Robotics & Automation News

Market trends and business perspectives

ridecell

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

by

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

by

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

by

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

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close