tracxn transport tech startup landscape, july 2016

Transport Tech, July 2016

TracxnWorld’s Largest Startup Research Platform

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Contents

Topic Page No.

Scope of Report 05

Entrepreneur Activity 07

Investment Trend 09

Who is Investing 17

Exit Outlook - IPO, Acquisitions 21

Sub Sector Analysis 24

Interesting Companies 38

Useful Links 47

Company List 49

Team 223

3

3


Illustrative Sectors We Track

ENTERPRISEINFRASTRUCTURE

ENTERPRISEAPPLICATIONS

MOBILECONSUMER

TECH FINTECH EDUCATION HEALTHCARE

SECURITY

STORAGE

NETWORKING

MOBILITY

IT OPS

CLOUD INFRASTRUCTURE

API MANAGEMENT

BIGDATA INFRASTRUCTURE

SAAS

MOBILE-FIRST ENT. APPS

INTELLIGENT ENT. APPS

OPEN SOURCE

RETAIL TECH

MARKETING TECH

STEALTH MODE

VERTICAL SAAS

MOBILE COMMERCE

MOBILE PAYMENTS

MOBILE MARKETING

MOBILE DEV TOOLS

MOBILE HEALTH

MOBILE GAMING

MOBILE LEARNING

MOBILE COMMUNICATION

MARKETPLACES

SUBSCRIPTION COMM.

FOOD TECH

INTERNET FIRST BRANDS

UBER FOR X

SECOND HAND GOODS

TRANSPORT TECH

GAMING

INTERNET OF THINGS

3D PRINTING

BITCOIN

PAYMENTS

EDUCATION IT

SELF LEARNING

LIFE SCIENCES

DIGITAL HEALTH


Sector Overview

Scope of report:

This report covers all ground based transportation services that are available for commute and tech innovations in the space. Italso covers transportation management tools used by enterprises. The focus is on everyday commute and excludes any kind oflong distance transport for the purpose of travel. This report also does not cover IOT and other smart car based services.

Recent Developments:

• Continuing the trend from 2015, Taxi startups have been receiving heavy late stage funding.

• Bike taxi model has received significant traction in the past few months primarily in Asia.

• Public Transport Scouting and Booking space has stayed interesting, with many start-up in the space seeing geographicexpansion.

• Peer to peer car rentals continues to receive funding.

• On-demand valet is yet to prove sustainability, with well funded Zirx pivoting.

• Ride-sharing services for kids is another space that is yet to prove its business model.

• Elon Musk’s Hyperloop idea is closer to reality, with a successful test and $80M in funding that Hyperloop one received.

• Content providers have made heavy investments in taxi start-ups, with possible focus on in-car entertainment.

The scope of this report includes equity as well as debt funding received by the companies.


Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

6

6


YoY – Number of companies founded

47

86

112 109

157

135

15

0

36

72

108

144

180

2010 2011 2012 2013 2014 2015 2016 YTD

Nu

mb

er o

f C

om

pan

ies

Yongche Ola Didi Chuxing PPZuche Shenzhou Car Shouqi Limousine & Chauffeur Liftiee

Gett Cabify Lyft Luxe Karhoo Dudu Bus BoksKar


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

8

8


YoY – Number of Rounds and Total Funding

$66M $122M $190M $350M $605M$1.0B

$8.9B

$14.7B

$8.9B

19 18

36

70

117

170

207 204

64

0

50

100

150

200

250

0

3200

6400

9600

12800

16000

2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD

Nu

mb

er of R

ou

nd

sFu

nd

ing

Am

ou

nt

(in

Mill

ion

s)

Funding Amount Number of Rounds

Note: The funding includes debt rounds also.


