# Ario

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ario-2

- Industry: Software
- Headquarters: Norfolk, US
- Website: www.ario.com
- Total disclosed funding: $3M
- Latest round: Seed (Aug 26, 2019)
- Investors on record: 4

## About

Ario LLC is a mobility solutions company focused on enhancing urban transportation through an integrated platform that combines ridesharing services with a strong emphasis on safety and efficiency.Founded in 2016 and headquartered in Norfolk, US, Ario LLC specializes in innovative urban transportation solutions. The company has pivoted towards enhancing its offerings with a focus on safety for users. Current management includes CEO Bruno Do Rozario, and the company was co-founded by Bryan Jin and Nate Fender.  Ario LLC has closed 3 funding deals, with the latest round being a Seed round that raised USD 2.00 mn, led by NRV, marking the total funds raised at USD 2.00 mn as of August 2019.Ario's core product offerings revolve around an innovative mobility solution designed to enhance urban transportation. The company provides an integrated platform that combines ridesharing services with an emphasis on safety and efficiency, catering to both riders and drivers. The Ario Access Pass serves as a key component of their service, allowing users to access a variety of transportation options seamlessly through a mobile application. The primary end users of Ario's services include urban commuters, local businesses seeking efficient transit options for their employees, and individuals prioritizing safer travel methods. The company operates in dynamic metropolitan markets, focusing on regions with high population density and significant demand for alternative transportation solutions, such as major cities in North America and Europe.Ario generates revenue through a structured transaction model that primarily includes subscription-based services and direct consumer interactions. Users can access the Ario platform through various pricing plans, which may include individual ride fares and monthly subscriptions that allow for unlimited travel within designated areas. The company's flagship product, the Ario Access Pass, operates on a subscription basis, providing users with enhanced features and benefits such as priority booking and reduced wait times. Transactions are primarily B2C, where riders pay for their transportation services via the app, while drivers benefit from a commission-based structure that incentivizes performance and customer satisfaction. The company’s revenue model reflects a focus on creating a sustainable ecosystem that benefits all stakeholders involved in the urban mobility landscape.Ario LLC is actively working on launching new products aimed at improving urban mobility. The company plans to expand its services into new markets across North America and Europe by the end of 2021. The recent funding of USD 1.50 mn received from the US Air Force Office of Scientific Research in August 2019 will be utilized to support these initiatives, particularly in technological enhancements and geographic expansion.

## Funding rounds

- Seed, Aug 26, 2019, $2M — NRV
- Seed, Mar 19, 2019, $1M — Plug and Play, Center for Innovative Technology, 757 Angels

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Center for Innovative Technology — Seed
- 757 Angels — Seed
- NRV (https://capitalatlas.ai/funds/nrv) — Seed