Total raised
$736K
Last: Seed 2019-01
Stage
Seed
Founded
2016
Headcount
1
HQ
Jerusalem
Sector
Automotive & Mobility Technologies
About
RouteValet is a route planner designed to get users to their destinations by combining all available transportation options. The companys goal is to license its technology to transportation companies and create a mobility marketplace. RouteValet has won the MassChallenge, as well as international competitions sponsored by Ford and GE. Its multimodal algorithms have been reviewed and twice funded by the Israel Innovation Authority. As of January 2019, RouteValet completed a paid POC in Japan, where it saved commuters one hour per day on average. It also increased users satisfaction with their modes of transit by an average of 26%.
Funding history · 1 round · $736K total
2019-01
Seed
$650K
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What is the operational status of RouteValet as of May 2020?
- RouteValet ceased to operate in May 2020 and is currently inactive.
- When was RouteValet founded?
- RouteValet was founded in November 2016.
- What was RouteValet's total funding raised in USD?
- RouteValet raised a total of $736,000 USD.
- When did RouteValet complete its last funding round and what type was it?
- RouteValet completed a Seed funding round in January 2019.
- Which organizations provided grants to RouteValet?
- RouteValet received grants from the Israel Innovation Authority (IIA) in June 2017, October 2017, and December 2017.
- What was a key achievement for RouteValet in Japan in January 2019?
- In January 2019, RouteValet completed a paid Proof of Concept (POC) in Japan, which resulted in commuters saving an average of one hour per day and increasing user satisfaction with transit modes by 26%.
- What competitions has RouteValet won?
- RouteValet has won the MassChallenge and international competitions sponsored by Ford and GE.
- How many employees did RouteValet have?
- RouteValet had 1-10 employees.
- What is the primary sector of RouteValet?
- RouteValet's primary sector is Automotive & Mobility Technologies.
Sectors & technology
Primary sector
Automotive & Mobility Technologies
Sub-sectors
Automotive & Mobility TechnologiesUrban Mobility
Technologies
Platforms & InterfacesSoftwareSensingGeolocation
Target customers
Transportation & Logistics
Business model
B2CB2BB2GB2B2C
Highlights
1 PatentsVerified
Tags
smart-citymobile-applicationscross-platformsmart-mobilitynavigationlocation-basedmobile-devicesproductivityartificial-intelligencepublic-transportationbig-datatransportation