# Ridepanda

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

- Industry: Consumer Products
- Headquarters: New York, US
- Website: www.ridepanda.com
- Total disclosed funding: $3.8M
- Latest round: Series A (Oct 29, 2025)
- Investors on record: 16

## About

Elektra Mobility, Inc. is a US-based company specializing in sustainable urban transportation solutions through a subscription platform featuring pedal bikes, e-bikes, and e-scooters from top brands.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. The company operates in several geographical markets across the United States, promoting sustainable transportation solutions tailored to urban and suburban environments.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. By providing a structured subscription service that integrates seamlessly into employee benefits, Ridepanda capitalizes on the growing demand for sustainable commuting options in the corporate sector while maintaining strong customer satisfaction as evidenced by their positive reviews.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. In October 2025, Ridepanda raised an undisclosed amount of series A funding from new investor Bikeleasing-Service GmbH & Co. KG, with participation from returning investors Blackhorn Ventures, Yamaha Motor Ventures, Proeza Ventures, Somersault Ventures and Oyster Ventures. The round was part of a larger USD 12.6 million growth and venture debt funding. The company will use the October 2025 funding to grow its team, enhance its product, and expand its platform to support national operations.

## Funding rounds

- Series A, Oct 29, 2025 — Yamaha Motor Ventures, Blackhorn Ventures, Proeza Ventures, Bikeleasing-Service GmbH & Co. KG, Courtyard Ventures, Oyster Ventures, Efficient Capital Labs, Inc., Somersault Ventures
- Seed, Nov 9, 2023 — General Catalyst Partners, Third Sphere, Yamaha Motor Ventures, Blackhorn Ventures, Porsche Ventures, Proeza Ventures, Oyster Ventures, Somersault Ventures
- Seed, Jun 30, 2021, $3.8M — General Catalyst Partners, Alumni Ventures Group, Yamaha Motor Ventures, Oyster Ventures, Karman Ventures, 0 Ventures, Porsche Ventures, Proeza Ventures, Lorimer Ventures
- Seed, Oct 5, 2020 — General Catalyst Partners, Dreamers VC

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed
- Dreamers VC (https://capitalatlas.ai/funds/dreamers-vc) — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Yamaha Motor Ventures (https://capitalatlas.ai/funds/yamaha-motor-ventures) — Seed, Series A
- Oyster Ventures — Seed, Series A
- Karman Ventures (https://capitalatlas.ai/funds/karman-ventures) — Seed
- 0 Ventures — Seed
- Porsche Ventures (https://capitalatlas.ai/funds/porsche-ventures) — Seed
- Proeza Ventures (https://capitalatlas.ai/funds/proeza-ventures) — Seed, Series A
- Lorimer Ventures (https://capitalatlas.ai/funds/lorimer-ventures) — Seed
- Third Sphere (https://capitalatlas.ai/funds/third-sphere) — Seed
- Blackhorn Ventures (https://capitalatlas.ai/funds/blackhorn-ventures) — Seed, Series A
- Somersault Ventures (https://capitalatlas.ai/funds/somersault-ventures) — Seed, Series A
- Bikeleasing-Service GmbH & Co. KG — Series A
- Courtyard Ventures (https://capitalatlas.ai/funds/courtyard-ventures) — Series A
- Efficient Capital Labs, Inc. — Series A