Transaera, Inc. | $10,500,000 | (Nov 5, 2024)
Algebrik AI | $4,000,000 | (Nov 5, 2024)
cloudsquid | $1,000,000 | (Nov 5, 2024)
RideCo On-Demand Transit
Canada
- Waterloo, ON
- 17/02/2022
- Series A
- $20,000,000
RideCo is an on-demand transit technology and services company that enables on-demand ridesharing for transit agencies in cities around the globe. We partner with transit agencies and experienced fleet operators to design, simulate, launch and operate on-demand transit services and have launched services with some of the largest agencies in North America.
Our solutions reduce travel time, decrease walking distance, and increase service frequency for riders. This lowers transit agencies’ cost-per-ride, reduces demand for parking, and attracts net new riders to transit systems. Our industry-leading productivity directly results in millions of dollars per year in savings for transit agencies and substantial reductions in vehicle revenue hours and associated vehicle emissions.
RideCo is focused on making transit more accessible for riders and making on-demand transit a financially sound investment for transit agencies.
- Industry Software Development
- Website https://www.rideco.com/
- LinkedIn https://www.linkedin.com/company/rideco/
Related People
Prem GururajanCo Founder
Canada -
Waterloo, Ontario,
Founder at RideCo. Founder at Tangam Systems.
RIDECO: Fleet operators and public transit agencies around the world use RideCo’s cloud based ‘dynamic shuttle’ software platform to provide on-demand shared rides in dynamically routed buses, vans, and cars. Our solution works in real-time at large scale across a mixed fleet of vehicles from buses to sedans in both high- and low-density urban environments. We build technology for next-generation transit. Imagine a world where vehicles have dynamic routes responsive to real-time trip demand. This ‘dynamic shuttle’ (or van /sedan) would pick you up, on-demand, at or near your doorstep and take you to your destination or transit hub. Along the way, it may pick-up other passengers going your way. Your experience will be seamless: less waiting, less walking, fewer transfers, and shorter travel time. RideCo enables this experience and low-cost shared rides for vehicle fleet operators and their passengers. [http://www.rideco.com]
TANGAM SYSTEMS: provides award-winning logistics and optimization software for casino resorts, enabling managers to effectively manage their product mix, spreads, staffing levels, schedules and pricing. Our software provides control and transparency to management, better experiences for their customers, and improved profitability for the organization. Our clients range from Fortune 500 businesses to some of the best-known brands in the hospitality industry and include operators in the U.S., Canada, E.U., Australia, Macau, Philippines, and New Zealand. [http://www.tangamsystems.com]
Author of multiple awarded and pending patents in the fields of computer vision, operations research, and urban transportation systems. Co-inventor of a new mass-transit optimization technology that launched in 2015 with one of the world's largest passenger transportation operators. Co-inventor of the gaming industry’s first optimization and yield management software system that is used in resorts around the world.
Cintoo | $40,246,701 | (Nov 5, 2024)
Further | $4,100,000 | (Nov 5, 2024)
Plato | $6,500,000 | (Nov 5, 2024)
Advex AI | $3,500,000 | (Nov 5, 2024)
Birl | $647,878 | (Nov 5, 2024)
Insider. | $500,000,000 | (Nov 5, 2024)
OpenOrigins | $4,500,000 | (Nov 1, 2024)
Persana AI | $2,300,000 | (Nov 1, 2024)
Definition Health | $7,412,756 | (Nov 1, 2024)