SmartRyde, a global airport transfer marketplace, raises approximately $ 1.6 million in Series A funding round. Accelerating global expansion and product development

TOKYO – (COMMERCIAL THREAD) – SmartRyde, Inc. (Headquarters: Tokyo Representative Director: Sota Kimura) is pleased to announce that it has raised approximately $ 1.6 million in a round of series funding A. The investment is led by Angel Bridge and included SG Incubate, Yamaguchi Capital, SMBC Venture Capital, Hiroshima Venture Capital, Iyogin Capital, Inventum Ventures, individual investor and serial entrepreneur Shouji Kodama, Nobuaki Takahashi (NOB LLC) and Optima Ventures.

Background

We are creating a market to connect local transport operators and online travel agencies (OTAs) with the mission of “contribute to the sustainable development of local communities through transport. In August 2021, we collaborated with over 650 transport operators and over 25 OTAs, including major global players such as Booking.com, Expedia, Trip.com, Traveloka, and Despegar.

SmartRyde has already established partnerships with many customers, including OTAs, travel agencies and major mobility companies.

We will continue to promote collaboration with OTAs around the world as a unique travel experience solution.

Latest trends for international travel

Since March 2020, due to the travel of the Coronavirus (COVID-19) restrictions, we have experienced a significant drop in the number of reservations.

However, since December 2020, the number of bookings, especially from tourists from the United States, is increasing rapidly. This is a direct result of the strengthening of cooperation between Mexico and the Dominican Republic in the Latin America and Caribbean region, which had recovered from the demand for international travel ahead of the rest of the world.

Purpose of fundraising

Since launching our airport transfer market, we have worked hard to develop and strengthen ties with local transport operators and OTAs.

With this funding, we will strengthen the system’s integration with OTAs on the demand side, create a reservation management system for transport operators on the supply side and foster digital transformation. We will contribute to both business and operational efficiency, and aim to become an irreplaceable presence for local transport operators.

About SmartRyde

We are a marketplace that provides airport transfer services to over 700 airports around the world. We provide reasonable, safe and reliable airport transfer services at every airport.

website : https://smart-ryde.com/

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