Splitting Fares
Latest round
- Seed
Last raised
- Feb 2017
Total raised
- $0.6M
Investors
- 9
About Splitting Fares
Splitting Fares, Inc.Splitting Fares, Inc. is focused on carpooling solutions that enhance commuting efficiency. The company was acquired by Robert Bosch in February 2018, although the terms of the sale were undisclosed.SPLT specializes in enterprise carpooling solutions aimed at enhancing mobility for organizations and their employees. The company's core product offering facilitates ridesharing among users, allowing employees to connect with one another to share commutes, thereby reducing transportation costs and contributing to environmental sustainability. SPLT's platform is designed for organizations seeking to optimize their commuting solutions, with the end goal of solving issues related to traffic congestion, parking shortages, and high commuting costs. The service has been adopted by various businesses across multiple sectors, including corporate offices and educational institutions, primarily in urban areas where carpooling provides a practical alternative to traditional commuting methods.SPLT generates revenue through subscription-based partnerships with businesses that implement their carpooling platform for employee use. Clients typically enter into agreements that allow the company to provide tailored services based on the organization's size and commuting needs, resulting in a structured fee arrangement. The pricing model may vary depending on the scale of implementation and the specific features chosen by the client. Revenue is derived from recurring payments tied to the ongoing usage of the platform, as well as potential transactional fees related to specific usage metrics.In the future, SPLT plans to design and launch new products aimed at enhancing its carpooling services, focusing on improved user experiences and integrations, though exact release dates have yet to be announced. The company is also targeting expansion into additional markets in North America and Europe by 2024, taking advantage of increasing demand for their solutions.
Who invested in Splitting Fares
9 investors across 3 rounds
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Questions about Splitting Fares
Who invested in Splitting Fares?
Splitting Fares has 9 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Splitting Fares raised?
Splitting Fares has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Splitting Fares last raise money?
Splitting Fares's most recent round on record is a Seed, in Feb 2017.
What does Splitting Fares do?
Splitting Fares is a transportation services company.
Where is Splitting Fares headquartered?
Splitting Fares is headquartered in Detroit, US.
Which VCs invest in companies like Splitting Fares?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back transportation services companies at Splitting Fares's stage. Their profiles are linked below.
VCs backing transportation services startups at Seed
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