Singapore based Startup Rushowl is Enabling Worry-Free Journeys
In the latest funding round that was oversubscribed by 3x, Rushowl raises US$650,000 with the aim to provide transport solutions.
Overall, 2021 has been a very positive year for Singapore. Because the startup community in Singapore has witnessed prosperity more than ever before. Rushowl is one of the prominent startups of Singapore. The platform is aiming to solve the different mobility issues in the country. With this idea, the company has raised $650,000 in the latest funding round.
Silicon Solutions Partners, alongside Seeds Capital, the investment arm of Enterprise Singapore led the funding round. However, other investors including Silicon Solution Ventures, The Workplace Accelerator also participated in the funding round.
Since the birth of the first man, mobility has always been a problem. Mankind is always pushing to improve the traveling services. RushOwl is focussing on providing its customers with the option to book the rides in advance.
If the user wants to travel from one place to another, he has to put the pickup and drop-off location. Moreover, the app allows the user to choose the date and timeslot he wants to travel on.
The startup was founded in 2018 by Shin Ng. He is also currently the CEO of the company. The company is differentiating itself from others by working with smart cities to provide users with on-demand and region-to-region routes. As per current data, the company has collaborated with mature smart city stakeholders; JTC, HDT, and SMRT.
However, as per details that the company shared – the ridership of RushOwl has increased by 400% since 2019 as people looked for more options during a pandemic.
The applications of Artificial Intelligence are hard to ignore in any sector of these data. Because the role of AI and big data has become very essential in every sector, let it be healthcare, education, eCommerce, or traveling. In the case of Rushowl, the company uses AI to pool the commuter’s requests to facilitate rides.
Moreover, the company also offers companies the option to get flexible commute plans for their employees. The same offer persists for the schools as well. With the new funds, the company is aiming to increase its presence across India, and Vietnam. Moreover, the company is also planning to partner with electric vehicle firms to make its presence more eco-friendly.
Story Credits: Tech in Asia