Ridecell Enables Nation's Largest All-Electric Car Sharing Fleet

SAN FRANCISCO, May 14, 2019 /PRNewswire/ -- Ridecell Inc., the leading platform for shared and autonomous mobility operators, announced that an enhanced version of its mobility platform designed for the unique requirements of EV fleets is now powering a major expansion of GIG Car Share, the free-floating car sharing service powered by AAA Northern California. With 260 all-electric Chevy Bolts, the now fully operational service in Sacramento California is the nation's largest all-electric car share fleet. A central component of the green mobility strategy adopted by the City of Sacramento, GIG Car Share will help the city reduce greenhouse gas emissions, improve air quality, and increase traffic flow.

"GIG Car Share has been working closely with Ridecell since our initial service launch in 2017," explained Jason Haight, President, GIG Car Share. "The Ridecell platform has enabled us to quickly roll-out new service regions and improvements to the overall Member experience. With the addition of this new market, we are now connecting the Bay Area and Sacramento with the nation's first inter-regional, free-floating car share service."

The all-electric GIG Car Share service was formed through a collaboration between GIG Car Share, Volkswaen subsidiary Electrify America, and the City of Sacramento. The service allows drivers to pick-up and drop-off one of 260 all-electric Gigs anywhere inside a 13-square mile HomeZone for as little as $0.40 per minute which includes street parking, charging, and insurance.

Since its launch in 2017, the Ridecell platform has enabled GIG Car Share to scale to 7 cities in California. The Ridecell platform is uniquely designed to easily build profitable shared mobility businesses. For the Sacramento launch, the platform was able to support the unique requirements of the service by adding key features, including parking report automation and charging point information.

"We are very excited to be the shared mobility platform provider for this green mobility initiative adopted by the city of Sacramento," said Aarjav Trivedi, CEO of Ridecell. "The program promises to significantly reduce emissions and traffic congestion in a major metropolitan region. Ridecell is thrilled to be working with GIG Car Share on this multi-year journey to bring car sharing to users throughout California."

About Ridecell
Ridecell is on a mission to empower shared 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 car sharing services. Headquartered in San Francisco, the company provides a new mobility cloud platform for car sharing, ridesharing and autonomous ride-hailing. 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. Through its acquisition of Auro, Ridecell also provides a comprehensive suite of L4 on-vehicle software, sensors and controls that enable autonomous vehicle operation.

Founded in 2009, Ridecell has already processed over 25 million rides and rentals, and has a team of more than 150 professionals in the US, Europe, Asia, and Australia. Ridecell's Series B round is led by Activate Capital and brings together prominent investors including DENSO, Cox Automotive, Munich Re Venture's ERGO Fund, Initialized Capital, LG Technology Ventures, BNP Paribas, Penske, Deutsche Bahn, Mitsui, Sony Innovation Fund, Ally Ventures and Khosla Ventures.

The company now powers new mobility offerings, including ReachNow, mobility service from the BMW Group, ZITY by Groupe Renault and Ferrovial, and GIG Car Share by AAA NCNU. In addition, Ridecell powers dynamic shuttle services for campuses such as Georgia Tech, UC Berkeley, UCSF, 3M, and transit agencies like SouthWest Transit.

Ridecell Media Contact
Deepti Tiku, Senior Director of Corporate Marketing
(415) 608-8112
[email protected]

About GIG Car Share
GIG Car Share, a service from AAA Northern California, is a one-way car share operating with 500 hybrid-electric Gigs in the San Francisco Bay Area and 260 all-electric Gigs in Sacramento. The service launched in 2017 as the first venture from A3Ventures, AAA's innovation lab based in Berkeley, Calif. Learn more at https://gigcarshare.com/sacramento/

GIG Car Share Media Contact
Michael Blasky, Spokesperson, AAA Northern California, Nevada & Utah
(702) 378-7557
[email protected]

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SOURCE Ridecell

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