Vancouver’s Spare today announced the successful completion of its Series B funding round, raising $42 million. The funding round was led by Inovia Capital, a longtime partner and lead investor from Spare’s $18 million Series A round. Other previous investors, including Kensington Capital and Nicola Wealth, also participated. This new funding will enable Spare to meet […]
Spare
Canada Invests $5.6M in Vancouver Safety and Transit Tech
Vancouver is a powerful hub for innovation, ranking among the top tech cities in North America. To support Vancouver’s boldest and brightest changemakers, the Government of Canada is investing in local businesses that are driving Canadian-made innovation with growth potential beyond our borders. Today, the Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister […]
22 B.C. Tech Companies Named Deloitte Technology Fast 50 Winners
Deloitte Canada has announced this year’s winners of the Technology Fast 50, Companies-to-Watch, Clean Technology and Enterprise Fast 15 awards, recognizing the world-class achievements of the best in tech companies across Canada for the 26th year. The Technology Fast 50 program recognizes the world-class achievements of Canada’s leading technology companies—highlighting their commitment to innovation, strong leadership, […]
Spare Labs Partners with Uber to Empower Micro-Transit Options
Spare Labs and Uber this week announced a partnership that integrates the Vancouver startup’s cloud-based on-demand transit platform with Uber’s driver network. This collaboration empowers transit agencies to enhance microtransit and paratransit services using Uber’s network, according to Lynda Chau of Spare. By integrating Uber into their services through Spare, transit agencies can reduce operational […]
Spare Partners with UZURV to Transform Paratransit Services
Vancouver on-demand transit software solution Spare has partnered with UZURV to enable transit agencies to expand their fleet capacity to meet the evolving paratransit transportation needs. Founded in 2017, UZURV began providing safe, reliable, and fully compliant on-demand paratransit for the Greater Richmond Transit Company (GRTC) in Richmond, VA. Since that time, UZURV has expanded […]
Spare Labs Collaborates with Lyft to Reimagine How Transit Fleets Handle Surge
Spare Labs, maker of a transit and mobility management platform, announced today a partnership with Lyft. The partnership will help transit agencies cost-effectively provide their passengers with reliable and responsive transportation in the face of fluctuating demand, according to Vancouver-based Spare Labs, which last year raised $18 million to further develop their platform. “This innovative integration […]
C100 Includes Two Vancouver Startups In 2022 Fellows Cohort
Each year, C100 welcomes the founders of 20 of the most promising early-stage Canadian-led startups to its flagship mentorship program, C100 Fellows. 2022 was a record year for the Fellows program with over 450 applications from Canadian founders based all around the globe, according to the association. The resulting cohort is a talented, visionary, and […]
Spare Raises $18 Million To Build The World’s First Mobility Operating System
Vancouver’s Spare has raised a $18 million Series A round led by Inovia Capital for its mobility software for collective transportation. Spare will use the investment to further develop its mobility operating system, an all-in-one solution that allows transportation providers to efficiently manage their on-demand operations, including fleets, drivers and bookings. Lead investor Inovia Capital […]
Vancouver Startup to Help Develop a Driverless Bus System for E.U.
The European Union is turning to a Vancouver startup for help in developing an automated transit bus system. Spare Labs is one of five companies taking part in the EU-funded FABULOS (Future Automated Bus Urban Level Operation Systems) project to develop driverless buses that can safely interact with regular traffic. Spare’s mission is to help accelerate the global […]