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Top 27 Public Transportation Startups in 2024

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Have you ever wondered who is on the list of Public Transportation companies with the highest growth rates?

You’re not alone.

There are hundreds of companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 27 fast-growing Public Transportation startups that have top-tier venture capital funding.


27 Public Transportation Startups

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1) Bolt

Bolt

Bolt is a transportation platform that offers services such as ride hailing, micromobility, and meal delivery.

Details of the startup:

  • Country: Estonia
  • State: Harjumaa
  • City: Tallinn
  • Started in: 2013
  • Founders: Markus Villig, Martin Villig, Oliver Leisalu
  • Number of employees: 1001-5000
  • Funding: $616,792,995
  • Funding rounds: 11
  • Number of investors: 27 (Daimler, Startup Wise Guys, International Finance Corporation, Taavet Hinrikus, Creandum)

You can find their website here.

2) FlixBus

FlixBus

FlixBus is a hybrid of a software firm, an e-commerce platform, and a transportation provider.

Details of the startup:

  • Country: Germany
  • State: Bayern
  • City: Munich
  • Started in: 2011
  • Founders: Andre Schwammlein, Daniel Krauss, Jochen Engert
  • Number of employees: 1001-5000
  • Funding: $1,213,056,722
  • Funding rounds: 7
  • Number of investors: 16 (Silver Lake, BlackRock, Daimler, General Atlantic, TCV)

You can find their website here.

3) Careem

Careem

Careem is a company that creates an app that assists Dubai commuters in finding a car to rent.

Details of the startup:

  • Country: United Arab Emirates
  • State: Dubai
  • City: Dubai
  • Started in: 2012
  • Founders: Abdulla Elyas, Magnus Olsson, Mudassir Sheikha, Wael Nafee
  • Number of employees: 1001-5000
  • Funding: $771,700,000
  • Funding rounds: 7
  • Number of investors: 22 (Daimler, Rakuten, DCM Ventures, Coatue, Didi)

You can find their website here.

4) VOI Technology

VOI Technology

Electric scooters for urban commuters are owned, operated, and managed by VOI Technology.

Details of the startup:

  • Country: Sweden
  • State: Stockholms Lan
  • City: Stockholm
  • Started in: 2018
  • Founders: Adam Jafer, Douglas Stark, Filip Lindvall, Fredrik Hjelm, Keith Richman
  • Number of employees: 251-500
  • Funding: $355,900,000
  • Funding rounds: 7
  • Number of investors: 25 (Balderton Capital, LocalGlobe, Project A Ventures, Creandum, Raine Ventures)

You can find their website here.

5) BusUp

BusUp

Global Commuter Shuttle Service Provider with a Ground-Breaking Solution that Enables Shared and Flexible Commuter Shuttle Programs

Details of the startup:

  • Country: Spain
  • State: Catalonia
  • City: Barcelona
  • Started in: 2016
  • Founders: Alex Canals, Danilo Tamelini, Eva Romagosa, Rui Stoffel Fernandes
  • Number of employees: 51-100
  • Funding: $9,123,881
  • Funding rounds: 5
  • Number of investors: 6 (Autotech Ventures, EASME - EU Executive Agency for SMEs, Proeza Ventures, IESE Business School, Finaves)

You can find their website here.

6) Trafi

Trafi

Trafi is a mobility-as-a-service platform that helps communities and businesses achieve their objectives by providing shared transportation solutions.

Details of the startup:

  • Country: Lithuania
  • State: Vilniaus Apskritis
  • City: Vilnius
  • Started in: 2013
  • Founders: Algimantas Krasauskas, Dr. Jurgis Pasukonis, Mantas Vizbaras, Martynas Gudonavicius
  • Number of employees: 51-100
  • Funding: $14,000,000
  • Funding rounds: 4
  • Number of investors: 7 (European Bank for Reconstruction and Development, Octopus Ventures, Sumitomo Corporation, Practica Capital, Octopus Investments)

You can find their website here.

7) tembici.

tembici.

tembici. is a bike-sharing firm based in Brazil.

Details of the startup:

  • Country: Brazil
  • State: Sao Paulo
  • City: Sao Paulo
  • Started in: 2012
  • Founders: Maurício Villar, Tomás Martins
  • Number of employees: 501-1000
  • Funding: $62,000,000
  • Funding rounds: 2
  • Number of investors: 4 (International Finance Corporation, Valor Capital Group, Redpoint eventures, Igah, Ventures.)

You can find their website here.

8) Flash

Flash

Flash is a leading European logistics company at your disposal.

Details of the startup:

  • Country: Luxembourg
  • State: Luxembourg
  • City: Luxembourg
  • Started in: 1981
  • Funding: € 32,000,000
  • Funding rounds: 2
  • Number of investors: 3 (Eurazeo, Siparex Groupe, LBO France)

You can find their website here.

