# Chariot Transit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chariot-transit

- Industry: Transportation Services
- Headquarters: San Francisco, US
- Website: www.chariot.com
- Total disclosed funding: $3M
- Latest round: Seed (Apr 23, 2015)
- Investors on record: 8

## About

Chariot Transit, Inc. is a logistics company that optimizes transportation solutions through innovative technology, ensuring enhanced operational efficiency and connectivity for businesses.Chariot Transit, Inc. provides advanced logistics and transportation solutions. Founded in 2014 and headquartered in San Francisco, US, the company has undergone a strategic pivot, focusing on providing integrated services for supply chain management. Founder Courtney Campbell, who has a history of entrepreneurship, has led the company through its evolution. Chariot was acquired by Ford Smart Mobility LLC in September 2016 for USD 65 mn, marking a significant milestone in its growth trajectory.Chariot offers a suite of innovative products and services designed to enhance operational efficiency and connectivity for businesses across various sectors. Their core product includes a robust platform that integrates advanced logistics and transportation solutions, facilitating seamless movement of goods and services. By providing end-to-end visibility and real-time tracking, Chariot aims to solve critical challenges related to supply chain management and delivery optimization. The primary user base includes logistics companies, distributors, and manufacturers, who rely on these tools to streamline their operations and improve customer satisfaction. Chariot's solutions are marketed extensively in North America and Europe, targeting industries such as retail, e-commerce, and manufacturing where efficient logistics play a vital role in business success.Chariot generates revenue through a combination of subscription-based services and strategic partnerships with various industry players. Clients typically engage with the company through multi-year contracts that include comprehensive service packages, ensuring continued access to their logistics platform along with ongoing support. Pricing structures are tiered, allowing businesses to select packages that best align with their operational needs, which may include features such as advanced analytics and custom reporting tools. While specific pricing details for these products and services are proprietary, the company's flagship offerings are designed to cater to both B2B transactions and direct consumer engagement, enabling an efficient flow of resources and information in the logistics space. This structured approach not only enhances customer loyalty but also fosters long-term growth through sustained service utilization.Chariot Transit, Inc. is strategically planning to expand its product offerings and geographic reach. The company is currently designing new products aimed at enhancing real-time tracking capabilities, with a targeted launch date by the end of 2023. Additionally, Chariot plans to enter the Asian markets by 2024, capitalizing on the increasing demand for logistics solutions in the region. The recent acquisition by Ford Smart Mobility LLC for USD 65 mn will be utilized to support these initiatives, facilitating product development and market entry strategies.

## Funding rounds

- Seed, Apr 23, 2015, $3M — Maven Venture Partners, Uncork Capital, Y Combinator, CRCM, Coyote Ridge Ventures, Winklevoss Capital, Haystack, Major League Baseball Players Association

## Investors

- Maven Venture Partners (https://capitalatlas.ai/funds/maven-venture-partners) — Seed
- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- CRCM (https://capitalatlas.ai/funds/crcm) — Seed
- Coyote Ridge Ventures (https://capitalatlas.ai/funds/coyote-ridge-ventures) — Seed
- Winklevoss Capital (https://capitalatlas.ai/funds/winklevoss-capital) — Seed
- Haystack (https://capitalatlas.ai/funds/haystack) — Seed
- Major League Baseball Players Association — Seed