About CharterUP
CharterUP is a company based in Atlanta (United States) founded in 2017. It operates as a Two-Sided Marketplace, and Brokerage / Intermediation. CharterUP has raised $60 million across 1 funding round from investors including Tritium Partners. The company has 121 employees as of December 31, 2022. CharterUP offers products and services including Charter Bus Rentals, Employee Shuttles, and Campus Shuttles. CharterUP operates in a competitive market with competitors including Bridj, Fetii, Chariot, RedCap and vRide, among others.
- Headquarter Atlanta, United States
- Employees 121 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Charterup, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$60 M (USD)
in 1 rounds
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Latest Funding Round
$60 M (USD), Series A
Oct 26, 2022
- Investors
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Employee Count
121
as on Dec 31, 2022
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Products & Services of CharterUP
CharterUP offers a comprehensive portfolio of products and services, including Charter Bus Rentals, Employee Shuttles, and Campus Shuttles. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Charter buses are provided for group travel needs.
Shuttle services are offered for daily employee commutes.
Transportation is arranged for university students and faculty.
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Funding Insights of CharterUP
CharterUP has successfully raised a total of $60M through 1 strategic funding round. The most recent funding activity was a Series A round of $60 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $60.0M
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First Round
First Round
(26 Oct 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series A - CharterUP | Valuation | Tritium Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CharterUP
CharterUP has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Tritium Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on acquiring businesses in supply chain, logistics, fintech, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CharterUP
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CharterUP
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Charterup Comparisons
Competitors of CharterUP
CharterUP operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bridj, Fetii, Chariot, RedCap and vRide, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Shuttle transportation is booked via an online platform.
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| domain | founded_year | HQ Location |
Shuttle services are booked via an app-based platform by users.
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| domain | founded_year | HQ Location |
Pooled intracity shuttles are operated for commuter transport.
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| domain | founded_year | HQ Location |
SaaS-based DMS software is offered for auto dealers.
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| domain | founded_year | HQ Location |
Ride-sharing is facilitated via an online platform with van fleets.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Charterup
Frequently Asked Questions about CharterUP
When was CharterUP founded?
CharterUP was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is CharterUP located?
CharterUP is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of CharterUP?
Armir Harris is the current CEO of CharterUP.
Is CharterUP a funded company?
CharterUP is a funded company, having raised a total of $60M across 1 funding round to date. The company's 1st funding round was a Series A of $60M, raised on Oct 26, 2022.
How many employees does CharterUP have?
As of Dec 31, 2022, the latest employee count at CharterUP is 121.
What does CharterUP do?
CharterUP is established as a leading marketplace for charter bus rentals across the USA. Services are provided for various sectors including corporate, educational, healthcare, and event transportation. Solutions are offered for employee shuttles, campus transport, emergency response, and large-scale events. Operations are supported in over 90 cities with a network of more than 600 bus companies. A proprietary shuttle management system is utilized to streamline bookings, payments, and rider management. Transparent, safe, and sustainable group transportation experiences are prioritized for all clients.
Who are the top competitors of CharterUP?
What products or services does CharterUP offer?
CharterUP offers Charter Bus Rentals, Employee Shuttles, and Campus Shuttles.
Who are CharterUP's investors?
CharterUP has 1 investor. Key investors include Tritium Partners.
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