40 Best Ride Sharing Startups Startups to Watch in [2023]

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40 Best Ride Sharing Startups Startups to Watch in [2023]

Have you ever wondered who is on the list of Ride Sharing Companies with the highest growth rates?

You’re not alone.

There are hundreds of Ride Sharing Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 40 fast-growing Ride Sharing Startups that have top-tier venture capital funding.

What are Ride Sharing Startups?

Ride sharing startups are companies that offer ride sharing services, allowing people to share transportation to their destination. This can include carpooling, ride hailing, and/or bike sharing. 

Generally, ride sharing startups use technology to make it easier for people to find and book a ride with a driver in their area. They typically use smartphone apps to connect riders and drivers, and offer various payment options.

Top 40 Fastest-Growing Startups In Ride Sharing

1) Ola

Ola is an Indian mobility platform and ride-hailing firm.

Details of the startup:

  • Country: India
  • City: Kormangala
  • Started in: 2010
  • Founders: Ankit Bhati, Bhavish Aggarwal
  • Number of employees: 5001-10000
  • Funding amount: $3,808,672,049
  • Number of funding rounds: 25
  • Number of investors: 45

You can find their website here.

2) Bird

Bird creates a vehicle sharing network that offers low-cost transportation to communities all around the world.

Details of the startup:

  • Country: United States
  • City: Santa Monica
  • Started in: 2017
  • Founders: Travis VanderZanden
  • Number of employees: 501-1000
  • Funding amount: $623,000,000
  • Number of funding rounds: 9
  • Number of investors: 32

You can find their website here.

3) Bolt

Bolt is a transportation platform that offers services such as ride hailing, micromobility, and meal delivery.

Details of the startup:

  • Country: Estonia
  • City: Tallinn
  • Started in: 2013
  • Founders: Markus Villig, Martin Villig, Oliver Leisalu
  • Number of employees: 1001-5000
  • Funding amount: $616,792,995
  • Number of funding rounds: 11
  • Number of investors: 27

You can find their website here.

4) Lime

Lime makes it possible for individuals to get around their cities in a cost-effective and convenient manner while reducing their carbon footprint.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2017
  • Founders: Adam Zhang, Brad Bao, Caen Contee, Charlie Gao, Kazuma Furuki, Toby Sun
  • Number of employees: 501-1000
  • Funding amount: $945,000,000
  • Number of funding rounds: 13
  • Number of investors: 50

You can find their website here.

5) TIER Mobility

TIER Mobility is a micro-mobility firm that offers clients long-term ride-sharing options.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2018
  • Founders: Julian Blessin, Lawrence Leuschner, Matthias Laug
  • Number of employees: 501-1000
  • Funding amount: $447,948,158
  • Number of funding rounds: 6
  • Number of investors: 18

You can find their website here.

6) Ridecell

For automobile rental firms, Ridecell provides car-sharing, ride-sharing, short-term leases, and autonomous vehicle fleet services.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2009
  • Founders: Aarjav Trivedi, ArunKumar Elangovan, Steve Dickerson
  • Number of employees: 101-250
  • Funding amount: $134,754,653
  • Number of funding rounds: 9
  • Number of investors: 29

You can find their website here.

7) Affectiva

Affectiva is a company that makes software that recognizes emotions by analyzing minor facial and speech cues.

Details of the startup:

  • Country: United States
  • City: Boston
  • Started in: 2009
  • Founders: Rana el Kaliouby, Rosalind Picard
  • Number of employees: 51-100
  • Funding amount: $62,550,000
  • Number of funding rounds: 7
  • Number of investors: 17

You can find their website here.

8) Whim

Whim is a mobility-as-a-service provider that bundles all city transportation services into a single app for its customers.

Details of the startup:

  • Country: Finland
  • City: Helsinki
  • Started in: 2015
  • Founders: Kaj Pyyhtia, Sampo Hietanen
  • Number of employees: 51-100
  • Funding amount: € 53,700,000
  • Number of funding rounds: 5
  • Number of investors: 12

You can find their website here.

9) dott

Dott provides dockless, shared electric scooters and bikes as short-distance transportation options.

Details of the startup:

  • Country: The Netherlands
  • City: Amsterdam
  • Started in: 2018
  • Founders: Henri Moissinac, Maxim Romain
  • Number of employees: 51-100
  • Funding amount: $140,844,538
  • Number of funding rounds: 4
  • Number of investors: 17

You can find their website here.

