Riders Share operates an online peer-to-peer marketplace that lets people rent motorcycles from other owners, using machine learning to screen and vet riders. The platform provides insurance for owners, roadside assistance, and claims to offer lower prices and a larger vehicle selection than traditional rental shops by avoiding brick-and-mortar costs. Launched in 2018 by Guillermo Cornejo, the company has served over 10,000 unique customers and listed over 10,000 motorcycles on its platform. Riders Share emphasizes risk management through ML-driven underwriting to mitigate accident frequency and severity. The company plans to use new capital to accelerate product development and to scale customer service and marketing. Headquarters and major activity are referenced in Austin, Texas in the company announcement.

Total raised

$2M

Funding rounds

1

Latest round

Series A

Latest activity

Jul 2020