Spare, a multimodal transport management platform, raised USD 10 million in growth capital led by CIBC Innovation Banking.
The company plans to use the funds to accelerate the development of its human-centric AI, aimed at enhancing platform interactions for both staff and riders.
Spare offers a transit solution that uses AI to manage public transit services. The company’s platform is used by transit agencies globally, including Dallas Area Rapid Transit, Winnipeg Transit, and AC Transit, allowing them to offer real-time, responsive, and adaptive transportation solutions that meet individual riders' needs.
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.