Last updated 2026-06-18
- Raised $650k funding round, Jan 2019
- Raised $18k grant, Dec 2017
- Raised $12k grant, Oct 2017
Total raised
$736K
Last: 2019-01
Stage
Seed
Founded
2016
Headcount
1
HQ
Jerusalem, Israel
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 · 4 rounds · $736K total
2019-01
$650K
2017-12
Grant
$18K
2017-10
Grant
$12K
2017-06
Grant
$56K
Q&A
- What is RouteValet's primary business?
- RouteValet is a route planner designed to get users to their destinations by combining all available transportation options. The company's goal is to license its technology to transportation companies and create a mobility marketplace.
- When was RouteValet founded?
- RouteValet was founded in November 2016.
- What is the current status of RouteValet?
- RouteValet is currently inactive and ceased to operate in May 2020.
- How many employees did RouteValet have?
- RouteValet had 1-10 employees.
- What was RouteValet's total funding raised?
- RouteValet raised a total of $736,000 USD.
- Which organizations provided grants to RouteValet?
- RouteValet received grants from the Israel Innovation Authority, Ford Motor Company, and General Electric in 2017.
- What was RouteValet's last known funding round?
- RouteValet's last known funding round was in January 2019, raising $650,000 USD.
- Who are the co-founders of RouteValet?
- The co-founders of RouteValet are Motti Sigel (Co-founder & CEO) and Ilan Friedson (Co-founder & CTO).
Team · 2
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
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| linkedin.com/company/11133584 | |
| facebook.com/RouteValet |
Identifiers & details
| Founded | 2016-11 |
|---|---|
| Employees (exact) | 1 |
| Status reason | Non Active, May 2020 ceased to operate |