YoY – Number of Rounds by Stage


YoY – Funding by Stage


Average Ticket Size – Early Stage


Top investments in last one year


Funnel view of Sector


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

16

16


Most Active Investors in Sector

22

2019

15

11 11 11 11

9 9

0

5

10

15

20

25

Index Ventures Sequoia Capital Fontinalis Accel Partners 500 Startups August Capital Matrix Partners Y Combinator CM-CIC CapitalPrive

First Round

Nu

mb

er o

f C

om

pan

ies

Citymapper Ola Masabi Ola SpotHero Inrix Edaijia FlightCar CapitaineÂ Train FlightCar

BlaBlaCar PPZuche Streetline BlaBlaCar Whill Turo Ola Automatic Uber


Where are Top Investors investing


Top Investor by Stage of Entry


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

20

20


Top IPOs in last six years

IPO Date CompanyOverviewInvestors

Funding Amount

Mcap at IPO Exch:Ticker

18-Nov-2014 1hai.cneHi Car Services(Shanghai, 2006)

Car rental serviceGoldman Sachs, jafcoasia, Ignition Partners, Qiming, Ignition Capital, New Access Capital

$420M EHIC

14-Sep-2014 zuche.comZuche

(Beijing, 2007)

Chinese car rental serviceKleiner Perkins, Warburg Pincus, Legend Star Ventures $203M 699

04-Mar-2014 sgfleet.comSgfleet

(Pymble, 1986)

Fleet management and fleet leasing servicesCHAMP Ventures SGF

13-Apr-2011 zipcar.comZipcar

(Boston, 2000)

Membership based car sharing clubGreylock, Benchmark, Meritech, Pinnacle Ventures, GLOBESPAN CAPITAL, Smedvig Capital, Atlas Accelerator, Pinnacle Ventures

$60.7M NASDAQ:ZIP

01-Jul-2010 autonavi.comAutoNavi

(Beijing, 2002)

Navigation Solutions and Digital Map Content ProviderSequoia Capital, Walden International, Harbinger Ventures, Legend Capital, Legend Star Ventures

$40M Nasdaq:AMAP


Major Acquisitions in last five years


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

23

23


June 2016Tracxn BlueBox : Transport Tech

820+ companies in the sector, 357 funded in the last 5 years, $18.8B invested in 2015/16


Top Business Models by Funding

$29.5B

$279M

$225M

$161M$135M $130M

$86M $78M

$20M

0

100

200

300

400

30000

Cars Public Transport Route optimization Trafficmanagement

Smart ShuttleServices

Nontraditional Fleet Management EmployeeTransport

management

Bicycle

Tota

l Fu

nd

ing

Am

ou

nt

(in

Mill

ion

s)

# Cos. 515 85 16 15 27 18 32 23 20

Avg. Age 2008.1 2005.2 2007.4 2002.9 2013.4 2011.3 2007.8 2007.5 2010.3

Uber Moovit Waze Inrix Dada Bus Hyperloop Zirx Vlink Zagster

Didi Chuxing Citymapper MapmyIndia Sensys Networks Dudu Bus Acal Energy inthinc Zimride Rutland Cycling


Cars – Business Model Description


Cars – Entrepreneur Activity and Investment Trend


Cars – Taxi – Business Model Description


Cars – Taxi – Entrepreneur Activity and Investment Trend


Cars – Rentals – Business Model Description


Cars – Rentals – Entrepreneur Activity and Investment Trend


Cars – Most Funded Companies


Public Transport – Business Model Description


Public Transport – Entrepreneur Activity and Investment Trend


Public Transport – Most Funded Companies


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

37

37


Interesting Unfunded Companies

Company Overview Business Model

lightmetrics.coAirXsys

(2015, Bangalore)Drone based parking scout Transport Tech > Cars > Parking > Enablers > Book & Pay online

hyhop.comHyHop

(2015, Bangalore)

Hyperlocal shuttle service providerCars > Taxi

Mom On Wheels(2016, London)

Ridesharing transport for Kids Cars > Car-Pooling > With Care - Taker

Pedl(2016, London)

Bike rentals for college termBikes > Rental

Kommen(2016, Frisco)

Scheduled Uber booking enablerCars > Taxi

TicketFix(2015, Brussels)

