Ridecell also announced the public availability of its autonomous operations platform which has successfully been used in autonomous pilot programs.

With these two initiatives, Ridecell says it now offers “the industry’s first complete autonomous new mobility solution that enables on-demand autonomous shuttle mobility service in low-speed, private-road settings”. [Read more…] about Ridecell buys Auro Robotics and launches ‘first complete’ autonomous mobility platform