10) Careem

Careem is a company that creates an app that assists Dubai commuters in finding a car to rent.

Details of the startup:

  • Country: United Arab Emirates
  • City: Dubai
  • Started in: 2012
  • Founders: Abdulla Elyas, Magnus Olsson, Mudassir Sheikha, Wael Nafee
  • Number of employees: 1001-5000
  • Funding amount: $771,700,000
  • Number of funding rounds: 7
  • Number of investors: 22

You can find their website here.

11) Via

Via is a re-engineering public transportation firm that develops and offers commuters with on-demand public mobility solutions.

Details of the startup:

  • Country: United States
  • City: New York
  • Started in: 2012
  • Founders: Daniel Ramot, Oren Shoval
  • Number of employees: 1001-5000
  • Funding amount: $647,064,111
  • Number of funding rounds: 7
  • Number of investors: 23

You can find their website here.

12) Cabify

Cabify is a Latin American, Spanish, and Portuguese ride-sharing startup.

Details of the startup:

  • Country: Spain
  • City: Madrid
  • Started in: 2011
  • Founders: Adrian Merino, Francisco Montero, Juan De Antonio, Sam Lown, Vicente Pascual
  • Number of employees: 1001-5000
  • Funding amount: $477,000,000
  • Number of funding rounds: 9
  • Number of investors: 25

You can find their website here.

13) Didi

Didi is a mobile platform that provides transportation services via an app.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2012
  • Founders: Bo Zhang, Wei Cheng
  • Number of employees: 5001-10000
  • Funding amount: $23,246,700,000
  • Number of funding rounds: 24
  • Number of investors: 43

You can find their website here.

14) BlaBlaCar

BlaBlaCar is a long-distance carpooling website that links drivers with empty seats and passengers to split the expense of travel.

Details of the startup:

  • Country: France
  • City: Paris
  • Started in: 2006
  • Founders: Francis Nappez, Frédéric Mazzella, Nicolas Brusson
  • Number of employees: 251-500
  • Funding amount: $563,534,130
  • Number of funding rounds: 7
  • Number of investors: 15

You can find their website here.

15) BusUp

Global Commuter Shuttle Service Provider with a Ground-Breaking Solution that Enables Shared and Flexible Commuter Shuttle Programs

Details of the startup:

  • Country: Spain
  • City: Barcelona
  • Started in: 2016
  • Founders: Alex Canals, Danilo Tamelini, Eva Romagosa, Rui Stoffel Fernandes
  • Number of employees: 51-100
  • Funding amount: $9,123,881
  • Number of funding rounds: 5
  • Number of investors: 6

You can find their website here.

16) Vulog

Vulog creates technology that powers the world’s most successful shared mobility enterprises.

Details of the startup:

  • Country: France
  • City: Nice
  • Started in: 2006
  • Founders: David Emsellem, Georges GALLAIS
  • Number of employees: 51-100
  • Funding amount: € 53,100,000
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

17) Grab

Grab is a mobile app that offers transportation, logistics, and banking services.

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2012
  • Founders: Anthony Tan, Tan Hooi Ling
  • Number of employees: 10001+
  • Funding amount: $12,147,750,000
  • Number of funding rounds: 33
  • Number of investors: 54

You can find their website here.

18) Wunder Mobility

Wunder Mobility is a technology and service platform that helps businesses and towns all over the world establish and grow new mobility initiatives.

Details of the startup:

  • Country: Germany
  • City: Hamburg
  • Started in: 2014
  • Founders: Gunnar Froh, Samuel Baker
  • Number of employees: 101-250
  • Funding amount: $70,000,000
  • Number of funding rounds: 5
  • Number of investors: 25

You can find their website here.

19) BluSmart Mobility

BluSmart is an electric vehicle fast charging network and a zero-emission ridehailing service.

Details of the startup:

  • Country: India
  • City: Ahmedabad
  • Started in: 2019
  • Founders: Anmol Jaggi, Punit Goyal
  • Number of employees: 51-100
  • Funding amount: $17,062,939
  • Number of funding rounds: 5
  • Number of investors: 20

You can find their website here.

