LetzRyd operates a technology-enabled, asset-backed platform supplying vehicles and drivers to ride-hailing companies while creating leasing pathways and partnerships that enable driver ownership. Operational since March 2024, the company says it has increased driver earnings by 20–22% in its first year and reduced driver attrition below industry benchmarks. It currently operates in three cities with a fleet of over 1,000 vehicles and has reported double-digit month-on-month growth. LetzRyd plans to use new capital to expand into additional urban markets, grow its vehicle base, enter new mobility segments, scale its operating platform, and enhance technology-led fleet and driver lifecycle management. The company is also prioritizing systems to improve vehicle utilization and service efficiency and expanding driver-focused initiatives to support financial stability and ownership opportunities.

Total raised

$4M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2026