9) LifeMiles

LifeMiles

Avianca and TACA's frequent flyer program, LifeMiles, has been combined and upgraded.

Details of the startup:

  • Country: Colombia
  • State: Distrito Especial
  • City: Bogotá
  • Started in: 2011
  • Number of employees: 101-250
  • Funding: $343,700,000
  • Funding rounds: 1
  • Number of investors: 1 (Advent International)

You can find their website here.

10) Yellow

Yellow

Yellow is an online micromobility platform that allows users to rent bikes and e-scooters.

Details of the startup:

  • Country: Brazil
  • State: Sao Paulo
  • City: Sao Paulo
  • Started in: 2017
  • Founders: Ariel Lambrecht, Eduardo Musa, Renato Freitas
  • Number of employees: 501-1000
  • Funding: $125,300,000
  • Funding rounds: 4
  • Number of investors: 7 (GGV Capital, Monashees, WndrCo, Base10 Partners, Greyhound Capital)

You can find their website here.

11) door2door

door2door

The Next Public Transportation #GovTech #SaaS #AI #Infrastructure

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2012
  • Founders: Maxim Nohroudi, Tom Kirschbaum
  • Number of employees: 51-100
  • Funding: € 31,750,000
  • Funding rounds: 6

You can find their website here.

12) Drivy

Drivy

Drivy is a European car rental marketplace.

Details of the startup:

  • Country: France
  • State: Ile-de-France
  • City: Paris
  • Started in: 2010
  • Founders: Nicolas Mondollot, Paulin Dementhon
  • Number of employees: 101-250
  • Funding: $51,900,000
  • Funding rounds: 5
  • Number of investors: 8 (Index Ventures, Bpifrance, LocalGlobe, Cathay Innovation, Alven)

You can find their website here.

13) Urbvan

Urbvan

Urbvan is a mobile app-based mass transit mobility network that connects inner-city commuters in a smart way.

Details of the startup:

  • Country: Mexico
  • State: Distrito Federal
  • City: Mexico City
  • Started in: 2016
  • Founders: Joao Matos Albino, Renato Picard
  • Number of employees: 11-50
  • Funding: $11,192,728
  • Funding rounds: 5
  • Number of investors: 9 (MassChallenge, Mountain Partners, Dr. Cornelius Boersch, Kaszek, Conny & Co)

You can find their website here.

14) SWAT Mobility

SWAT Mobility

A tech business established in Singapore that specializes in demand-responsive shared transportation, making commuting easier for everyone.

Details of the startup:

  • Country: Singapore
  • State: Central Region
  • City: Singapore
  • Started in: 2015
  • Founders: Arthur Chua, Jarrold Ong, Nicholas Jachowski, Shijing SJ Lin
  • Number of employees: 51-100
  • Funding: $12,263,720
  • Funding rounds: 4
  • Number of investors: 8 (Global Brain Corporation, EDBI, UTEC - The University of Tokyo Edge Capital Partners, iGlobe Partners, SMRT Ventures)

You can find their website here.

15) GoMore

GoMore

Carpooling, peer-to-peer automobile rental, and private car leasing with a lease-and-rent-out model are all available through GoMore.

Details of the startup:

  • Country: Denmark
  • State: Hovedstaden
  • City: Copenhagen
  • Started in: 2011
  • Founders: Matias Dalsgaard, Søren Riis
  • Number of employees: 11-50
  • Funding: $18,203,743
  • Funding rounds: 7
  • Number of investors: 11 (Seed Capital, PreSeed Ventures, Firmafon, Nordic Secondary Fund, Jesper Buch)

You can find their website here.

16) Rapido

Rapido

Rapido is an online bike taxi aggregator and logistics service that enables people to share their bicycles with others.

Details of the startup:

  • Country: India
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2015
  • Founders: Aravind Sanka, Pavan Guntupalli, Rishikesh SR
  • Number of employees: 1001-5000
  • Funding: $121,996,807
  • Funding rounds: 9
  • Number of investors: 32 (Nexus Venture Partners, Shunwei Capital, Kunal Bahl, Smile Group, Skycatcher)

You can find their website here.

17) Oye Rickshaw

Oye Rickshaw

Oye Rickshaw is an electric vehicle energy solutions startup that uses a booking app to link customers with public transportation.

Details of the startup:

  • Country: India
  • State: Haryana
  • City: Gurgaon
  • Started in: 2017
  • Founders: Akash Deep, Mohit Sharma
  • Number of employees: 251-500
  • Funding: $13,275,120
  • Funding rounds: 3
  • Number of investors: 10 (Xiaomi, Alteria Capital, Matrix Partners India, Kunal Bahl, Rohit Bansal)

You can find their website here.

