About RYTLE
RYTLE is a company based in Bremen (Germany) founded in 2017.. The company has 24 employees as of December 31, 2020. RYTLE offers products and services including MovR3 TriLiner, RYTLE SmarT, and RYTLE BOX. RYTLE operates in a competitive market with competitors including LetsTransport, OnFleet, FarEye, OneRail and Gophr, among others.
- Headquarter Bremen, Germany
- Employees 24 as on 31 Dec, 2020
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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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- Legal Name Rytle Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$196.55 K (USD), Grant
Sep 01, 2020
- Investors
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Employee Count
24
as on Dec 31, 2020
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Products & Services of RYTLE
RYTLE offers a comprehensive portfolio of products and services, including MovR3 TriLiner, RYTLE SmarT, and RYTLE BOX. 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.
Electric bike for efficient urban parcel delivery.
Software for tracking and optimizing delivery fleets.
Modular box for secure and easy cargo transport.
Funding Insights of RYTLE
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $196,547
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First Round
First Round
(01 Sep 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2020 | Amount | Grant - RYTLE | Valuation |
investors |
| 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 RYTLE
RYTLE has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 RYTLE
| 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 - RYTLE
| 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 |
Rytle Comparisons
Competitors of RYTLE
RYTLE 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 LetsTransport, OnFleet, FarEye, OneRail and Gophr, 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 |
Platform offering customised logistic solutions to enterprises
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| domain | founded_year | HQ Location |
Cloud-based software is utilized for last-mile delivery management.
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| domain | founded_year | HQ Location |
Last-mile delivery operations are managed through SaaS and AI solutions.
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| domain | founded_year | HQ Location |
SaaS-based last-mile delivery management solutions are provided.
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Same-day delivery services are offered on-demand to individuals and businesses.
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Solutions for last-mile delivery management are provided through mobile applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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 Rytle
Frequently Asked Questions about RYTLE
When was RYTLE founded?
RYTLE was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is RYTLE located?
RYTLE is headquartered in Bremen, Germany. It is registered at Bremen, Bremen, Germany.
How many employees does RYTLE have?
As of Dec 31, 2020, the latest employee count at RYTLE is 24.
What does RYTLE do?
Founded in 2017 in Bremen, Germany, RYTLE operates in the logistics sector with integrated software and hardware for last-mile delivery. Hardware includes the MovR electric vehicle for intracity cargo, GPS-enabled Box for parcel storage, and modular Hub depots. Software encompasses mobile apps for drivers and customers, plus management dashboards featuring real-time tracking, route optimization, navigation, digital proof of delivery, and access controls. Operations are supported across iOS and Android platforms.
Who are the top competitors of RYTLE?
RYTLE's top competitors include OnFleet, Paxel and LetsTransport.
What products or services does RYTLE offer?
RYTLE offers MovR3 TriLiner, RYTLE SmarT, and RYTLE BOX.
Who are RYTLE's investors?
RYTLE has 1 investor. Key investors include European Union.