20) Yulu

Yulu is a micro-mobility platform in India that uses shared electric two-wheelers to alleviate traffic congestion and pollution.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2017
  • Founders: Amit Gupta, Hemant Gupta, Naveen Dachuri, RK Misra
  • Number of employees: 101-250
  • Funding amount: $19,900,000
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

21) Socar Malaysia

Socar is a car-sharing network in Malaysia.

Details of the startup:

  • Country: Malaysia
  • City: Kuala Lumpur
  • Started in: 2017
  • Number of employees: 101-250
  • Funding amount: $18,000,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

22) ofo

Ofo is a bike-sharing platform that operates entirely online and through a mobile app.

Details of the startup:

  • Country: China
  • City: Haidian
  • Started in: 2014
  • Founders: Wei Dai, Xue Ding, Yang Pinjie, Yu Xin, Zhang Siding, Zhang Yanqi
  • Number of employees: 1001-5000
  • Funding amount: $2,151,231,992
  • Number of funding rounds: 9
  • Number of investors: 23

You can find their website here.

23) Heetch

Heetch is a ride-sharing app that caters to late-night commuters by providing an alternative to taxis.

Details of the startup:

  • Country: France
  • City: Paris
  • Started in: 2013
  • Founders: Aylic Petit, Mathieu Jacob, Teddy Pellerin
  • Number of employees: 101-250
  • Funding amount: $75,250,000
  • Number of funding rounds: 6
  • Number of investors: 10

You can find their website here.

24) DUCKT

Duckt is a solution for micromobility infrastructure. For better operations, a better experience for people, and a better city, we dock, lock, and charge.

Details of the startup:

  • Country: Estonia
  • City: Tallinn
  • Started in: 2019
  • Founders: Cagri Selcuklu, Evren Yazıcı, Goksen Atalay
  • Number of employees: 1-10
  • Funding amount: € 800,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

25) Bykea

Bykea is a social impact app that saves clients time and money by providing INSTANT transport and courier services.

Details of the startup:

  • Country: Pakistan
  • City: Karachi
  • Started in: 2016
  • Founders: Muneeb Maayr
  • Number of employees: 101-250
  • Funding amount: $18,700,000
  • Number of funding rounds: 2
  • Number of investors: 3

You can find their website here.

26) Hello TransTech

Hello TransTech (previously HelloBike) is a Chinese company that creates smart-sharing bikes for short-distance travelers.

Details of the startup:

  • Country: China
  • City: Shanghai
  • Started in: 2016
  • Founders: Han Mei, Jiang Wei, Li Kaizhu, Yang Lei
  • Number of employees: 1001-5000
  • Funding amount: $1,754,944,610
  • Number of funding rounds: 7
  • Number of investors: 7

You can find their website here.

27) Trafi

Trafi is a mobility-as-a-service platform that helps communities and businesses achieve their objectives by providing shared transportation solutions.

Details of the startup:

  • Country: Lithuania
  • City: Vilnius
  • Started in: 2013
  • Founders: Algimantas Krasauskas, Dr. Jurgis Pasukonis, Mantas Vizbaras, Martynas Gudonavicius
  • Number of employees: 51-100
  • Funding amount: $14,000,000
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

28) Beat

Beat gives consumers a fresh transportation experience by connecting them in real time with nearby available drivers.

Details of the startup:

  • Country: Greece
  • City: Athens
  • Started in: 2011
  • Founders: Kostis Sakkas, Michael Sfictos, Nick Drandakis, Nikos Damilakis
  • Number of employees: 251-500
  • Funding amount: $6,870,081
  • Number of funding rounds: 4
  • Number of investors: 3

You can find their website here.

29) eBikeGo

eBikeGo is a one-of-a-kind revolutionary enterprise that provides environmentally friendly transportation via eBikeGo rental and delivery.

Details of the startup:

  • Country: India
  • City: Mumbai
  • Started in: 2019
  • Founders: Hari Kiran P, Irfan Khan, Kedar Soman
  • Number of employees: 51-100
  • Funding amount: $2,200,000
  • Number of funding rounds: 3
  • Number of investors: 10

You can find their website here.

30) Grin Scooters

Grin Scooters is a Latin American micromobility firm that combined with Yellow to form Grow Mobility.

Details of the startup:

  • Country: Mexico
  • City: Mexico City
  • Started in: 2018
  • Founders: Bryan Zambrano, Guilherme Freire, Jonathan Lewy, Karime German, Luis Isaac Ramirez, Sergio Romo
  • Number of employees: 101-250
  • Funding amount: $72,652,616
  • Number of funding rounds: 5
  • Number of investors: 18

You can find their website here.

