2 years ago

RideTandem Secures €2.7 Million to Combat Transport Poverty with Sustainable Commuter Services

  • London-based RideTandem, a mobility-as-a-service startup, has raised €2.7 million in a funding round led by Blackfinch Ventures

  • The company provides sustainable and affordable shared commuter services, addressing transport poverty by connecting employees with local transportation options

  • The investment will support RideTandem's expansion within the UK and its first foray into international markets.

      • ProblemTransportation

      "Public transport outside of big cities is broken - expensive, unreliable, or simply not there for people who need it. This leaves many people with a stark choice - car ownership, which is itself increasingly prohibitively expensive, or simply not working. This is not good for individuals, their families, their social mobility and mental health, or for communities more broadly, and it's not good for the economy."

      Solution

      "RideTandem provides high-quality, affordable, reliable, and sustainable shared commuter services for employers whose staff would otherwise be unable to work because of the cost, inconvenience, or complete absence of existing public transport options. This helps people get to work and supports businesses with recruitment and retention."

      Covered on