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Spare logo — Automated on-demand transportation technology that transform...

Spare

Automated on-demand transportation technology that transforms lives and communities.

Founded 2015 Canada Canada 167 employees Series Unknown Total: $40.15M AI, Mobile +1

General Information

Company Name Spare
Founded Year 2015
Location Canada Canada +4
Founders / Decision Makers
Team member
Employees 167
Industries AI, Mobile, Transportation
Funding Stage Series Unknown
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About Spare

Spare, founded in 2015 and headquartered in Canada, is revolutionizing the transportation sector with its AI-powered mobility operations platform. The company's mission is clear: to make every ride accessible by leveraging innovative demand response transit technologies. Spare aims to connect people with opportunities, communities, and essential services through modern microtransit and paratransit solutions.

The company’s impact is substantial, with over 100 transit agencies and mobility providers like DART, PSTA, and CapMetro using its platform to manage operations efficiently, cut costs, and enhance rider experiences. This underscores Spare's role in reshaping the transportation landscape.

In its most recent funding event, CIBC Innovation Banking invested $10.00M in a Venture Round on 04 June 2024. Investors should view Spare as a pivotal player in the Transportation, Mobile, and AI industries, committed to redefining transit solutions globally.

Taxonomy: AI-powered mobility, On-demand transportation, Microtransit services, Paratransit services, Mobility operations platform, Cloud-based software, Transit agencies, Transportation optimization, Autonomous vehicles, Route optimization, Sustainable urban mobility, Traffic congestion reduction, Shared rides, Smart transportation networks

Services & Products

Paratransit and Microtransit Software
Enterprise Asset Management
AI-powered Reservation System
Call Center Augmentation
Data-driven Transit Operations

Target Customers

Transit Agencies Riders Drivers Dispatchers Transit Service Planners

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round •••••• 1
Investor
04 Jun 2024
Grant •••••• 1 •••• •••• 16 Nov 2023
Grant •••••• 1
Investor
09 Aug 2023
Series A •••••• 8
Investor Investor Investor Investor Investor
•••• •••• 		30 Nov 2021
Seed Round •••••• 1 •••• •••• 30 Apr 2019

View All 6 Funding Rounds

Spare Alternatives & Competitors

View All Alternatives
Spare vs
Token Transit
Token Transit United States

A Complete Fare Payment Platform.

Seed
11 employees
Payments, Transportation
Compare Spare vs Token Transit
Spare vs
Transit Team, Inc.
Transit Team, Inc. United States

Driving toward excellence...

111 employees
Privacy and Security, Transportation
Spare vs
Clever Devices
Clever Devices United States

Leading provider of ITS technology for all modes of public transport including fixed-route, rail, BR...

Acquired
596 employees
Compare Spare vs Clever Devices
Also compare with: Spare vs SHARE Mobility SHARE Mobility View all alternatives

FAQ About Spare

Automated on-demand transportation technology that transforms lives and communities.
Spare was founded in 2015.
Spare is headquartered in Canada.
Spare operates in the following industries: AI, Mobile, Transportation.
Spare has approximately 167 employees.
Spare has completed 6 funding rounds, raising a total of $40.15M. The latest funding stage is Series Unknown.
Spare offers: Paratransit and Microtransit Software, Enterprise Asset Management, AI-powered Reservation System, Call Center Augmentation, Data-driven Transit Operations.
Top alternatives and competitors to Spare include Token Transit, Transit Team, Inc., Clever Devices, SHARE Mobility, TARTA. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Spare and Token Transit are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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