About HiRide
HiRide is a Travel & Hospitality company based in Waterloo (Canada) founded in 2018, and was acquired by Facedrive in March 2020. A carpooling platform for Canadian travelers is offered by HiRide. It operates on a Two-Sided Marketplace and Mobility-as-a-Service model in Travel & Hospitality and Transportation, Automotive & Logistics sectors. HiRide has raised $30 thousand across 1 funding round from investors including Facedrive and Accelerator Centre. HiRide offers products and services including HiRide App. Its focus areas include Transportation, Ride-Sharing and Carpooling Services. Its competitors include Pop Rideshare, Caribook and gobyRIDE.
Company details
A digital platform for carpooling across Canada is provided by HiRide. Focus is placed on transforming travel into social experiences. Connections between students, professionals, and commuters are facilitated. Isolation during journeys is addressed through shared rides. Safety, affordability, and environmental benefits are emphasized. The service operates in major Canadian routes and cities. Modern technology ensures trust and convenience for users.
Products & Services of HiRide
HiRide offers a comprehensive portfolio of products and services, including HiRide App.
A platform for shared rides across Canada is provided.
Funding Insights of HiRide
HiRide has successfully raised a total of $30K through 1 strategic funding round. The most recent funding activity was a Seed round of $30 thousand completed in June 2019. 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 $30,000
- Total Rounds 1
- Last Round Seed — $30,000
- First Round $30,000
(Jun 2019)
- Investors Count 1
All 1 funding rounds of HiRide with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2019 | $30,000 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in HiRide
HiRide has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Facedrive and Accelerator Centre.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are built and accelerated in a structured studio environment. | acceleratorcentre.com | Waterloo, Canada | ||
Ride-hailing is facilitated through an app-based driver cooperative platform. | 2015 | facedrive.com | Richmond Hill, Canada |
Investor details for HiRide
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Timeline of HiRide
3 dated milestones of HiRide across 2 years, from founding to its latest funding, stage changes and deals.
- Founded HiRide is founded.
- Funding First funding round of $30K.
- Exit Acquired by Facedrive.
Competitors of HiRide
HiRide has 3 listed competitors in our database. They include Pop Rideshare, Caribook and gobyRIDE.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| poparide.com | 2014 | Vancouver, Canada | Operates a carpooling platform for users. | |||
| caribook.ca | 2017 | Quebec, Canada | An app-based platform for intercity carpooling, connecting users for efficient and shared rides. | |||
| gobyride.com | 2015 | Ottawa, Canada | Carpooling platform for sharing rides, saving costs, and secure payments. |
Detailed competitors of HiRide
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Related news about Hiride
Complete news archive for HiRide
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Frequently Asked Questions about HiRide
HiRide was founded in 2018 and raised its 1st funding round 1 year after it was founded.
HiRide is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
HiRide is a funded company, having raised a total of $30K across 1 funding round to date. The company's 1st funding round was a Seed of $30K, raised on Jun 2019.
A digital platform for carpooling across Canada is provided by HiRide. Focus is placed on transforming travel into social experiences. Connections between students, professionals, and commuters are facilitated. Isolation during journeys is addressed through shared rides. Safety, affordability, and environmental benefits are emphasized. The service operates in major Canadian routes and cities. Modern technology ensures trust and convenience for users.
HiRide's top competitors include Pop Rideshare, Caribook and gobyRIDE.
HiRide offers HiRide App.
HiRide has 2 investors. Key investors include Facedrive, and Accelerator Centre.
Yes. HiRide was acquired by Facedrive in March 2020.