INSUBCONTINENT EXCLUSIVE:
investors believe demand for cloud-based mobility platforms will grow as more companies try to scale up car-sharing, ride-hailing and even
robotaxi businesses.The company, which has developed a platform designed to help car-sharing, ride-sharing and autonomous technology
companies manage their vehicles, announced it raised $28 million in May.Activate Capital led this round; its co-founder and managing
joined this extended round
Denso also upped its investment in the Series B round.Nearly half a dozen other companies had already invested in the Series B round,
Trivedi said in a statement.The company recently received a permit from the California Department of Motor Vehicles to test its Auro
autonomous vehicles on public roads
RideCell acquired self-driving car company Auro in October 2017
Auro initially developed and operated driverless shuttles for private geo-fenced locations such as corporate and university campuses
