Ridecell Continues to Demonstrate New Mobility Leadership.
SAN FRANCISCO– (December 21, 2018) – Ridecell Inc., the leading cloud platform provider for new mobility operators, announced that it has been granted an operating permit for dockless electric bicycle and scooter sharing services in Washington, D.C. As one of several companies awarded a permit to operate mobility services in the nation’s capital, Ridecell is demonstrating continued leadership in building the world’s most comprehensive new mobility cloud while aggregating the full suite of related services and permits needed to launch all forms of new mobility.
Launching a successful mobility service requires more than a technology platform. It requires fleet operations to charge, move and maintain vehicles, insurance, telematics connectivity, and permission from the local government. Ridecell offers the complete technology platform and a full solution launch partnership to bring together all the elements necessary to operate a successful mobility service. The Washington, D.C. grant of a scooter/bike permit re-affirms Ridecell’s model of working as a forward-thinking business partner for our solution partners.
“At Ridecell, we work closely with new mobility service providers. Our launch team members are new mobility consultants, ensuring our customer’s ability to assemble all the components—technical, financial, and legal—to rapidly launch and scale profitable new mobility services”, said Aarjav Trivedi. “Scooter and bike sharing are an important extension of our hardware-agnostic mobility platform. Ridecell applied for these licenses to ensure Ridecell-powered fleets will be able to roll-out micro-mobility services quickly and seamlessly as demand for these popular services increases.”
The District Department of Transportation permit award decision was based on the strength of Ridecell’s proposal submission combined with Ridecell’s breadth of experience as both an operator of a pioneering ridesharing service and as a technology platform provider for leading carsharing and ridesharing operators.
The Ridecell application uniquely contributes to the District of Columbia’s goals as a sustainable, resilient and livable city, enabling connectivity and accessibility throughout the District’s integrated multi-modal and affordable transit system. Examples of unique Ridecell platform capabilities include customizations to implement special pricing for unbanked and under-resourced residents, active fleet management tools to improve efficiency and reduce traffic congestion, such as moving improperly parked vehicles in response to resident complaints, safe and responsible usage with innovative approaches to encourage helmet use by riders, to operate off sidewalks, and park legally at the end of their trip, and modalities to educate and incentivize desired rider behavior.
The Ridecell platform proposal also met municipal goals for a rich stream of real-time data. These data capabilities drive continuous transportation improvements and help optimize transportation infrastructure. The Ridecell platform also minimizes emissions and improves air quality by supporting dockless fleets and swappable batteries.
Ridecell is on a mission to empower new mobility operators, including OEMs, car rental companies, auto clubs, cities, transit agencies, dealer groups, and private fleets to launch, expand, and maximize the utilization of their own ridesharing and carsharing services. Headquartered in San Francisco, the company provides a new mobility cloud platform for carsharing, ridesharing and autonomous ridehailing. End-to-end integration and automation accelerate time-to-market, enabling Ridecell customers to launch mobility services quickly, operate efficiently, and scale revenues as business grows. Through its acquisition of Auro, Ridecell also provides a comprehensive suite of L4 on-vehicle software, sensors and controls that enable autonomous vehicle operation.
Founded in 2009, Ridecell has already processed over 25 million rides and rentals, and has a team of more than 120 professionals in the US, Europe, Asia, and Australia. Ridecell’s Series B round is led by Activate Capital and brings together prominent investors including DENSO, Cox Automotive, Munich Re Venture’s ERGO Fund, Initialized Capital, LG Technology Ventures, BNP Paribas, Penske, Deutsche Bahn, Mitsui, Sony Innovation Fund, Ally Ventures and Khosla Ventures.
The company now powers new mobility offerings, including ReachNow, mobility service from the BMW Group, ZITY by Groupe Renault and Ferrovial, and GIG Carsharing service by AAA. In addition, Ridecell powers dynamic shuttle services for campuses such as Georgia Tech, UC Berkeley, UCSF, 3M, and transit agencies like SouthWest Transit.