Self-drive Car Rental Startup JustRide Raises $3M in Funding

justride

Mumbai-based self-drive car rental provider, JustRide has raised fresh capital of $3 million from global investors such as San Francisco-based Susa Ventures, Kima Ventures, Axan Ventures, London-based SCM Holdings and ITFarm from Japan along with Y Combinator partners Justin Kan (cofounderof Jutin.tv & Twitch.tv), Qasar Younis (COO of Y Combinator) and Paul Buchheit (creator of Gmail).

The fresh funds will be used to bolster JustRide’s car sharing platform JustConnect and Yabber, an IoT device for cars which is based on its Smart Vehicle Technology, the company said in a statement.

Founded in April 2015 by Ashwarya Pratap Singh, Hemant Sah, Vasant Verma and Amit Sahu, all alumni of Motilal Nehru National Institute of Technology Allahabad and Abhishek Mahajan of IIT Bombay, JustRide is a car sharing platform that helps to monetize the cars of the individuals, when not in use.