Rapido
Founded Year
2015Stage
Series E | AliveTotal Raised
$428.77MValuation
$0000Last Raised
$120M | 3 mos agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+49 points in the past 30 days
About Rapido
Rapido provides bike taxi services focusing on intra-city travel. The company offers booking for affordable and insured bike rides, aiming to provide convenience and last-mile connectivity to its customers. Rapido also engages in business-to-business (B2B) delivery solutions and partnerships with drivers, expanding its service offerings beyond individual commuting. It was founded in 2015 and is based in Madhapur, India.
Loading...
Loading...
Research containing Rapido
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Rapido in 2 CB Insights research briefs, most recently on Oct 3, 2024.
Oct 3, 2024 report
State of Venture Q3’24 Report
Expert Collections containing Rapido
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Rapido is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,249 items
Smart Cities
2,135 items
Mobility-as-a-Service
615 items
Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.
Latest Rapido News
Oct 23, 2024
The partnership aims to add over 1,000 electric vehicles to the country's public transport system by December this year, starting with the southern cities. Wednesday October 23, 2024 , 2 min Read Bike, auto, and cab aggregator platform Rapidohas partnered with IndoFast Energy to roll out 10,000 Piaggio's swappable e-autos—E-city Max—across the country in the next 24 months. IndoFast Energy is a 50-50 joint venture of IndianOil and SUN Mobility. The partnership between Rapido and InfoFast aims to add over 1,000 electric vehicles (EVs) to the country's public transport system by December this year, starting with the southern cities, including Hyderabad and Bengaluru. Rapido and IndoFast Energy launched a pilot in Bengaluru, Hyderabad, and Delhi in 2023 to integrate IndoFast's swappable battery technology into Rapido's platform, improving EV accessibility and efficiency. Following the pilot's success, over 100 battery swap stations have been set up in Hyderabad and Bengaluru, helping auto captains reduce downtime, according to a statement. Rapido now plans to use swappable electric autos for about 20% of its daily rides. "This partnership with IndoFast Energy allows us to significantly enhance our EV offerings on the platform, aligning with our commitment to sustainability," said Pavan Guntupalli, Co-founder of Rapido. "By introducing swappable electric autos operated by our Captains, we're not only reducing the carbon footprint but also empowering our drivers with sustainable earning opportunities, setting a new benchmark for the ride-hailing industry,” he added. Also Read
Rapido Frequently Asked Questions (FAQ)
When was Rapido founded?
Rapido was founded in 2015.
Where is Rapido's headquarters?
Rapido's headquarters is located at Sai Prithvi Arcade, Madhapur.
What is Rapido's latest funding round?
Rapido's latest funding round is Series E.
How much did Rapido raise?
Rapido raised a total of $428.77M.
Who are the investors of Rapido?
Investors of Rapido include Nexus Venture Partners, WestBridge Capital, Invus Group, Think Investments, Shell Ventures and 30 more.
Who are Rapido's competitors?
Competitors of Rapido include Tembici, Bounce Infinity, MYBYK, Tilt, Baxi Fresh and 7 more.
Loading...
Compare Rapido to Competitors
ONN Bikes is a tech-driven mobility platform focused on providing affordable and sustainable bike rental services. The company offers a variety of two-wheelers for rent, including electric bikes and motorbikes, with flexible plans ranging from hourly to monthly subscriptions. ONN Bikes primarily serves individuals and businesses looking for short-term mobility solutions and last-mile delivery services. It was founded in 2015 and is based in Mumbai, India.
Bikxie offers last-mile connectivity to commuters. The company aims to ease the daily commute of college students and office goers by operating bike taxis.
Bird specializes in micro-electric mobility solutions within the transportation sector, offering eco-friendly transportation options. The company provides electric bikes and scooters designed for use in urban environments, facilitating short-distance travel. Bird primarily serves the urban transportation industry, offering its services to individuals and partners in hundreds of cities worldwide. It was founded in 2017 and is based in West Hollywood, California.
Bounce Infinity is a provider of smart mobility solutions in the transportation sector. The company offers a keyless bike rental service that operates through an app, allowing users to access bikes using a one-time password (OTP) for a hassle-free commuting experience. Bounce Infinity primarily serves individuals looking for convenient and reliable transportation options for their daily commute. Bounce Infinity was formerly known as Metro Bikes. It was founded in 2014 and is based in Gurgaon, India.
RentOnGo is an online marketplace for renting bikes, electronics and appliances. The company lists products provided on rent by vendors across categories such as furniture, appliances, adventure gear, fancy dress, wedding chairs and medical supplies.
Velocomotion is a digital platform for bicycle rental and related services. The company offers online bike rentals from a network of professional providers and a suite of associated services through a mobile application, including cycling routes, connected locks, repair services, parking, and community services. It was founded in 2016 and is based in Champs-sur-Marne, France.
Loading...