M&A Deal Summary

Ridecell Acquires Auro Robotics

On October 9, 2017, Ridecell acquired information technology company Auro Robotics

Acquisition Highlights
  • This is Ridecell’s 1st transaction in the Information Technology sector.
  • This is Ridecell’s 1st transaction in the United States.
  • This is Ridecell’s 1st transaction in California.

M&A Deal Summary

Date 2017-10-09
Target Auro Robotics
Sector Information Technology
Buyer(s) Ridecell
Deal Type Add-on Acquisition

Target

Auro Robotics

Sunnyvale, California, United States
Auro Robotics is a developer of autonomous vehicle technology. Auro Robotics was established in 2013 and is based in Sunnyvale, California.

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Buyer(S) 1

Buyer

Ridecell

San Francisco, California, United States

Category Company
Founded 2009
Sector Information Technology
DESCRIPTION

Ridecell involved in the digital transformation of fleet businesses and operations. The company's IoT-driven automation and mobility platform help businesses modernize and monetize their fleets by combining data insights with digital vehicle control to turn today’s manual processes into automated workflows. It powers some of the most successful fleet businesses in cities across Europe and North America, including Gig Car Share from AAA. Ridecell was founded in 2009 and is headquartered in San Francisco, with offices in Madrid, Paris, Berlin, and Pune, India.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1