Ridecell was founded in 2009 by Aarjav Trivedi, ArunKumar Elangovan, and Chris Wilkins. The company has not publicly endorsed plans to participate in an IPO.
Ridecell is a vehicle fleet management platform that offers automation tools to meet the needs of multiple industries. Headquartered in San Francisco, the company maintains additional offices in Spain, France, Germany, and India. In 2017, Ridecell acquired Auro Robotics, a self-driving shuttle service. The company has raised more than $130 million in venture capital funding from investors including Fort Ross Ventures, Solasta Ventures, Activate Capital, DENSO, LG Technology Ventures, and Initialized Capital. Ridecell did not disclose valuation figures following a $45 million Series C funding round in 2020.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
04/13/2023 | Series C-2 | $5MM | $xx.xx | $706.25MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
397,855
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
04/13/2023 | Series C-3 | $26.29MM | $xx.xx | $706.25MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,642,581
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
06/17/2021 | Series C-1 | $15.83MM | $xx.xx | $506.84MM | Activate Capital, Denso, Fort Ross Ventures, Initialized Capital, Lg Technology Ventures, Solasta Ventures, Woven Capital | |
Price per Share
$xx.xx
Shares Outstanding
1,591,419
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Activate Capital, Denso, Fort Ross Ventures, Initialized Capital, Lg Technology Ventures, Solasta Ventures, Woven Capital
|
||||||
06/17/2021 | Series C | $163.06MM | $xx.xx | $506.84MM | Activate Capital, Denso, Fort Ross Ventures, Initialized Capital, Lg Technology Ventures, Solasta Ventures, Woven Capital | |
Price per Share
$xx.xx
Shares Outstanding
16,388,945
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Activate Capital, Denso, Fort Ross Ventures, Initialized Capital, Lg Technology Ventures, Solasta Ventures, Woven Capital
|
||||||
11/13/2018 | Series B | $60.86MM | $xx.xx | $252.51MM | Activate Capital, Ally Ventures, Bnp Paribas, Cox Automative, Denso, Deutsche Bahn, Ergo Fund, Initialized Capital, Khosla Ventures, Lg Technology Ventures, Mitsui, Penske, Sony Innovation Fund | |
Price per Share
$xx.xx
Shares Outstanding
6,898,028
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Activate Capital, Ally Ventures, Bnp Paribas, Cox Automative, Denso, Deutsche Bahn, Ergo Fund, Initialized Capital, Khosla Ventures, Lg Technology Ventures, Mitsui, Penske, Sony Innovation Fund
|
||||||
04/08/2016 | Series A | $17.61MM | $xx.xx | $105.93MM | Bmw I Ventures, Gokul Rajaram, Khosla Ventures, Mark Platshon, Mehul Nariyawala, Michael Granoff, Navneet Dalal | |
Price per Share
$xx.xx
Shares Outstanding
3,047,379
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bmw I Ventures, Gokul Rajaram, Khosla Ventures, Mark Platshon, Mehul Nariyawala, Michael Granoff, Navneet Dalal
|