What is RideCharge?
RideCharge, originally founded as RideCharge in 2007 and later evolving through iterations like Taxi Magic before rebranding as Curb in 2014, is a technology company that has significantly impacted the taxi and ground transportation industry. The company provides an online and mobile software application designed to connect riders with safe, reliable rides from professional taxi and for-hire drivers. By integrating technology into the taxi experience, Curb offers riders enhanced choice, reliability, and convenience. Its platform supports credit card payments and delivers entertaining video content through the Curb Passenger Information Monitor (PIM). The Curb Network comprises 35,000 taxis across 90 fleets in 60 U.S. cities, aiming to create a seamless and hassle-free ground travel experience from curb to curb.
How much funding has RideCharge raised?
RideCharge has raised a total of $10.7M across 3 funding rounds:
Series A
$4M
Series B
$4.6M
Private Equity
$2.1M
Series A (2008): $4M, investors not publicly disclosed
Series B (2009): $4.6M led by Concur Technologies
Private Equity (2014): $2.1M, investors not publicly disclosed
Key Investors in RideCharge
Concur Technologies
Concur Technologies, now part of SAP, is a leading provider of integrated travel and expense management solutions for businesses. Their expertise lies in streamlining corporate spending, travel booking, and expense reporting through cloud-based software, making them a strategic partner for companies focused on operational efficiency.
What's next for RideCharge?
With a history rooted in evolving from a business travel management service to a comprehensive consumer ride-hailing platform, RideCharge's recent major strategic investment signals a phase of accelerated growth and market expansion. The company's focus on enhancing the rider and driver experience through technology, coupled with its extensive network of taxis and fleets, positions it for further innovation and consolidation within the competitive ground transportation sector. Future strategies will likely involve leveraging this capital to broaden its service offerings, enhance its technological infrastructure, and potentially explore new geographic markets or service verticals.
See full RideCharge company page
