BestMile Closes $2.5M Seed Funding Round

Funding Rounds

Summary

BestMile, a Lausanne, Switzerland- and San Francisco, CA-based cloud fleet management platform designed to connect, operate and optimize any fleet of autonomous vehicles, closed a $2.5M seed funding.The round was led by a super-angel from the Zurich region with participation from Perot Jain, Forticap SA, and private investors from Switzerland, Germany and Silicon Valley.A spin­off of the Swiss Federal Institute of Technology in Lausanne (EPFL), BestMile develops cloud technology that leverages the potential of autonomous vehicles to tackle urban mobility challenges.It manages both scheduled trips and on-­demand service, thus allowing mobility providers to remotely manage heterogeneous fleets composed of autonomous vehicles of different types and brands.Led by Raphael Gindrat, CEO and co-founder, BestMile recently launched “SmartShuttle” in Sion (Switzerland), its first commercial project, in partnership with PostBus, a provider of public bus transportation in Switzerland.

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Amount $2.5M Total raised
Date July 21, 2016 Announcement date
Investors Perot Jain Lead investors
Company http://www.bestmile.com Funded company

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industries
Transportation Industry
applications
Transportation, Logistics & Inventory

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