18) Meru Cabs

Meru Cabs

In India, they were the first to offer private radio taxi services.

Details of the startup:

  • Country: India
  • State: Maharashtra
  • City: Mumbai
  • Started in: 2007
  • Founders: Neeraj Gupta
  • Number of employees: 1001-5000
  • Funding: $75,000,000
  • Funding rounds: 3
  • Number of investors: 2 (Brand Capital, True North)

You can find their website here.

19) Didi

Didi

Didi is a mobile platform that provides transportation services via an app.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2012
  • Founders: Bo Zhang, Wei Cheng
  • Number of employees: 5001-10000
  • Funding: $23,246,700,000
  • Funding rounds: 24
  • Number of investors: 43 (SoftBank, Citi, Goldman Sachs, Silver Lake, Tencent)

You can find their website here.

20) ofo

ofo

Ofo is a bike-sharing platform that operates entirely online and through a mobile app.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Haidian
  • Started in: 2014
  • Founders: Wei Dai, Xue Ding, Yang Pinjie, Yu Xin, Zhang Siding, Zhang Yanqi
  • Number of employees: 1001-5000
  • Funding: $2,151,231,992
  • Funding rounds: 9
  • Number of investors: 23 (Alibaba Group, DST Global, Xiaomi, Didi, Ant Group)

You can find their website here.

21) Mafengwo

Mafengwo

Mafengwo is a Chinese social media platform that allows users to share their travel experiences with others.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2010
  • Founders: Gang Chen, Gang Lv
  • Number of employees: 501-1000
  • Funding: $503,000,000
  • Funding rounds: 5
  • Number of investors: 12 (Tencent, General Atlantic, Temasek Holdings, Qiming Venture Partners, Coatue)

You can find their website here.

22) ETCP

ETCP

ETCP is a company that specializes in intelligent parking solutions.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2012
  • Founders: Long Tan
  • Number of employees: 51-100
  • Funding: $280,399,574
  • Funding rounds: 3
  • Number of investors: 5 (Matrix Partners China, Bitauto Holdings, Source Code Capital, Wanda E-Commerce, SIG China (SIG Asia Investments))

You can find their website here.

23) T3 Mobile Travel Services

T3 Mobile Travel Services

T3 Mobile Travel Services provides renewable energy-powered car-sharing services.

Details of the startup:

  • Country: China
  • State: Jiangsu
  • City: Nanjing
  • Started in: 2019
  • Number of employees: 251-500
  • Funding: CN¥9,760,000,000
  • Funding rounds: 1
  • Number of investors: 6 (Tencent, Alibaba Group, FAW Group, Changan Automobile, Dongfeng Motor Group)

You can find their website here.

24) YinLong Group

YinLong Group

Lithium batteries, materials, power supplies, and electric vehicles for public transportation are all manufactured and supplied by the YinLong Group.

Details of the startup:

  • Country: China
  • State: Guangdong
  • City: Zhuhai
  • Started in: 2008
  • Founders: Yincang Wei
  • Number of employees: 1-10
  • Funding: $432,000,000
  • Funding rounds: 1
  • Number of investors: 2 (JD.com, WANDA Group)

You can find their website here.

25) The Boring Company

The Boring Company

The Boring Company's goal is to build tunnels quickly so that a subterranean transportation network can be built.

Details of the startup:

  • Country: United States
  • State: California
  • City: Los Angeles
  • Started in: 2016
  • Founders: Elon Musk
  • Number of employees: 51-100
  • Funding: $233,000,000
  • Funding rounds: 2
  • Number of investors: 5 (Craft Ventures, 8VC, DFJ Growth, Vy Capital, Gigafund)

You can find their website here.

26) GlobalTranz

GlobalTranz

GlobalTranz is a logistics management company that focuses on carrier, supply chain, and warehouse operations.

Details of the startup:

  • Country: United States
  • State: Arizona
  • City: Scottsdale
  • Started in: 2003
  • Founders: Andrew Leto
  • Number of employees: 501-1000
  • Funding: $53,000,000
  • Funding rounds: 4
  • Number of investors: 4 (Susquehanna Growth Equity, Canada Pension Plan Investment Board, Providence Equity Partners, Volition Capital)

You can find their website here.

27) Local Motors

Local Motors

Local Motors is an American automaker that designs and manufactures safe and accessible mobility solutions for small towns.

Details of the startup:

  • Country: United States
  • State: Arizona
  • City: Chandler
  • Started in: 2007
  • Founders: Damien Declercq, John B. Rogers, Mark Smith
  • Number of employees: 251-500
  • Funding: $15,250,000
  • Funding rounds: 5
  • Number of investors: 5 (Airbus Ventures, Scout Ventures, VTF Capital, Mirai Creation Fund, Bre Pettis)

You can find their website here.

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