Parking ticket payment enablerCars > Parking ticket payment

Curated list of companies by the sector analyst are defined as Interesting


Interesting Series A Companies


Interesting Series B Companies


Interesting Late Stage Companies


Top Funded Deadpooled Companies


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

46

46


Useful Links

Slide Title Content Platform Link

List of All Companies in readable format Companies Link

Upcoming Sectors Entrepreneur Activity Link

Top investments in last one year Investment Trend Link

Latest IPOs in the sector Exit Outlook - IPO, Acquisitions Link

Major Acquisitions in the sector Exit Outlook - IPO, Acquisitions Link

Cars – Most Funded Companies Sub Sector Understand Link

Taxi – Most Funded companies Sub Sector Understand Link

Car Rentals – Most Funded Companies Sub Sector Understand Link

Public Transport – Most Funded Companies Sub Sector Understand Link

Top Funded Deadpooled Companies Companies Link

http://tracxn.com/query/feedview#%7Csort%3Drelevance%7Corder%3DDEFAULT%7CfeedName%3DTransport%20Tech

http://tracxn.com/query/upcoming#%7Csort%3Drelevance%7Corder%3DDEFAULT%7CfeedName%3DTransport%20Tech

http://tracxn.com/query/transactions#%7Csort%3DtransactionFundingRoundAmount%7Corder%3DDEFAULT%7CfeedName%3DTransport%20Tech%7ClatestFundedDate%5Emin%3D09%2F06%2F2015%5Emax%3D09%2F06%2F2016

http://tracxn.com/query/feedview#%7Csort%3DipoDate%7Corder%3DDEFAULT%7CfeedName%3DTransport%20Tech%7CcompanyStage%3DPublic

http://tracxn.com/query/feedview#%7Csort%3DacquisitionDate%7Corder%3DDEFAULT%7CfeedName%3DTransport%20Tech%7CcompanyType%3DACQUIRED

http://tracxn.com/query/feedview#%7Csort%3DtotalMoneyRaised%7Corder%3DDEFAULT%7CfeedName%3DTransport%20Tech%7CbusinessModel%3D55b8b4cae4b0f44ef0b87458%3ACars

http://tracxn.com/query/feedview#%7Csort%3DtotalMoneyRaised%7Corder%3DDEFAULT%7CfeedName%3DTransport%20Tech%7CbusinessModel%3D55b8b4f7e4b0f44ef0b87460%3ACars%20-%20Taxi%20

http://tracxn.com/query/feedview#%7Csort%3DtotalMoneyRaised%7Corder%3DDEFAULT%7CfeedName%3DTransport%20Tech%7CbusinessModel%3D55b8c36ce4b0f44ef0b876b6%3ACars%20-%20Rental

http://tracxn.com/query/feedview#%7Csort%3DtotalMoneyRaised%7Corder%3DDEFAULT%7CfeedName%3DTransport%20Tech%7CbusinessModel%3D55b9db81e4b0f44ef0b88001%3APublic%20Transport

http://tracxn.com/query/feedview#%7Csort%3DtotalMoneyRaised%7Corder%3DDEFAULT%7CfeedName%3DTransport%20Tech%7CisFunded%3Dtrue%7CcompanyStage%3DDeadpooled


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

48

48


Transport Tech – Company List

COVERS THE FOLLOWING SECTORS

Cars - Taxi Cars - Carpooling Cars -Rental Cars - Parking Cars - DriverPublic

TransportBicycle

Motorized Two Wheeler

Auto - Rickshaw

Smart Shuttle

Non - Traditional Employee Transport SolutionsFleet

ManagementFleet Management

Route Optimization

Traffic Management


Cars – Taxi (01/44)

Company Details Funding Investors

Uber [San Francisco, 2009]: Uber offers a mobile application that enables passengers to arrange for a pick-upfor travel. Their platform connects passengers and ridesharing services and the mobile app uses phone's GPSto detect user's location and connects them with the nearest available ride. Driver's name and cab details areposted on the mobile app. Pre-ride fare display on the app and credit card billing are offered. Cars are reservedby using the mobile app. Using the app, customers can track their reserved car's location. The platform alsoallows a user to register and become a driver in their service. Uber is also experimenting with new services,like its UberRUSH courier service or its UberFAMILY child seat offerings in New York City. Valuation of $62.5Bas of June 2016.

