The transportation industry includes a wide range of companies, from self-driving cars to on-demand delivery services.
Autonomous vehicle company Waymo leads the group with a $45 billion valuation. Its competitor Cruise has raised over $16 billion in funding.
Below is the full list of 65 Transportation unicorn startups at this time.
Top 10 Most Valuable Transportation Unicorns
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Get the Sheet for $50Waymo develops autonomous driving technology to move people and things safely. Their fully autonomous ride-hailing service, Waymo One, is active in several major US cities.
| Valuation | $45B |
| Headquarters | Mountain View, California, United States |
| Year Founded | 2009 |
| Founders | Anthony Levandowski, Sebastian Thrun |
| Funding Amount | $11.1B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series C |
| Top Investors | Fidelity, Tiger Global Management, Temasek Holdings, Silver Lake, Andreessen Horowitz |
Cruise develops all-electric, self-driving vehicles designed to navigate complex urban environments. Their autonomous ride-hail service provides passengers with driverless transportation in major cities.
| Valuation | $30B |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2013 |
| Founders | Daniel Kan, Kyle Vogt |
| Funding Amount | $16B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Corporate Round |
| Top Investors | General Motors, Y Combinator, SV Angel, Spark Capital, Founder Collective |
Bolt built a mobility super app that offers ride-hailing, food delivery, and shared vehicle services. The all-in-one platform provides millions of users with convenient options for urban travel and on-demand delivery.
| Valuation | $11B (Joined October 2021) |
| Headquarters | Tallinn, Harjumaa, Estonia |
| Year Founded | 2013 |
| Founders | Markus Villig, Martin Villig, Oliver Leisalu |
| Funding Amount | $2.3B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | European Investment Bank, International Finance Corporation, Sequoia Capital, Citi, Deutsche Bank |
Lalamove operates an on-demand delivery platform that connects users with local drivers for same-day service. Their app allows both individuals and businesses to book and track the transportation of goods, from small documents to bulky items.
| Valuation | $10B |
| Headquarters | Hong Kong, Hong Kong Island, Hong Kong |
| Year Founded | 2013 |
| Founders | Chow Shing Yuk, Gary Hui, Santit Jirawongkraisorn |
| Funding Amount | $2.5B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | HSG, Vitruvian Partners, Shunwei Capital, Eastern Bell Capital, Hillhouse Investment |
Mahindra Electric Automobile Limited builds a new generation of electric passenger vehicles based on its 'Born Electric' vision. The company's upcoming portfolio of SUVs, featuring the XUV and BE brands, will run on the advanced INGLO platform.
| Valuation | $9B |
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2022 |
| Founders | — |
| Funding Amount | ₹38.5B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Undisclosed |
| Top Investors | British International Investment, Mahindra & Mahindra |
The Boring Company constructs underground transportation networks to solve urban traffic congestion. Their Loop systems transport passengers in all-electric vehicles through dedicated tunnels, with their most notable project operating in Las Vegas.
| Valuation | $7B (Joined April 2022) |
| Headquarters | Pflugerville, Texas, United States |
| Year Founded | 2016 |
| Founders | Elon Musk |
| Funding Amount | $908M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Craft Ventures, K5 Global, Founders Fund, Sequoia Capital, Valor Equity Partners |
Ola operates one of the world's largest ride-hailing platforms, connecting customers with a wide range of transportation options from cars to auto-rickshaws. They have since expanded beyond transportation, launching ventures in electric vehicles, food delivery, and financial services.
| Valuation | $7B |
| Headquarters | Kormangala, Karnataka, India |
| Year Founded | 2010 |
| Founders | Ankit Bhati, Bhavish Aggarwal, Pranay Jivrajka |
| Funding Amount | $5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series J |
| Top Investors | Peak XV Partners, Titan Capital, Z47, Accel, Temasek Holdings |
Nuro develops autonomous, electric vehicles designed specifically for local goods delivery. Their fleet of self-driving pods partners with retailers and restaurants to transport everything from groceries to pizza directly to a customer's home.
| Valuation | $6B (Joined February 2019) |
| Headquarters | Mountain View, California, United States |
| Year Founded | 2016 |
| Founders | Dave Ferguson, Jiajun Zhu |
| Funding Amount | $2.3B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Icehouse Ventures, NVIDIA, Google, Gaorong Capital, Tiger Global Management |
Hello TransTech operates one of China's leading bike-sharing platforms for short-distance travel. Formerly known as HelloBike, they provide an app-based service giving users on-demand access to a fleet of smart bicycles.
| Valuation | $6B |
| Headquarters | Shanghai, Shanghai, China |
| Year Founded | 2016 |
| Founders | Han Mei, Jiang Wei, Li Kaizhu, Yang Lei |
| Funding Amount | $2B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Corporate Round |
| Top Investors | Fosun International, WM Motor, Alibaba Group, Ant Group, Primavera Capital Group |
Sierra Space builds the commercial platform for the future of low-Earth orbit, including space transportation systems and in-space destinations. They are developing the Dream Chaser, a reusable spaceplane, and large inflatable LIFE habitats to enable a new space economy.
| Valuation | $5B |
| Headquarters | Louisville, Colorado, United States |
| Year Founded | 2021 |
| Founders | Eren Ozmen, Fatih Ozmen |
| Funding Amount | $1.7B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series B |
| Top Investors | Coatue, General Atlantic, MUFG Bank, BlackRock Private Equity Partners, AE Industrial Partners |
The Remaining 55 Transportation Unicorns
But the top 10 are just a fraction of the companies reshaping how people and products move around the globe. These startups are spread far and wide, though most are concentrated in the United States and China.
They are tackling everything from daily commutes to global shipping, each with a unique approach. Here’s a look at the other transportation startups that have reached the billion dollar mark.