# SmartRyde

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

- Industry: Transportation Services
- Headquarters: Tokyo, Japan
- Website: https://smart-ryde.com/
- Total disclosed funding: $3.4M
- Latest round: Series A (Apr 9, 2023)
- Investors on record: 11

## About

Founded in 2017 and based in Tokyo, Japan, SmartRyde, Inc. offers innovative transportation solutions that simplify the travel experience for individuals and groups through a comprehensive booking platform.SmartRyde, Inc. specializes in providing a booking platform that connects travelers with a range of transportation services. Founded by Sota Kimura, who has a background in the travel industry, the company's headquarters is in Tokyo, Japan. Since its inception, SmartRyde has engaged in 3 transactions, with its most recent funding round being a Series A completed in April 2023, raising JPY 244 million from investors including Hiroshima Venture Capital and NEC Capital Solutions, bringing the total amount raised to JPY 244 million and the current company valuation to JPY 1,872.459 million.SmartRyde specializes in providing innovative transportation solutions aimed at enhancing the travel experience for individuals and groups. Their core product offerings include a seamless booking platform that connects travelers with various transportation services, such as airport shuttles, ride-sharing options, and private transfers. This platform simplifies the travel planning process, addressing challenges like availability, pricing, and convenience for both leisure and business travelers. The company serves a global client base, operational in major international markets across Europe, North America, and Asia.SmartRyde generates revenue through its transaction-based model, primarily from direct-to-consumer bookings for its transportation services. Clients can select from various options priced based on distance, vehicle type, and destination. Key offerings often cater to high-demand travel routes, ensuring a steady influx of bookings. The company employs a commission structure with its transportation partners, facilitating streamlined payments for consumers and fair compensation for service providers, thereby optimizing its revenue streams while delivering value to its clients.In April 2023, SmartRyde, Inc. raised JPY 205 million in venture debt financing from Japan Finance Corporation. The company plans to utilize this funding to expand its team and enhance product development, specifically with plans to collaborate with taxi operators in Japan to digitize their operations via an upcoming SmartRyde supplier portal. This initiative aims to improve operational efficiency and customer service, positioning SmartRyde for further growth in the transportation sector.

## Funding rounds

- Series A, Apr 9, 2023, $1.9M — SMBC Venture Capital, NEC Capital Solutions, Shiga Bank, Iyogin Capital, Hiroshima Venture Capital, YMFG Capital, NVenture Capital
- Series A, Aug 31, 2021, $1.6M — SMBC Venture Capital, Iyogin Capital, Hiroshima Venture Capital, YMFG Capital, Angel Bridge, SG Incubate, Optima Ventures, Inventum Ventures

## Investors

- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series A
- Iyogin Capital (https://capitalatlas.ai/funds/iyogin-capital) — Series A
- Hiroshima Venture Capital (https://capitalatlas.ai/funds/hiroshima-venture-capital) — Series A
- YMFG Capital (https://capitalatlas.ai/funds/ymfg-capital) — Series A
- Angel Bridge (https://capitalatlas.ai/funds/angel-bridge) — Series A
- SG Incubate (https://capitalatlas.ai/funds/sg-incubate) — Series A
- Optima Ventures — Series A
- Inventum Ventures (https://capitalatlas.ai/funds/inventum-ventures) — Series A
- NEC Capital Solutions (https://capitalatlas.ai/funds/nec-capital-solutions) — Series A
- Shiga Bank — Series A
- NVenture Capital (https://capitalatlas.ai/funds/nventure-capital) — Series A