# Reddo Mobility

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/reddo-mobility

- Industry: Software
- Headquarters: Cambridge, US
- Website: www.reddomobility.wistia.com
- Total disclosed funding: $7.5M
- Latest round: Series B (Apr 24, 2013)
- Investors on record: 1

## About

Reddo Mobility, Inc. focuses on developing advanced mobility solutions that enhance urban transportation efficiency through electric vehicles and smart infrastructures.Reddo Mobility, founded in 2007 in Cambridge, US, specializes in innovative mobility solutions. The company has successfully closed 3 deals, with the most recent funding round occurring on January 7, 2015, when it raised USD 4.25 mn from investors including Atlas Venture, Citrix Systems, Inc., and IVIC Tech LP.Reddo Mobility specializes in providing advanced mobility solutions designed to enhance transportation efficiency in urban environments. Their core product offerings include a comprehensive suite of electric vehicles (EVs), smart mobility infrastructures, and integrated vehicle management systems, addressing transportation challenges such as congestion and accessibility for various user groups.Reddo Mobility's revenue model combines direct sales and subscription-based services through B2B transactions with urban planners and businesses. Clients secure fleets of EVs along with ongoing management services via a subscription plan, generating revenue from initial setup fees and recurring service charges.Following the January 2015 funding of USD 4.25 mn, Reddo Mobility plans to utilize this capital to accelerate product development and expand its market reach. The company is designing new electric vehicles aimed at urban commuters, with a targeted release in early 2024. Additionally, Reddo Mobility is planning to enter new markets in North America and Europe by the end of 2025.

## Funding rounds

- Series B, Apr 24, 2013, $7.5M — Atlas Venture

## Investors

- Atlas Venture (https://capitalatlas.ai/funds/atlas-venture) — Series B