# Rally Bus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rally-bus

- Industry: Transportation Services
- Headquarters: New York, US
- Website: www.rally.co
- Total disclosed funding: $5.8M
- Latest round: Seed (Dec 17, 2019)
- Investors on record: 10

## About

Rally Bus Corp. provides a unique rideshare platform that facilitates bus transportation for events across over 100 cities, enabling users to share rides safely and conveniently while reducing environmental impact.Founded in 2015 in New York, US, Rally Bus Corp. specializes in a bus rideshare service that connects users for events such as concerts, sports, and festivals. The company has secured funding through 7 deals, with the latest round being a GRANT of USD 0.5 mn led by 43North on February 1, 2020. The founders include Axel Hellman and Narinder Singh, with Narinder Singh currently serving as CEO.Rally is primarily focused on providing a bus rideshare service that connects users from over 100 cities for various events such as concerts, sports, and festivals. The platform enables users to book safe, convenient, and environmentally friendly transportation options, allowing them to travel together with individuals who share similar interests. Rally’s service operates on a crowdpowered model, where users can create their own trips if a desired route is not available, facilitating a community-driven approach to travel. By enabling users to share rides, Rally addresses the needs of event-goers looking for affordable and efficient transportation solutions. This service is available in multiple geographical markets across the United States, catering to a diverse client base that includes groups attending concerts, sporting events, and festivals.Rally generates revenue through its bus rideshare platform, which operates on a transaction-based model. Customers book rides for specific events, and the company earns revenue from the fares collected for these trips. The transaction structure includes both direct-to-consumer sales, where individual users can purchase tickets for rides, and the option for groups to crowdfund trips, allowing Rally to tap into a broader audience. Pricing plans are structured around per-trip fares, reflecting the distance and demand for specific routes to events. By focusing on high customer satisfaction and community engagement, Rally positions itself to attract repeat customers and increase overall trip bookings, contributing to its revenue stream.In February 2020, Rally Bus Corp. raised USD 0.5 mn in grant funding led by 43North, which will be utilized to enhance their technology and expand service offerings. The company plans to develop new products to improve the rideshare experience and is exploring opportunities to enter additional geographical markets in the United States by the end of 2023.

## Funding rounds

- Seed, Dec 17, 2019, $4M — Mercedes-Benz Group AG, Avalancha Ventures, Alpana Ventures
- Seed, Apr 5, 2017, $0.5M — Studio VC
- Angel, Jun 13, 2016 — Techstars, Tech stars, Upstage Ventures
- Seed, Jan 26, 2015, $1.3M — Connecticut Innovations, First Niagara Bank, YEI Innovation Fund

## Investors

- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Seed
- First Niagara Bank — Seed
- YEI Innovation Fund — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Angel
- Tech stars — Angel
- Upstage Ventures (https://capitalatlas.ai/funds/upstage-ventures) — Angel
- Studio VC (https://capitalatlas.ai/funds/studio-vc) — Seed
- Mercedes-Benz Group AG — Seed
- Avalancha Ventures (https://capitalatlas.ai/funds/avalancha-ventures) — Seed
- Alpana Ventures (https://capitalatlas.ai/funds/alpana-ventures) — Seed