About vRide
vRide is a company based in Detroit (United States) founded in 1977 was acquired by Enterprise Holdings in June 2016.. vRide has raised $16.23 million across 2 funding rounds from investors including Enterprise Mobility. The company has 176 employees as of December 31, 2016. vRide operates in a competitive market with competitors including Bridj, Fetii, CharterUP, Chariot and RedCap, among others.
- Headquarter Detroit, United States
- Employees 176 as on 31 Dec, 2016
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Sectors
Transportation, Automotive & Logistics
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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
$16.23 M (USD)
in 2 rounds
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Latest Funding Round
$15.7 M (USD), Unspecified
Jun 19, 2014
- Investors
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Employee Count
176
as on Dec 31, 2016
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Acquired by
Enterprise Holdings
(Jun 15, 2016)
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Funding Insights of vRide
vRide has successfully raised a total of $16.23M across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $15.7 million completed in June 2014. 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 Unspecified — $15.7M
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First Round
First Round
(29 Aug 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Unspecified - vRide | Valuation |
investors |
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| Aug, 2013 | Amount | Unspecified - vRide | Valuation |
investors |
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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 vRide
vRide has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Enterprise Mobility. 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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Enterprise Mobility is recognized as a leading provider of mobility services.
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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 vRide
| 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 - vRide
| 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 |
Vride Comparisons
Competitors of vRide
vRide 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 Bridj, Fetii, CharterUP, Chariot and RedCap, 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 |
Shuttle transportation is booked via an online platform.
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| domain | founded_year | HQ Location |
Shuttle services are booked via an app-based platform by users.
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| domain | founded_year | HQ Location |
Charter bus marketplace connecting clients with operators for event bookings.
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| domain | founded_year | HQ Location |
Pooled intracity shuttles are operated for commuter transport.
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| domain | founded_year | HQ Location |
SaaS-based DMS software is offered for auto dealers.
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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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Frequently Asked Questions about vRide
When was vRide founded?
vRide was founded in 1977 and raised its 1st funding round 36 years after it was founded.
Where is vRide located?
vRide is headquartered in Detroit, United States. It is registered at Detroit, Michigan, United States.
Is vRide a funded company?
vRide is a funded company, having raised a total of $16.23M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $525K, raised on Aug 29, 2013.
How many employees does vRide have?
As of Dec 31, 2016, the latest employee count at vRide is 176.
What does vRide do?
vRide is an online platform that allows users to share their rides with other passengers. The platform has its own fleet containing 7, 10 15-passenger vans. Users can request for a vanpool with other passengers by choosing the location timing. Users can also find vanpool offers in their routes. Vans are driven by platform appointed drivers. Users can also search rides with other co-employees.
Who are vRide's investors?
vRide has 1 investor. Key investors include Enterprise Mobility.