About Local Motion
Local Motion is a company based in San Mateo (United States) founded in 2011 was acquired by Zipcar in August 2015.. Local Motion has raised $6 million across 2 funding rounds from investors including Zipcar, Lemnos and Andreessen Horowitz. The company has 114 employees as of September 30, 2014. Local Motion operates in a competitive market with competitors including Samsara, Radius, Lytx, Platform Science and Omnitracs, among others.
- Headquarter San Mateo, United States
- Employees 114 as on 30 Sep, 2014
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Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Zipcar, Inc
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Funding Insights of Local Motion
Local Motion has successfully raised a total of $6M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in August 2013. 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 2
- Last Round Series A — $6.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2013 | Amount | Series A - Local Motion | Valuation | a16z |
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| Nov, 2012 | Amount | Seed - Local Motion | Valuation | Draper & Associates , Morado Ventures |
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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 Local Motion
Local Motion has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Zipcar, Lemnos and Andreessen Horowitz. 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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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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US based VC firm investing in seed stage
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Founded Year | Domain | Location | |
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AME Cloud Ventures is focused on investing in data-driven technology companies.
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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 Local Motion
| 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 - Local Motion
| 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 |
Local Motion Comparisons
Competitors of Local Motion
Local Motion 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 Samsara, Radius, Lytx, Platform Science and Omnitracs, 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 |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
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| domain | founded_year | HQ Location |
Predictive marketing and sales platform
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| domain | founded_year | HQ Location |
Provider of video telematics and fleet management solutions
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| domain | founded_year | HQ Location |
Provider of integrated solutions for fleet management
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| domain | founded_year | HQ Location |
Cloud-based fleet management solutions are provided for transportation operations.
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| domain | founded_year | HQ Location |
Fleet telematics and management solutions for safe driving are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Local Motion
When was Local Motion founded?
Local Motion was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Local Motion located?
Local Motion is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Is Local Motion a funded company?
Local Motion is a funded company, having raised a total of $6M across 2 funding rounds to date.
How many employees does Local Motion have?
As of Sep 30, 2014, the latest employee count at Local Motion is 114.
What does Local Motion do?
Local Motion was founded in 2011 in San Mateo, United States, within the shared mobility sector. A module is developed for installation in vehicles to facilitate sharing, suitable for car-sharing companies, corporates, and universities. An on-demand platform similar to Zipcar is offered, allowing users to locate, book, and access vehicles. The service is supported by a mobile app available on Android and iOS devices.
Who are the top competitors of Local Motion?
Who are Local Motion's investors?
Local Motion has 7 investors. Key investors include Zipcar, Lemnos, Andreessen Horowitz, Draper & Associates, and Morado Ventures.