$13.61B

Google, First Round, Microsoft, Fidelity, Summit Partners, Goldman

Sachs, General Atlantic, Founder Collective, Benchmark, Norwest Venture Partners, Baidu, Kleiner

Perkins, Google Ventures, Lowercase capital, Innovation Endeavors, Menlo Ventures, CrunchFund, Kapor Capital, BlackRock, CBC Capital, Tata Capital,

Bezos Expeditions, Industry Ventures, TrueBridge Capital, Tengelmann

Ventures, TPG Capital, Structure, Emil Capital, China Life Insurance, China

Minsheng Banking, Guangzhou Automobile Group, GAEI, HNA Group, Lone Pine Capital, Wellington, Raptor

Group, Saudi Arabian Monetary Agency - SAMA, Vanke, Darwin Ventures, AITV, Sherpa, Vulcan

Capital, Cota Capital, bcclcareers.timesgroup.com, CITIC

Securities, ctih.cntaiping.com

Cars -Taxi

Cars -Carpooling

Cars -Rental

Cars -Parking

Cars -Driver

Public Transport

BicycleMotorized

Two WheelerAuto -

RickshawSmart

ShuttleNon -

TraditionalEmployee Transport

SolutionsFleet

ManagementRoute

OptimizationTraffic

Management

http://www.uber.com/




Lyft [San Francisco, 2012]: Lyft is an on-demand taxi hailing app. Lyft community drivers are background-checked and interviewed. Gradually evolved from ride sharing services to taxi booking services. Offers taxihailing service, Lyft and Lyft Plus and Intra-city ride sharing via Lyft line. Looking to expand beyond us marketby 2016. Have entered into a partnership with India's Ola, China's Didi Kuaidi and Malaysia's GrabTaxi, whichwill allow passengers to book rides on any of these cab services using just one app, a move designed to counterthe global reach of their main rival Uber.

$2.11B

Facebook, Andreessen Horowitz, Alibaba.com, Mayfield, Founders Fund, Rakuten, K9 Ventures, GSV

Capital, Tenaya Capital, Floodgate, Coatue, Collaborative Fund, Fortress

Investment Group, Fontinalis, General Motors, Icahn Enterprises L.p.,

Kingdom, Third Point, Didi Chuxing, Olympus Partners, Darwin Ventures, SierraMaya360, Milliways Ventures,

QueensBridge Venture, Altpoint Ventures, NFX Guild, GSV Financial

Group LLC

Ola [Bangalore, 2011]: Ola is an app-based platform which lets users book a cab nearby. Does not maintain itsown fleet, rather onboards independent drivers and cab agencies with Ola's branding. Offers city taxi,outstation and hour-based rental services. Also introduced Auto rickshaw booking feature in late 2014. Hasmobile apps on Android, iOS and Windows platforms that connects the consumer to the cab. Switched primarypayment gateway from Zaakpay to PayU in March 2015. Receives 50% of its bookings from mobile. Also has anapp for drivers that acts as an in-car navigation and communication device. Conducts regular car audits, drivertraining and sensitization sessions to ensure standardized service delivery and customer comfort. Present in 67cities in India with over 1 lakh vehicles on its platform as of Mar 2015. Acquired rival TaxiForSure for $200M ina cash and stock deal in March 2015. Have entered into a partnership with China's Didi Kuaidi, US-based Lyftand Malaysia's GrabTaxi, which will allow passengers to book rides on any of these cab services using just oneapp. Ties up with businesses, housing societies for its ride sharing service. The company has launched a newservice called 'Ola Corporate' which offers enterprise customers, the option of hailing a Cab for businesspurposes and pay from their company's centralised pre-paid account, as of Jan 2016. In March '16, thecompany announced restructuring to focus on core taxi service. Piloting 3rd party logistics services for B2Bcompanies as of May 2016. Launched 'Ola Lux' in Mumbai in May 2016 which enables users to book luxurycabs from makers like Mercedes, Jaguar, Audi etc. As of June 2016, Ola will become the first aggregator toreceive operator's permit issued by Karnataka State RTA.

