# NAVIT

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/navit

- Industry: Consumer Services
- Headquarters: Berlin, Germany
- Website: www.rydes.com
- Total disclosed funding: $3.8M
- Latest round: Seed (Jan 13, 2023)
- Investors on record: 3

## About

Based in Berlin, Germany, and founded in 2021, Rydes GmbH, trading under the name NAVIT, provides mobility solutions to its customers via mobile application. The company was founded by Rene Braun (CEO). In April 2023, Rydes GmbH raised EUR 3.5 million in seed funding co-led by new investors Assembly Ventures and Rethink Ventures, with participation from another new investor Futury Capital. Returning investors Arabella Family Office, Lufthansa Innovation Hub GmbH, Forward31 and individual investors also participated in the round.

The company offers a wide range of products with the features like Rydes application for employees, Rydes dashboard for HR, fleet, and office management. The firm offerings include Rydes mobility budget, job tickets, bike leasing, and fill-up and charge. Additionally, the firm reimburses the fair of public transport, customers have to scan and upload public transport tickets for reimbursement. 

The company plans to use the April 2023 funding to further develop its mobility platform and expand its business in international markets.

## Funding rounds

- Seed, Jan 13, 2023, $3.8M — Futury Capital, Assembly Ventures, Rethink Ventures

## Investors

- Futury Capital (https://capitalatlas.ai/funds/futury-capital) — Seed
- Assembly Ventures (https://capitalatlas.ai/funds/assembly-ventures) — Seed
- Rethink Ventures (https://capitalatlas.ai/funds/rethink-ventures) — Seed