Ridecell and DENSO Announce Global Strategic Partnership

SAN FRANCISCO, Dec. 20, 2017 /PRNewswire/ -- Ridecell Inc., the leading platform developer for carsharing and ridesharing operators, today announced a strategic partnership with DENSO, the leading supplier of automotive technology, systems, and components for the world's major automakers. Combining the strengths of both companies, the collaboration will further the advancement of new mobility services.

The two companies will combine DENSO hardware developed specifically for new mobility use cases with the Ridecell platform to advance future transportation solutions for automakers and other mobility providers. In addition, DENSO will participate in Ridecell's Series B round of funding, an investment that aligns the two companies to deliver innovative products and solutions that benefit the automotive industry evolution, from vehicle producers to on-demand transportation providers.  

"This partnership reaffirms our commitment to provide the industry's leading platform for carsharing, ridesharing, and autonomous ridehailing services," said Aarjav Trivedi, CEO, Ridecell. "Our collaboration with DENSO will strengthen our capabilities as we continue to deliver profitable solutions to leading mobility innovators, including our common OEM customers, and to develop advanced mobility solutions for the autonomous future." 

Both Ridecell and DENSO share a common vision of providing safer, smarter, and more sustainable mobility solutions.

"Ridecell continues to grow as the leading platform for launching new mobility services today and as the next-generation operations platform for autonomous vehicles tomorrow," said Tony Cannestra, Director of Corporate Ventures at DENSO. "As DENSO continues to pursue investment opportunities that bring innovative solutions to the automotive industry, we recognize Ridecell as a strategic partner. We look forward to mutual clients benefiting from DENSO and Ridecell technology in a variety of ways around the world."

About Ridecell:
Ridecell empowers new mobility operators, including OEMs, car rental companies, auto clubs, cities, transit agencies, dealer groups, and private fleets to launch, expand, and maximize the utilization of their own ridesharing and carsharing services. Headquartered in San Francisco, the company provides an intelligent software platform that runs new mobility services such as carsharing, ridesharing, and autonomous fleet management. End-to-end integration and automation accelerate time to market, enabling Ridecell customers to launch mobility services quickly, operate efficiently, and scale revenues as business grows. Founded in 2009, Ridecell has already processed over 20 million rides and rentals and has a team of more than 100 professionals in the US, Europe, Asia and Australia. The company now powers new mobility offerings, including BMW's ReachNow, Volkswagen's OMNI, Groupe Renault and Ferrovial's ZITY, and AAA's GIG Carsharing service. In addition, Ridecell powers dynamic shuttle services for campuses such as Georgia Tech, UC Berkeley, UCSF, 3M, and transit agencies like SouthWest Transit.

©2017 Ridecell, Inc.  All rights reserved. 
RIDECELL is a registered trademark of Ridecell, Inc. All company or product names mentioned herein are trademarks or registered trademarks of their respective owners.  Information provided in this press release is accurate at the time of publication and is subject to change without notice.

Media Contact:
Kacey Heller
415.277.4917
[email protected] 

SOURCE Ridecell