Bestmile raises $11M in Series A funding

Bestmile, a mobility platform that enables service providers to manage, operate, and optimize autonomous vehicle fleets, announced it raised $11 million in a Series A funding round led by Road Ventures SA with participation from Partech Ventures, Groupe ADP, Airbus Ventures, Serena Capital, and MobilityFund. The investment will power the company’s global expansion; strengthen its mobility cloud platform technology; and extend its customer relationships with service providers, strategic OEMs, and technology partners.

“We are bullish in the mobility services market and see Bestmile as a disruptive force to not only transform the current human-driven environment, but also autonomous vehicle fleets,” said Patrice Crisinel, managing director of Road Ventures SA.

Bestmile’s Mobility Services Platform enables the intelligent operation and optimization of autonomous vehicle fleets, regardless of their brand or type, for both fixed-route and on-demand service types. The platform offers features such as fleet and resource management, mobility service operations and optimization, business back office support, and data intelligence. The company’s platform also provides front-end and back-end interfaces for operators and travelers, including control center dashboards, mobile and web applications, and APIs. The company’s expansion to ride-hailing will offer flexibility to customers with the operation of hybrid fleets comprised of human-driven and autonomous vehicles to support mobility providers’ transition to autonomous mobility.

“Over the next several years, mobility services will experience a transitional phase where autonomous and human-driven vehicles will coexist within the same fleets,” said Raphael Gindrat, CEO of Bestmile. “New micro-transit services will develop into the transportation ecosystem as well. This large opportunity in a booming market, coupled with our innovative technology, are major reasons why so many prestigious investors are backing Bestmile.”

Bestmile works with mobility service providers, including Transportation Network Companies (TNCs), public transit agencies, transportation operators, and private communities and campuses. The company will expand its micro-transit on-demand services, as well as its multi-modal services with existing transportation systems, operators, and cities. Bestmile is also continuing to build strong partnerships with vehicle manufacturers and automotive OEMs. The company has notably worked with Navya, EasyMile, Local Motors, and partnered with Paravan, Next Future Transportation, Hi-tech Robotic Systemz among others.