Woven Capital Invests In Ridecell To Accelerate Global Growth In IoT-driven Automation For Mobility And Fleet Businesses | Scoop News
Summary
Woven Capital is an $800 million global investment fund that supports innovative, growth-stage companies in mobility, automation, artificial intelligence, data and analytics, connectivity, and smart cities. "Ridecell is accelerating the digital transformation of a key part of the mobility industry--creating a comprehensive platform that connects fleets and automates workflow at scale," said Michiko Kato, Principal, Woven Capital. "We are excited to invest in Ridecell and explore collaborative opportunities together, as we continue to focus on innovative technology that delivers safe, secure, efficient, and seamless mobility for all." Originally founded in 2018 as Toyota Research Institute - Advanced Development, the company was expanded to the Woven Planet Group dedicated to bringing its vision of "Mobility to Love, Safety to Live" to life. Today Ridecell powers some of the most successful fleet businesses in cities across Europe and North America, including Gig Car Share from AAA.