Bestmile raises $11 million to fuel growth in autonomous mobility

22.03.2018 09:07

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Road Ventures, Airbus Ventures, Partech Ventures and other top investors back Bestmile’s expansion into microtransit, ridehailing and multi-modal mobility service solutions.

Bestmile, the leading mobility platform that enables service providers to manage, operate and optimize autonomous vehicle fleets, today announced it has raised $11 million in a Series A funding round, led by Road Ventures SA. Road Ventures is an early stage investment vehicle active in the transportation and mobility sector created by Viatrans SA, a Geneva based company providing services to the Road Transport industry. Partech Ventures, Aéroport de Paris (ADP), Airbus Ventures, Serena Capital and Mobility.fund participated in the round. This investment will power the company’s global expansion, strengthen its mobility cloud platform technology, and extend its customer relationships with service providers, strategic OEM and technology partners.

“We are bullish on the mobility services market and see Bestmile as a disruptive force to not only transform the current conventional-driven environment, but also autonomous vehicle fleets,” Patrice Crisinel, Managing Director, Road Ventures SA.

“Based on the company’s proven mobility service technology, commercial deployments in European cities and strategic projects in the U.S., it was a no-brainer to support such a true innovator in the field once again,” said Reza Malekzadeh, general partner of Partech Ventures in San Francisco.

Bestmile’s Mobility Services Platform enables the intelligent operation and optimization of autonomous vehicle fleets, regardless of their brand or type, for both fixed-route and on-demand service types. The platform offers features such as fleet and resource management, mobility service operations and optimizations, business back office support and data intelligence. The company’s platform also provides front-end and back-end interfaces for operators and travelers, including control center dashboards, mobile and web applications, and APIs.

Expansion to ride-hailing
The company’s expansion to ride-hailing will offer flexibility to customers with the operation of hybrid fleets comprised of human-driven and autonomous vehicles to support mobility providers’ transition to autonomous mobility. “Over the next several years, mobility services will experience a transitional phase where autonomous and human driven vehicles will coexist within the same fleets,” said Raphael Gindrat, CEO of Bestmile. “New microtransit services will develop into the transportation ecosystem as well. This large opportunity in a booming market, coupled with our innovative technology, are major reasons why so many prestigious investors are backing Bestmile.”

Bestmile works with mobility service providers, including Transportation Network Companies (TNCs), public transit agencies, transportation operators, and private communities and campuses. The company will expand its microtransit on-demand services, as well as its multimodal services with existing transportation systems, operators and cities. Bestmile is also continuing to build strong partnerships with vehicle manufacturers and automotive OEMs. The company has notably worked with Navya, EasyMile, Local Motors, and partnered with Paravan, Next Future Transportation, Hi-tech Robotic Systemz among others.

The operation of hybrid fleets will be the cornerstone of the autonomous mobility revolution. How efficiently autonomous mobility services are managed and integrated into the existing transportation ecosystem will directly impact the speed of adoption of autonomous vehicles worldwide.

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