Tracxn Transport Tech Startup Landscape, July 2016

Transport Tech, July 2016
Tracxn
World’s Largest Startup Research Platform
2

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
ENTERPRISE
INFRASTRUCTURE
ENTERPRISE
APPLICATIONS
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. It
also covers transportation management tools used by enterprises. The focus is on everyday commute and excludes any kind of
long 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 geographic
expansion.
• 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
NumberofCompanies
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
NumberofRounds
FundingAmount(inMillions)
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
6
16

Most Active Investors in Sector
22
20
19
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 Capital
Prive
First Round
NumberofCompanies
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
0
20

Top IPOs in last six years
IPO Date Company
Overview
Investors
Funding
Amount
Mcap at IPO
Exch:Ticker
18-Nov-2014 1hai.cn
eHi Car Services
(Shanghai, 2006)
Car rental service
Goldman Sachs, jafcoasia, Ignition Partners, Qiming, Ignition Capital, New Access
Capital
$420M EHIC
14-Sep-2014 zuche.com
Zuche
(Beijing, 2007)
Chinese car rental service
Kleiner Perkins, Warburg Pincus, Legend Star Ventures $203M 699
04-Mar-2014 sgfleet.com
Sgfleet
(Pymble, 1986)
Fleet management and fleet leasing services
CHAMP Ventures SGF
13-Apr-2011 zipcar.com
Zipcar
(Boston, 2000)
Membership based car sharing club
Greylock, Benchmark, Meritech, Pinnacle Ventures, GLOBESPAN CAPITAL, Smedvig
Capital, Atlas Accelerator, Pinnacle Ventures
$60.7M NASDAQ:ZIP
01-Jul-2010 autonavi.com
AutoNavi
(Beijing, 2002)
Navigation Solutions and Digital Map Content Provider
Sequoia 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
3
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 Traffic
management
Smart Shuttle
Services
Nontraditional Fleet Management Employee
Transport
management
Bicycle
TotalFundingAmount(inMillions)
# 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
7
37

Interesting Unfunded Companies
Company Overview Business Model
lightmetrics.co
AirXsys
(2015, Bangalore)
Drone based parking scout Transport Tech > Cars > Parking > Enablers > Book & Pay online
hyhop.com
HyHop
(2015, Bangalore)
Hyperlocal shuttle service provider
Cars > Taxi
Mom On Wheels
(2016, London)
Ridesharing transport for Kids Cars > Car-Pooling > With Care - Taker
Pedl
(2016, London)
Bike rentals for college term
Bikes > Rental
Kommen
(2016, Frisco)
Scheduled Uber booking enabler
Cars > Taxi
TicketFix
(2015, Brussels)
Parking ticket payment enabler
Cars > 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
6
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

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
8
48

Transport Tech – Company List
COVERS THE FOLLOWING SECTORS
Cars - Taxi Cars - Carpooling Cars -Rental Cars - Parking Cars - Driver
Public
Transport
Bicycle
Motorized Two
Wheeler
Auto - Rickshaw
Smart
Shuttle
Non - Traditional Employee Transport Solutions
Fleet
Management
Fleet 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-up
for travel. Their platform connects passengers and ridesharing services and the mobile app uses phone's GPS
to detect user's location and connects them with the nearest available ride. Driver's name and cab details are
posted on the mobile app. Pre-ride fare display on the app and credit card billing are offered. Cars are reserved
by using the mobile app. Using the app, customers can track their reserved car's location. The platform also
allows 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 $62.5B
as 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
Bicycle
Motorized
Two Wheeler
Auto -
Rickshaw
Smart
Shuttle
Non -
Traditional
Employee Transport
Solutions
Fleet
Management
Route
Optimization
Traffic
Management

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 taxi
hailing service, Lyft and Lyft Plus and Intra-city ride sharing via Lyft line. Looking to expand beyond us market
by 2016. Have entered into a partnership with India's Ola, China's Didi Kuaidi and Malaysia's GrabTaxi, which
will allow passengers to book rides on any of these cab services using just one app, a move designed to counter
the 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 its
own 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. Has
mobile apps on Android, iOS and Windows platforms that connects the consumer to the cab. Switched primary
payment gateway from Zaakpay to PayU in March 2015. Receives 50% of its bookings from mobile. Also has an
app for drivers that acts as an in-car navigation and communication device. Conducts regular car audits, driver
training and sensitization sessions to ensure standardized service delivery and customer comfort. Present in 67
cities in India with over 1 lakh vehicles on its platform as of Mar 2015. Acquired rival TaxiForSure for $200M in
a cash and stock deal in March 2015. Have entered into a partnership with China's Didi Kuaidi, US-based Lyft
and Malaysia's GrabTaxi, which will allow passengers to book rides on any of these cab services using just one
app. Ties up with businesses, housing societies for its ride sharing service. The company has launched a new
service called 'Ola Corporate' which offers enterprise customers, the option of hailing a Cab for business
purposes and pay from their company's centralised pre-paid account, as of Jan 2016. In March '16, the
company announced restructuring to focus on core taxi service. Piloting 3rd party logistics services for B2B
companies as of May 2016. Launched 'Ola Lux' in Mumbai in May 2016 which enables users to book luxury
cabs from makers like Mercedes, Jaguar, Audi etc. As of June 2016, Ola will become the first aggregator to
receive 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
Bicycle
Motorized
Two Wheeler
Auto -
Rickshaw
Smart
Shuttle
Non -
Traditional
Employee Transport
Solutions
Fleet
Management
Route
Optimization
Traffic
Management

Gett [New York City, 2010]: Gett (previously GetTaxi) is an app for hailing a cab ride. It enables users to order
a cab either with their smartphone or through the company's website. Users can order for a cab service, enter
their location and travel route details to get the cab fare in advance and are connected with the nearest ride to
their current location. The users can pay for the service online. Provides transport solutions to over 2500
businesses through features like pre-booking, Corporate black car services and more. Takes only a 10% cut
from the drivers. Also provides transport solutions to events.
$513M
Kreos 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 Mercedes
van. 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.
$107.06M
Pitango 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 and
passengers. Available for iOS, Android and BlackBerry devices, users can confirm their pickup point and order
cab with the press of a button. Users get to know the name, photo and car model/plate of their driver post
booking, and are able to follow the vehicle’s location in real-time. Users can also save addresses, check ride
history and more. Easy Taxi recently moved out of Asian and African markets to focus on Latin America.
$77M
Phenomen Ventures, Rocket Internet,
Tengelmann Ventures, iMENA
Careem [Dubai, 2012]: Careem operates in the e-commerce industry as a private cab booking service. Simply
speaking, Careem is an aggregator that provides a technology and operations layer on top of existing
providers. This enables them to become accessible to customers on the web and on mobile devices; as well as
providing 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-driver
through the app and make payment through PayPal. Drivers can sign-up for the free app. the team responsible
for 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.
$43M
Qualcomm Ventures, Monashees,
Startcaps
Cars -
Taxi
Cars -
Carpooling
Cars -
Rental
Cars -
Parking
Cars -
Driver
Public
Transport
Bicycle
Motorized
Two Wheeler
Auto -
Rickshaw
Smart
Shuttle
Non -
Traditional
Employee Transport
Solutions
Fleet
Management
Route
Optimization
Traffic
Management