RideScout


Website: ridescoutapp.com
Twitter: @RideScout
Facebook: RideScout
Founder: Joseph Kopser and Craig Cummings

History

RideScout is a mobile app that helps users get from point A to point B quickly and cost-effectively. Available for iOS and Android, the app shows real-time information about transportation options that are available in the moment. RideScout displays all transit, bus, bike, taxi, car share, rideshare, parking and walking directions in one view, and sorts the options by the amount of travel time or cost.  The app will even tell users how many bikes are available at to ride at the nearest Capital Bikeshare. [7] Its D.C. transportation partners include car2go, Sidecar, Capital Bikeshare, WMATA, Alexandria Yellow Cab, DC Circulator, and Hailo. 

History

Headquartered in Austin, Texas with offices in 1776 in Washington, D.C., RideScout was founded on November 22, 2011 by two Army veterans and West Point graduates, Joseph Kopser and Craig Cummings. The inspiration behind the app was to reduce traffic in cities, specifically cars with no passengers. [9] During the summer of 2013, RideScount beta tested its product in Austin, Texas and received heavy usage during SXSW. After refining their iPhone and Android apps, they expanded into DC and San Francisco. [8] RideScout's Board of Advisors includes Aneesh Chopra, the former CTO of the United States, and DC Mayor Vincent Gray. In October of 2013, RideScout won the "Smart Cities" category in 1776's Challenge Cup, a global startup competition that included pitch competitions in 16 cities around the world and ended in a week-long festival in Washington, DC. [11] Ridescout expanded from 4 cities to 69 cities within just a few months in the summer of 2014, and that fall the company was acquired by Moovel, the company that runs the car-sharing service car2go. As a subsidiary of car2go, RideScout will continue to operate out of Austin under the same management team. [2]

The Summer of 69

Ridescout had always planned to expand beyond Austin, SF, and D.C. In May of 2014, the company launched its app in Chicago, using the same model as the D.C. app by partnering with local transportation services. In June of 2014, they launched their app in 64 more cities. [5] [6] RideScout called the 6/9 launch its "Summer of 69." The highly scalable platform lent itself easily to hyperlocality, and partnerships with 300+ local and national transportation services ensued. [5]

Funding rounds

Funding RoundDatePaper AmountInvestors
Convertible NoteMarch 18, 2014$2.6 MillionHuron River Ventures
Non Equity AssistanceAugust 18, 2012Undisclosed AmountTexas Venture Labs

References

  1. Ronald Barba "UK Prime Minister David Cameron Visits DC Startup Incubator 1776" Tech Cocktail January 16, 2015

  2. Bill Flook "RideScout, with roots in D.C.'s 1776, acquired by Daimler unit" Washington Business Journal September 23, 2014

  3. Eric Hal Schwartz "RideScout, mytaxi Acquired by moovel [Updated]" DCInno September 3, 2014

  4. Allyson Jacob "Transpo aggregator RideScout acquired by moovel, parent company of car2go" Elevation DC September 3, 2014

  5. Eric Hal Schwartz "RideScout Adds Dozens of New Cities to its Transit App for a Summer of Transportation Disruption" DCInno June 9, 2014

  6. Eric Hal Schwartz "RideScout Launches Transit App in Chicago" DCInno May 20, 2014

  7. Hayley Tsukayama "RideScout, a transportation app, makes trip planning in D.C. a breeze" Washington Post February 14, 2014

  8. Ronald Barba "RideScout Launches in DC to Revolutionize Transportation" November 23, 2013

  9. Perry Stein "RideScout Transportation Aggregating App Launches in D.C." Washington City Paper November 21, 2013

  10. Sarah Anne Hughes "Transportation App RideScout Launches In D.C." DCist November 21, 2013

  11. Kira M Newman "http://tech.co/challenge-cup-global-startup-competition-2013-07" Tech Cocktail July 2, 2013