Rideco Raises $20 Million In Series A Funding To Accelerate Growth Of Its On-Demand Transit Platform
Rideco Raises $20 Million In Series A Funding To Accelerate Growth Of Its On-Demand Transit Platform
02/17/22, 10:00 AM
Location
waterlooMoney raised
$20 million
Round Type
series a
RideCo, the on-demand transit technology company making public transportation more convenient to ride while remaining cost effective to operate, today announced a $20 million Series A financing round led by Eclipse Ventures, a Palo Alto-based venture capital firm that invests in deep-tech companies that are digitally transforming essential physical industries.
Company Info
Location
waterloo, iowa, united states
Additional Info
RideCo is an industry leader in on-demand transit technology, enabling on-demand ridesharing for public transit riders around the globe. We partner with transit agencies, municipalities, and experienced local fleet operators to design and operate on-demand transit services. Our solutions reduce travel time, decrease walking distance, and increase service frequency for riders while lowering transit agencies' cost-per-ride, reducing demand for parking, and attracting net new riders to transit systems. To learn more about how our proprietary cloud-based platform can revolutionize mobility in your city, visit www.rideco.com.