About Ride1Up
Ride1Up is a company based in Walnut Creek (United States) founded in 2018.. Ride1Up has raised $6.5 million across 1 funding round from investors including Ecosystem Integrity Fund. Ride1Up offers products and services including Vorsa, Portola, Roadster v3, LMT’D V2, and Turris. Ride1Up operates in a competitive market with competitors including Rad Power Bikes, Aventon, Velotric, Evelo and Lectric eBikes, among others.
- Headquarter Walnut Creek, United States
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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
$6.5 M (USD)
in 1 rounds
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Latest Funding Round
$6.5 M (USD), Series A
Sep 29, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Ride1Up
Ride1Up offers a comprehensive portfolio of products and services, including Vorsa, Portola, Roadster v3, LMT’D V2, and Turris. 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.
Modular ebike designed for versatile adventures and daily commuting.
Compact ebike for easy storage and urban travel needs.
Lightweight ebike focused on efficient city riding performance.
Powerful ebike with advanced motor for enhanced riding experience.
Touring-style ebike built for rugged outdoor exploration.
High-performance ebike with CVT for smooth power delivery.
Powerful ebike suitable for daily commutes and cargo carrying.
Ultra-light ebike designed for speed and competitive riding.
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Funding Insights of Ride1Up
Ride1Up has successfully raised a total of $6.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $6.5 million completed in September 2022. 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 1
- Last Round Series A — $6.5M
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First Round
First Round
(29 Sep 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2022 | Amount | Series A - Ride1Up | Valuation | Ecosystem Integrity Fund |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Ride1Up
Ride1Up has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Ecosystem Integrity Fund. 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 is provided to early-stage startups by this fund.
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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 Ride1Up
| 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 - Ride1Up
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Ride1up Comparisons
Competitors of Ride1Up
Ride1Up 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 Rad Power Bikes, Aventon, Velotric, Evelo and Lectric eBikes, 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 |
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| domain | founded_year | HQ Location |
Developer of electric bicycles
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| domain | founded_year | HQ Location |
Electric bicycles and accessories are manufactured and sold by Aventon.
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| domain | founded_year | HQ Location |
Electric bicycles are manufactured for urban mobility solutions.
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| domain | founded_year | HQ Location |
Electric bicycles developer
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| domain | founded_year | HQ Location |
Electric bicycles are developed with pedal-assist and advanced braking features.
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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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Latest news on Ride1up
Frequently Asked Questions about Ride1Up
When was Ride1Up founded?
Ride1Up was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Ride1Up located?
Ride1Up is headquartered in Walnut Creek, United States. It is registered at Walnut Creek, California, United States.
Is Ride1Up a funded company?
Ride1Up is a funded company, having raised a total of $6.5M across 1 funding round to date. The company's 1st funding round was a Series A of $6.5M, raised on Sep 29, 2022.
What does Ride1Up do?
Ride1Up was founded in 2018 and is headquartered in Walnut Creek, United States. The company operates in the electric bicycle sector, where design and development of e-bikes are conducted. Seven models are produced and made available for purchase, alongside accessories, through an online platform. Operations focus on direct-to-consumer sales within the mobility industry.
Who are the top competitors of Ride1Up?
Ride1Up's top competitors include Rad Power Bikes, Aventon and Velotric.
What products or services does Ride1Up offer?
Ride1Up offers Vorsa, Portola, Roadster v3, LMT’D V2, and 4 more products and services.
Who are Ride1Up's investors?
Ride1Up has 1 investor. Key investors include Ecosystem Integrity Fund.
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