31) tembici.

tembici. is a bike-sharing firm based in Brazil.

Details of the startup:

  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2012
  • Founders: Maurício Villar, Tomás Martins
  • Number of employees: 501-1000
  • Funding amount: $62,000,000
  • Number of funding rounds: 2
  • Number of investors: 4

You can find their website here.

32) Yellow

Yellow is an online micromobility platform that allows users to rent bikes and e-scooters.

Details of the startup:

  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2017
  • Founders: Ariel Lambrecht, Eduardo Musa, Renato Freitas
  • Number of employees: 501-1000
  • Funding amount: $125,300,000
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

33) ONN Bikes

We’re a micromobility platform that makes first- and last-mile transit easier.

Details of the startup:

  • Country: India
  • City: Mumbai
  • Started in: 2015
  • Founders: Namit Jain, Shanky Munoth
  • Number of employees: 101-250
  • Funding amount: $791,935
  • Number of funding rounds: 3
  • Number of investors: 9

You can find their website here.

34) QuickRide

In Bangalore, there are apps for carpooling, bikepooling, and ridesharing.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2014
  • Founders: Knm Rao
  • Number of employees: 11-50
  • Funding amount: $14,300,000
  • Number of funding rounds: 2
  • Number of investors: 3

You can find their website here.

35) Zypp

Zypp is an e-scooter sharing and rental platform that helps businesses with last-mile mobility, delivery, and campus rentals.

Details of the startup:

  • Country: India
  • City: Gurgaon
  • Started in: 2017
  • Founders: Akash Gupta
  • Number of employees: 51-100
  • Funding amount: $2,500,000
  • Number of funding rounds: 3
  • Number of investors: 6

You can find their website here.

36) SWAT Mobility

A tech business established in Singapore that specializes in demand-responsive shared transportation, making commuting easier for everyone.

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2015
  • Founders: Arthur Chua, Jarrold Ong, Nicholas Jachowski, Shijing SJ Lin
  • Number of employees: 51-100
  • Funding amount: $12,263,720
  • Number of funding rounds: 4
  • Number of investors: 8

You can find their website here.

37) Wicked Ride

Motor vehicle sharing on a peer-to-peer basis

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2014
  • Founders: Anil G, Varun Agni, Vivekananda Hallekere
  • Number of employees: 101-250
  • Funding amount: $24,444,940
  • Number of funding rounds: 5
  • Number of investors: 6

You can find their website here.

38) Bynd

Bynd creates a carpooling platform for individuals and businesses.

Details of the startup:

  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2014
  • Founders: Abraão Barros, Gustavo Gracitelli, Leonardo Liborio
  • Number of employees: 1-10
  • Funding amount: R$1,185,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

39) Caocao Chuxing

Caocao Chuxing is a vehicle-sharing firm based in China.

Details of the startup:

  • Country: China
  • City: Hangzhou
  • Started in: 2015
  • Founders: Jinliang Liu
  • Number of employees: 501-1000
  • Funding amount: CN¥1,000,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

40) T3 Mobile Travel Services

T3 Mobile Travel Services provides renewable energy-powered car-sharing services.

Details of the startup:

  • Country: China
  • City: Nanjing
  • Started in: 2019
  • Number of employees: 251-500
  • Funding amount: CN¥9,760,000,000
  • Number of funding rounds: 1
  • Number of investors: 6

You can find their website here.

FAQs

Is Ride Sharing Business Profitable?

Ride sharing businesses can be profitable, depending on the business model and local market. Ride sharing businesses typically make money by taking a percentage of each fare, charging a booking fee, or offering promotional services.

Additionally, they can generate revenue through advertising, partnerships, and other services. However, ride sharing businesses can also be costly to operate due to the costs associated with owning and maintaining vehicles, paying drivers, and providing customer service. 

Ultimately, the profitability of a ride sharing business depends on the level of demand in the local market and the effectiveness of the business model.

What Is The Average Investment In Ride Sharing?

The average investment in ride-sharing companies varies greatly depending on the company, the country, and the size of the investment. 

Generally speaking, investments in ride-sharing companies tend to range from $500,000 to $100 million or more.

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