Ridepanda
Latest round
- Series A
Last raised
- Oct 2025
Total raised
- $3.8M
Investors
- 16
About Ridepanda
Elektra Mobility, Inc.Founded in 2020 and headquartered in San Francisco, US, Elektra Mobility, Inc. operates a subscription service called Ridepanda, focusing on providing eco-friendly commuting solutions. The company was established by Charlie Depman and Chinmay Malaviya, who has prior experience in the startup ecosystem. Ridepanda operates as a subscription platform providing access to a diverse range of pedal bikes, e-bikes, and e-scooters from leading brands, including Giant, Segway, and Diamondback. The company’s core offerings encompass employer-sponsored subscription plans that begin at USD 45 per month, allowing organizations to subsidize employee transportation options as part of their benefits packages. This model aims to address urban commuting challenges by facilitating environmentally friendly transportation alternatives, reducing carbon emissions, and enhancing employee wellness through active commuting. Ridepanda's services are designed for a varied client base, including companies of all sizes, and target employees seeking reliable, convenient modes of transportation for commuting, errands, and recreation.Ridepanda generates revenue primarily through subscription-based models, offering employers the ability to subsidize transportation costs for their employees. Within this framework, businesses can choose between direct contributions to the subscription costs or reimbursement options based on their benefits strategy. The service encompasses various plans that include comprehensive theft insurance and free maintenance, which adds value for both employers and employees. Revenue is derived from the monthly subscription fees paid by organizations for access to Ridepanda's diverse catalog of vehicles, which includes flagship offerings such as e-bikes and scooters.Elektra Mobility, Inc. aims to expand its product offerings and geographical reach in the coming years. The company is in the process of designing new subscription plans that will cater to a broader demographic and is looking to launch these by early 2024. Additionally, Elektra plans to extend its services to new markets within the US, targeting urban centers to enhance accessibility for users.
Who invested in Ridepanda
16 investors across 4 rounds
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Questions about Ridepanda
Who invested in Ridepanda?
Ridepanda has 16 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Ridepanda raised?
Ridepanda has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Ridepanda last raise money?
Ridepanda's most recent round on record is a Series A, in Oct 2025.
What does Ridepanda do?
Ridepanda is a consumer products company.
Where is Ridepanda headquartered?
Ridepanda is headquartered in New York, US.
Which VCs invest in companies like Ridepanda?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back consumer products companies at Ridepanda's stage. Their profiles are linked below.
VCs backing consumer products startups at Series A
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