$1.2B

Accel Partners, Matrix Partners India, Sequoia Capital, Tiger Global,

SoftBank, Matrix Partners, DST Global, ABG Capital, Baillie Gifford, GIC,

Steadview Capital, Didi Chuxing, Orios Venture Partners, Falcon Edge Capital

Cars -Taxi

Cars -Carpooling

Cars -Rental

Cars -Parking

Cars -Driver

Public Transport

BicycleMotorized

Two WheelerAuto -

RickshawSmart

ShuttleNon -


SolutionsFleet

ManagementRoute

OptimizationTraffic

Management

http://www.lyft.com/

http://www.olacabs.com/




Gett [New York City, 2010]: Gett (previously GetTaxi) is an app for hailing a cab ride. It enables users to ordera cab either with their smartphone or through the company's website. Users can order for a cab service, entertheir location and travel route details to get the cab fare in advance and are connected with the nearest ride totheir current location. The users can pay for the service online. Provides transport solutions to over 2500businesses through features like pre-booking, Corporate black car services and more. Takes only a 10% cutfrom the drivers. Also provides transport solutions to events.

$513MKreos Capital, Access Industries, Volkswagen Group, MCI Capital,

Vostok New Ventures

Via [New York City, 2012]: Via is an iPhone app to share rides in a professionally chauffeured SUV or Mercedesvan. Users request a pick-up in the app and pay a flat rate, share rides with others going in same direction.Company is optimizing pricing model constantly and aims to keep it as low or close to public transport options.It contracts with cab drivers. Operates in NYC and Chicago as of June 2016.

$107.06MPitango VC, Israel, Kapor Capital, Expansion, Hearst, Poalim Capital Markets, C4 Ventures, 83North

Easy Taxi [Sao Paulo, 2011]: Easy Taxi is a mobile taxi app, present in 11 countries, that connects drivers andpassengers. Available for iOS, Android and BlackBerry devices, users can confirm their pickup point and ordercab with the press of a button. Users get to know the name, photo and car model/plate of their driver postbooking, and are able to follow the vehicle’s location in real-time. Users can also save addresses, check ridehistory and more. Easy Taxi recently moved out of Asian and African markets to focus on Latin America.

$77MPhenomen Ventures, Rocket Internet,

Tengelmann Ventures, iMENA

Careem [Dubai, 2012]: Careem operates in the e-commerce industry as a private cab booking service. Simplyspeaking, Careem is an aggregator that provides a technology and operations layer on top of existingproviders. This enables them to become accessible to customers on the web and on mobile devices; as well asproviding them with a web-based payment gateway.

$71.7M

Wamda, Iris Capital, Lumia Capital, Abraaj Capital, Al Tayyar Travel Group, BECO Capital, STC Ventures, Impulse,

Wamda Capital, Arzan VC

99Taxis [Sao Paulo, 2012]: Smartphone app to call taxis in São Paulo. Passengers can call nearest taxi-driverthrough the app and make payment through PayPal. Drivers can sign-up for the free app. the team responsiblefor 99Taxis is formed by two known Brazilian internet geeks (Paulo Veras, Renato Freitas and Ariel Lambrecht)and Paulo Veras, Serial Internet Entrepreneur. The app has iOS, Android and Windows version available.

$43MQualcomm Ventures, Monashees,

Startcaps

Cars -Taxi

Cars -Carpooling

Cars -Rental

Cars -Parking

Cars -Driver

Public Transport

BicycleMotorized

Two WheelerAuto -

RickshawSmart

ShuttleNon -


SolutionsFleet

ManagementRoute

OptimizationTraffic

Management

http://www.gett.com/

http://www.ridewithvia.com/

http://www.easytaxi.com.br/

http://www.careem.com/

http://www.99taxis.com/