About Joyride
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Joyride is a company based in Toronto (Canada) founded in 2014 by Nishant M and Vince Cifani. Joyride has raised $8.9 million across 3 funding rounds from investors including Yamaha, Ontario Canada and Proeza Ventures. Joyride offers products and services including Rider App, Fleet Management Dashboard, Operator App, and IoT OEM Solutions. Joyride operates in a competitive market with competitors including Tembici, Zagster, BCycle, Ride Report and PBSC Urban Solutions, among others.
- Headquarter Toronto, Canada
- Founders Nishant M, Vince Cifani
- SectorsTransportation, Automotive & Logistics
- EmailLocked
- Website joyride.city
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$8.9 M (USD)
in 3 rounds
- Latest Funding Round$5.2 M (USD), Series A
Mar 13, 2024
- InvestorsYamaha
& 4 more
People of Joyride
10 people are tracked at Joyride (6 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Nishant M | Co-Founder | Leadership |
Vince Cifani | Co-Founder & CEO | Leadership |
 Cleo Lant | Director, Creative Solutions | Leadership |
 Wendy Goldman Getzler | VP Of Marketing | Leadership |
Shikha Sharma | Head Of Customer Support | Leadership |
 Jared Goldlust | Chief Operating Officer | Leadership |
 Harsh Modi | Project Manager Scrum Master | Team |
 Sasha Lovell | Human Resources Coordinator | Team |
 Matthew Enrequez | Manager | Team |
 Harsh Thakkar | Project Manager | Team |
Complete people profiles for Joyride
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Products & Services of Joyride
Joyride offers a comprehensive portfolio of products and services, including Rider App, Fleet Management Dashboard, Operator App, and IoT OEM Solutions.
App for locating, unlocking, and renting vehicles quickly.
Dashboard for tracking fleet operations and performance metrics.
App for in-field tasks like battery swapping and rebalancing.
Solutions for integrating IoT into vehicles for smart features.
Funding Insights of Joyride
Joyride has successfully raised a total of $8.9M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5.2 million completed in March 2024. 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 $8.9M
- Total Rounds 3
- Last Round Series A — $5.2M
- First Round $282,000
(11 Jan 2021)
- Investors Count 5
All 3 funding rounds of Joyride with amounts, post-money valuations and investors.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 13 Mar 2024 | $5.2M | Series A | – | Yamaha Motor | – |
| 23 Jun 2021 | $3.7M | Seed | – | Proeza Ventures , Urban Innovation Fund | – |
| 11 Jan 2021 | $282,000 | Grant | – | – |
5 investors in total: 4 institutional and 1 angel.
Investors in Joyride
Joyride has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Yamaha, Ontario Canada and Proeza Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | proezaventures.com | - | |
Seed-stage sector-agnostic VC firm investing primarily in the US | – | urbaninnovationfund.com | San Francisco, United States | |
Motorcycles, ATVs, snowmobiles, and watercraft are manufactured. | 1955 | yamaha-motor.com | Cypress, United States | |
Access government services and products | 1881 | ontario.ca | Toronto, Canada | |
CM Craig Miller | - | – | unknown_51700ec9c1174f08a | - |
Investor details for Joyride
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Timeline of Joyride
3 dated milestones of Joyride across 10 years, from founding to its latest funding, stage changes and deals.
- Joyride is founded.
- First funding round of $282K.
- Latest funding round, Series A, of $5.2M.
Competitors of Joyride
Joyride 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 Tembici, Zagster, BCycle, Ride Report and PBSC Urban Solutions, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tembici.com.br | 2010 | Sao Paulo, Brazil | $127.0M | – | Tech-enabled electric bike-sharing solutions are provided for urban mobility. | |
| zagster.com | 2007 | Boston, United States | $38.3M | 87 | Multi-category micromobility services are provided via a tech-enabled platform. | |
| bcycle.com | 2008 | Waterloo, United States | – | – | BCycle provides urban bike-sharing platforms for electric bike rentals via app. | |
| ridereport.com | 2015 | Portland, United States | $16.8M | – | Urban micro-mobility programs are managed via a cloud-based platform. | |
| pbsc.com | 2008 | Montreal, Canada | – | – | Bike-sharing platform | |
| movatic.co | 2016 | Ann Arbor, United States | $25,000 | – | Technical solutions for on-demand urban transportation and mobility are enabled. | |
| velco.tech | 2015 | Nantes, France | $9.4M | – | Tech-enabled solutions for micromobility and shared vehicles are provided. | |
| sharingos.com | 2017 | London, United Kingdom | – | 50 | An EV-integrated, IoT-based platform for mobility sharing is provided. |
Detailed competitors of Joyride
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Latest news on Joyride
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Frequently Asked Questions about Joyride
Joyride was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Joyride is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Vince Cifani is the current CEO of Joyride. They have also founded this company.
Joyride is a funded company, having raised a total of $8.9M across 3 funding rounds to date. The company's 1st funding round was a Grant of $282K, raised on Jan 11, 2021.
Joyride was founded in 2014 in Toronto, Canada, and operates in the mobility sector. SaaS solutions are provided for multi-vehicle rental companies, particularly bike-sharing systems. Hardware is installed on bikes to enable location tracking, damage alerts, and maintenance notifications. An online platform is utilized to manage cycling events, generate operational reports, and deliver ride analytics for users.
Joyride's top competitors include Tembici, Zagster and PBSC Urban Solutions.
Joyride offers Rider App, Fleet Management Dashboard, Operator App, and IoT OEM Solutions.
Joyride has 5 investors. Key investors include Yamaha, Ontario Canada, Proeza Ventures, Urban Innovation Fund, and Craig Miller.