About Joyride
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
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.9 M (USD)
in 3 rounds
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Latest Funding Round
$5.2 M (USD), Series A
Mar 13, 2024
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Investors
Yamaha
& 4 more
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Employee Count
Employee Count
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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. 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.
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.
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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 Total Funding
- Total Rounds 3
- Last Round Series A — $5.2M
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First Round
First Round
(11 Jan 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - Joyride | Valuation | Yamaha Motor |
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| Jun, 2021 | Amount | Seed - Joyride | Valuation | Proeza Ventures , Urban Innovation Fund |
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| Jan, 2021 | Amount | Grant - Joyride | Valuation |
investors |
| 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 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. 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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Founded Year | Domain | Location | |
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Seed-stage sector-agnostic VC firm investing primarily in the US
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Founded Year | Domain | Location | |
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Motorcycles, ATVs, snowmobiles, and watercraft are manufactured.
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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 Joyride
| 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 - Joyride
| 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 |
Joyride Comparisons
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. 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tech-enabled electric bike-sharing solutions are provided for urban mobility.
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| domain | founded_year | HQ Location |
Multi-category micromobility services are provided via a tech-enabled platform.
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| domain | founded_year | HQ Location |
BCycle provides urban bike-sharing platforms for electric bike rentals via app.
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| domain | founded_year | HQ Location |
Urban micro-mobility programs are managed via a cloud-based platform.
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| domain | founded_year | HQ Location |
Bike-sharing platform
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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 Joyride
Frequently Asked Questions about Joyride
When was Joyride founded?
Joyride was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Where is Joyride located?
Joyride is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Joyride?
Vince Cifani is the current CEO of Joyride. They have also founded this company.
Is Joyride a funded 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.
What does Joyride do?
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.
Who are the top competitors of Joyride?
Joyride's top competitors include Tembici, Zagster and PBSC Urban Solutions.
What products or services does Joyride offer?
Joyride offers Rider App, Fleet Management Dashboard, Operator App, and IoT OEM Solutions.
Who are Joyride's investors?
Joyride has 5 investors. Key investors include Yamaha, Ontario Canada, Proeza Ventures, Urban Innovation Fund, and Craig Miller.
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