About Optimus Ride
Optimus Ride is a company based in Cambridge (United States) founded in 2015 was acquired by Magna in January 2022.. Optimus Ride has raised $43.98 million across 7 funding rounds from investors including Magna International, DOE and FirstMark. The company has 130 employees as of December 31, 2022. Optimus Ride operates in a competitive market with competitors including Zoox, May Mobility, NEVS, UISEE and Auro Robotics, among others.
- Headquarter Cambridge, United States
- Employees 130 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
*********
- Legal Name Optimus Ride Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$43.98 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Magna International
& 11 more
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Employee Count
130
as on Dec 31, 2022
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Acquired by
Magna
(Jan 11, 2022)
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Funding Insights of Optimus Ride
Optimus Ride has successfully raised a total of $43.98M across 7 strategic funding rounds. 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 7
- Last Round Last Round
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First Round
First Round
(20 Oct 2015)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Grant - Optimus Ride | Valuation |
investors |
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| Apr, 2019 | Amount | Series B - Optimus Ride | Valuation |
investors |
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| Nov, 2017 | Amount | Series A - Optimus Ride | Valuation | Greycroft |
| 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 Optimus Ride
Optimus Ride has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Magna International, DOE and FirstMark. 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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Multiple sectors are targeted for venture capital investments by Greycroft.
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Founded Year | Domain | Location | |
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Tech focused growth stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Investments in life sciences, technology, healthtech, and crypto sectors from global locations.
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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 Optimus Ride
| 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 - Optimus Ride
| 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 |
Optimus Ride Comparisons
Competitors of Optimus Ride
Optimus Ride 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 Zoox, May Mobility, NEVS, UISEE and Auro Robotics, 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 |
Autonomous mobility solutions are provided through AI-enabled platforms.
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| domain | founded_year | HQ Location |
Autonomous shuttles are developed for urban transportation solutions.
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| domain | founded_year | HQ Location |
Electric autonomous cars are manufactured for urban mobility needs.
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| domain | founded_year | HQ Location |
Cloud and AI-enabled solutions for autonomous driving are developed.
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| domain | founded_year | HQ Location |
Autonomous vehicles and driving systems are developed by Auro Robotics.
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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 Optimus Ride
Frequently Asked Questions about Optimus Ride
When was Optimus Ride founded?
Optimus Ride was founded in 2015.
Where is Optimus Ride located?
Optimus Ride is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Is Optimus Ride a funded company?
Optimus Ride is a funded company, having raised a total of $43.98M across 7 funding rounds to date. The company's 1st funding round was a Series A of $18.02M, raised on Oct 20, 2015.
How many employees does Optimus Ride have?
As of Dec 31, 2022, the latest employee count at Optimus Ride is 130.
What does Optimus Ride do?
Optimus Ride was founded in 2015 in Cambridge, United States, within the autonomous vehicle sector. Self-driving technology for shuttles is provided, with a focus on designing a level 4 fully autonomous system for electric vehicle fleets. Testing of the technology occurred in September 2016 at the Perkins School for the Blind in Watertown, Massachusetts. Software and hardware are aimed to be offered as Mobility-as-a-Service solutions.
Who are the top competitors of Optimus Ride?
Optimus Ride's top competitors include Zoox, May Mobility and NEVS.
Who are Optimus Ride's investors?
Optimus Ride has 12 investors. Key investors include Magna International, DOE, FirstMark, Eight Roads Ventures, and Greycroft.