# Joyride Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/joyride-technologies

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.joyride.city
- Total disclosed funding: $8.9M
- Latest round: Series A (Mar 12, 2024)
- Investors on record: 8

## About

Founded in 2014 and based in Toronto, Canada, Joyride Technologies Inc develops a white-label web and mobile application that helps in managing mobility businesses. The company was founded by CEO Vince Cifani. In June 2021, Joyride Technologies Inc received its latest seed funding from a group of investors that includes Urban Innovation Fund, Two Small Fish Ventures, and Proeza Ventures.

The company's product is a web-based dashboard for fleet operators and a white-label mobile application for end-users that serves as a bike-share management system and micro-mobility platform that helps in managing backend management operations, IoT connectivity, payment gateway, long-term rentals, hardware-agnostic integrations, and other operations-related functions.

The company's revenue is generated by a subscription-based payment mode for various users, including USD 250/mins for entrepreneurs, USD 10/ vehicle for small businesses and city-wide fleets, and USD 15/vehicle for multi-city fleets.

The company aims to use the March 2024 funding to promote the usage of connected, trackable, keyless, and sustainable electric automobiles worldwide.

## Funding rounds

- Series A, Mar 12, 2024, $5.2M — Export Development Canada, Yamaha Motor Ventures, Two Small Fish Ventures, Urban Innovation Fund, Proeza Ventures
- Seed, Jun 22, 2021, $3.7M — Two Small Fish Ventures, Urban Innovation Fund, Liil Ventures, Proeza Ventures
- Seed, Jul 31, 2017 — Ontario Centre of Innovation
- Seed, Oct 10, 2016 — Startupbootcamp

## Investors

- Startupbootcamp (https://capitalatlas.ai/funds/startupbootcamp) — Seed
- Ontario Centre of Innovation (https://capitalatlas.ai/funds/ontario-centre-of-innovation) — Seed
- Two Small Fish Ventures (https://capitalatlas.ai/funds/two-small-fish-ventures) — Seed, Series A
- Urban Innovation Fund (https://capitalatlas.ai/funds/urban-innovation-fund) — Seed, Series A
- Liil Ventures (https://capitalatlas.ai/funds/liil-ventures) — Seed
- Proeza Ventures (https://capitalatlas.ai/funds/proeza-ventures) — Seed, Series A
- Export Development Canada — Series A
- Yamaha Motor Ventures (https://capitalatlas.ai/funds/yamaha-motor-ventures) — Series A