RideTandem operates a mobility-as-a-service platform focused on transport outside cities and towns, connecting people in transport poverty with employment opportunities. The company offers two mobile apps—one for passengers and one for drivers—and a proprietary dispatch system with driver and fleet management features. It works flexibly with local transport partners to integrate with existing systems while providing fully managed customer service, 24/7 support, and digital ticketing. Employers receive a dashboard with operational data such as attendance to help adjust shifts; customers include DPD, Lidl, Next, Royal Mail, Direct Table Foods and staffing agencies Reed, First Call Contract Services, and Everest People Solutions. RideTandem plans to use the new funding to expand operations and broaden its business reach. The team was founded by Alex Shapland-Howes, Tatseng Chiam, and Huw McLeod and is based in London, UK. The raise increased the company’s total funding to £5M. RideTandem operates outside cities and large towns to close the transport gap by working with taxi, minicab and coach companies to deliver block-bookable commuter services subsidised by employers. The company has a proprietary dispatch system with driver and fleet management features and an app for drivers, and a passenger app designed for block-booking, flexible payments and live vehicle tracking. Employers underwrite route risk and can subsidise or fully cover fares as a talent and retention investment, while independent local transport providers gain a reliable revenue stream and digital ticketing support. RideTandem reports revenue growth of tenfold for two consecutive years and trips on its services currently create an annualised CO2 offset of about 1,000 metric tons versus equivalent car journeys; the average RideTandem vehicle carries more than 20 passengers. The business model is positioned as both impact-driven and commercially sustainable, and the team plans to expand the service to a wider range of workers and geographies while emphasising environmental benefits.

Total raised

$5M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2023