The world's first private mass transit service providing a commutingβ¦
Company was acquired
Event Year: 2014
Company was acquired
Event Year: 2014
Chariot aimed to establish a pioneering, self-sustaining mass transit system designed to alleviate urban congestion while delivering a comfortable and personalized commuting experience. The company's core objective centered on providing universal access to enhanced transportation options. Their vision encompassed a future where commuters, irrespective of income or geographic location, would rely on Chariot for their daily journeys to and from work. Prioritizing affordability and flexibility was key to their expansion strategy. By optimizing routes, reducing costs, and improving the overall ride experience, Chariot sought to reduce the number of individual cars on the road, transforming the daily commute from a source of frustration into a positive part of the day.
Acquired by Ford Smart Mobility (FSM), Chariot became a central component of Ford's broader mobility strategy. FSM, established in 2015, focused on acquiring and investing in innovative mobility startups and technologies. The acquisition provided Chariot with the resources and influence necessary to accelerate its mission and expand its reach within the evolving transportation landscape.
Chariot aimed to establish a pioneering, self-sustaining mass transit system designed to alleviate urban congestion while delivering a comfortable and personalized commuting experience. The company's core objective centered on providing universal access to enhanced transportation options. Their vision encompassed a future where commuters, irrespective of income or geographic location, would rely on Chariot for their daily journeys to and from work. Prioritizing affordability and flexibility was key to their expansion strategy. By optimizing routes, reducing costs, and improving the overall ride experience, Chariot sought to reduce the number of individual cars on the road, transforming the daily commute from a source of frustration into a positive part of the day.
Acquired by Ford Smart Mobility (FSM), Chariot became a central component of Ford's broader mobility strategy. FSM, established in 2015, focused on acquiring and investing in innovative mobility startups and technologies. The acquisition provided Chariot with the resources and influence necessary to accelerate its mission and expand its reach within the evolving transportation landscape.
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2015
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2015
Consumer
Consumer
Consumer -> Transportation Services
Consumer -> Transportation Services
Team size: 501
Hiring: No
Team size: 501
Hiring: No