RouteValet
Route Planning for Multiple Modes of Transit
Company Overview
Snapshot
Founded in November 2016 by Motti Sigel and Ilan Friedson, RouteValet operated with 1–10 employees. The company raised $736K across four funding rounds. In January 2019, RouteValet completed a paid Proof of Concept (POC) in Japan, demonstrating significant commuter time savings and increased user satisfaction.
Business overview
RouteValet developed a route planner that integrates various transportation options to guide users to their destinations. The company aimed to license its multimodal algorithm technology to transportation companies, thereby creating a mobility marketplace. Its core product, RouteValet, served the Automotive & Mobility Technologies sector, specifically focusing on urban mobility, and utilized platforms, interfaces, software, sensing, and geolocation technologies.
Strategic signal
RouteValet's successful paid Proof of Concept in Japan in January 2019, where it saved commuters an average of one hour per day and increased user satisfaction by 26%, validated the practical efficacy and market potential of its multimodal algorithms. This demonstrated the company's ability to deliver tangible benefits in real-world urban mobility scenarios, signaling strong potential for its technology licensing model within the transportation industry.
Log in to access full profile ›Company Intelligence Q&A
- What is RouteValet's primary offering?
- RouteValet provides a route planner designed to combine all available transportation options to help users reach their destinations efficiently.
- When was RouteValet founded and by whom?
- RouteValet was founded in November 2016 by Motti Sigel and Ilan Friedson.
- What was a significant achievement for RouteValet in Japan?
- In January 2019, RouteValet completed a paid Proof of Concept in Japan, which resulted in commuters saving an average of one hour per day and an average increase of 26% in user satisfaction with their modes of transit.
- Which organizations have recognized RouteValet's technology?
- RouteValet has won the MassChallenge and international competitions sponsored by Ford and GE. Its multimodal algorithms have also been reviewed and funded twice by the Israel Innovation Authority.
- What was RouteValet's operational status as of May 2020?
- As of May 2020, RouteValet ceased to operate and is listed as Non-Active.