RidePal, a US-based provider of commuter bus rides for corporate employees, has secured a $3.2m series A financing round led by venture capital firm Claremont Creek Ventures and Volvo Group Venture Capital, the corporate venturing unit of the Sweden-based truck maker Volvo.
Nathalie Criou, RidePal chief executive officer and co-founder, said: “We are excited to work with Claremont Creek Ventures and Volvo Group Venture Capital as their insights and domain expertise will prove immensely valuable in expanding our services.”
Jonas Landstrom, head of Americas at Volvo Group Venture Capital, said: “Mobility solutions in urban areas are a focus area for Volvo Group going forward and RidePal responds in an innovative way to an acute global need. We look forward to leveraging the strengths of both organizations to contribute to better commutes globally.”
Nat Goldhaber, managing director of Claremont Creek Ventures, said: “RidePal is life-changing for its users, and enables efficient commuter management for participating companies.”