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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 Venture round Total: $40.15M AI, Mobile +1

General Information

Company Name Spare
Founded Year 2015
Location Canada Canada
Founders / Decision Makers
Team member
Employees 167
Industries AI, Mobile, Transportation
Funding Stage Venture round
Business Model B2B, SaaS, Platform
Revenue Model Subscription, Usage Based, Service Fee
Social

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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.

Business keywords: 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 $10.00M 1
CIBC Innovation Banking
CIBC Innovation Banking
04 Jun 2024
Grant $3.00M 1
Pacific Economic Development Canada
16 Nov 2023
Grant $3.00M 1
National Research Council of Canada Industrial Research Assistance Program
National Research Council of Canada Industrial Research Assistance Program
09 Aug 2023
Series A $18.00M 8
Ridge Ventures iNovia Capital TransLink Capital
Ridge Ventures, iNovia Capital +6
30 Nov 2021
Seed Round $6.00M 1
Mitsubishi Corporation
30 Apr 2019
Pre Seed Round $150.00K -
05 Apr 2016

Spare Alternatives & Competitors

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Spare vs
Padam Mobility
Padam Mobility France

Demand-Responsive Transport & Paratransit solutions to transform territories and bring communities c...

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Spare vs
YEGO
YEGO Spain

We offer ecological and shared mobility for greener cities 💚

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137 employees
Mobile, Transportation
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Spare vs
NoTraffic
NoTraffic United States

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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 AI, Mobile and Transportation. Its work centres on AI-powered mobility, On-demand transportation, Microtransit services and Paratransit services. Its customers include Transit Agencies, Riders and Drivers.
Spare has a B2B, SaaS and Platform business model. Its revenue comes from Subscription, Usage Based and Service Fee.
Spare has approximately 167 employees.
Spare has completed 6 funding rounds, raising a total of $40.15M. The latest funding stage is Venture round.
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 Padam Mobility, YEGO, NoTraffic, Beast, BluSmart. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Spare and Padam Mobility 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.

Source: BounceWatch company record for Spare, https://bouncewatch.com/company/spare, updated 16 March 2026. When citing, please name BounceWatch and link this page.

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