Bestmile raises $16.5 million in a Series B round

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28.08.2019
Bestmile shuttle bus

Whether in Asia, Europe or America, Bestmile’s platform has become the go-to solution for fleet orchestration of autonomous and human-driven vehicles. To accelerate its growth, the startup has closed a $16.5 million Series B round led Blue Lagoon Capital and TransLink Capital and welcomed two new board members.

Bestmile developed a fleet orchestration platform used to plan, manage, and optimize autonomous and human-driven vehicle fleets. The platform has supported fleets on three continents since 2014, including the first autonomous fleets to operate on city streets as part of public transport networks. The platform is the only solution of its kind that is vehicle agnostic, can manage autonomous and human-driven vehicles, supports on-demand and time-based services, integrates with multiple transport modes, and provides end-to-end applications for travellers, drivers, and operators.

In preparation for the next stages, Bestmile has closed a $16.5 million Series B round led by two U.S firms, Blue Lagoon Capital and TransLink Capital with participation from investors from the Series A round –  Road Ventures, Partech, Groupe ADP, Airbus Ventures, Serena and others. The new funds will enable Bestmile to accelerate the growth of its platform.

In line with its ambitions, Bestmile has strengthened its leadership, bringing two new members on its board.  Blue Lagoon partners, Rodney Rogers and Kevin Reid, have joined the Bestmile board, with Rogers serving as Chairman. Rogers and Reid, both seasoned technology operators, co-founded enterprise cloud services company Virtustream in 2009 which was acquired by EMC Corporation in 2015 for $1.2 billion and is now part of Dell Technologies.

"With these funds and leadership, we are ready to advance our leadership in fleet orchestration," said Raphael Gindrat, co-founder and CEO of Bestmile. "We are excited to have the financial and operational support we need to ramp up every function of the organization."

(Press release)

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