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ridecell

Kanglim invests in Ridecell and forms partnership to create IoT platform for industrial vehicles

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Kanglim, a South Korean builder of specialty industrial vehicles, has formed a strategic alliance with Ridecell, a provider of a platform for fleet-driven businesses.

Ridecell will collaborate with Kanglim to develop an IoT automation and mobility platform for specialty industrial vehicle fleets.

Kanglim’s vehicles include industrial cranes, fire trucks, electrical work vehicles, aerial platforms, military and police equipment, and pump vehicles. [Read more…] about Kanglim invests in Ridecell and forms partnership to create IoT platform for industrial vehicles

Toyota’s Woven Capital invests in autonomous vehicle fleet platform Ridecell

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Woven Capital, a venture capital unit of Toyota, has made an investment in Ridecell, a platform powering digital transformations and IoT automation for fleet-driven businesses.

Woven Capital is an $800 million global investment fund that supports innovative, growth-stage companies in mobility, automation, artificial intelligence, data and analytics, connectivity, and smart cities.

It is the investment arm of the Woven Planet Group, a Toyota subsidiary which says it is “dedicated to building the safest mobility in the world”. [Read more…] about Toyota’s Woven Capital invests in autonomous vehicle fleet platform Ridecell

Ridecell launches ‘first ever platform’ to convert vehicle data into automated operations

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Ridecell, a provider of automation for vehicle fleets, has launched its Fleet IoT Automation, which it describes as “the first IoT driven automation platform designed specifically for fleet-based businesses”.

Fleet IoT Automation integrates data insights with digital vehicle control to turn today’s manual processes into automated workflows.

The result is a self-acting fleet digitalization system that doesn’t just create alerts around issues or opportunities but helps the operations and business teams configure intelligent automation to respond to revenue opportunities and resolve fleet issues proactively. [Read more…] about Ridecell launches ‘first ever platform’ to convert vehicle data into automated operations

Wrapify, Kiwibot and Gong partner for ‘first’ autonomous bot delivery campaign

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Wrapify, the advertising tech platform for brands powered by out-of-home and the gig economy, has agreed a “first-of-its-kind” autonomous bot delivery campaign alongside partners Kiwibot, the delivery robot company, and Gong, the revenue intelligence platform, kicking off in San Jose and coming soon to Denver and Los Angeles.

Robotic delivery services can promise contactless delivery, a highly sought-after service under mandates of social distancing.

With autonomous bots on the rise, Wrapify’s Boost provides these delivery operators with a brand-new transit media revenue stream with the ability to provide brand and agency clients robust attribution reporting, data visualization and multi-channel retargeting capabilities. [Read more…] about Wrapify, Kiwibot and Gong partner for ‘first’ autonomous bot delivery campaign

Ridecell raises $45 million in latest funding round

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Ridecell, the startup providing fleet management software for autonomous vehicles, has secured $45 million in its Series C financing round.

The round was led by new investor, Fort Ross Ventures, and includes new investor Solasta Ventures.

Existing investors Activate Capital, Denso, LG Technology Ventures, and Initialized Capital also participated in the round. [Read more…] about Ridecell raises $45 million in latest funding round

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

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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

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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

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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

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