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Spare Labs

On-demand transit platform integrating third-party fleets

Overview

Spare Labs builds an on-demand transit platform that lets transit providers connect and manage demand-responsive services by integrating with third-party fleets like Lyft, Uber, and local taxis. How it works: transit operators use Spare Labs to design, deploy, and operate flexible transit routes and services; the platform consolidates multiple fleets, offers user-friendly booking across devices, delivers low rider wait times, and provides real-time data on key metrics to inform decisions. It differentiates itself by replacing less capable paratransit software with an easy-to-use, cost-cutting solution that coordinates multiple fleets and automates many manual tasks. The goal is to reduce operating costs for mobility providers while improving the rider experience and enabling quick, data-driven service adjustments.

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About Spare Labs

Simplify's Rating
Why Spare Labs is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsAutomotive & TransportationEnterprise Software

Company Size

201-500

Company Stage

Series B

Total Funding

$104.4M

Headquarters

Vancouver, Canada

Founded

2015

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Simplify's Take

What believers are saying

  • Canada granted Spare $3.35 million on April 8, 2026 for AI scaling.
  • Spare launched Fixed Route on May 18, 2026, broadening seat count across transit workflows.
  • Spare partnered with CitéMobil on March 26, 2026, expanding French public-sector reach.

What critics are saying

  • Spare depends on slow public procurement cycles, delaying revenue recognition for years.
  • A failed BC Transit deployment would damage credibility across Canadian agencies immediately.
  • Incumbents like Trapeze and Tyler can bundle replacements, compressing margins and blocking renewals.

What makes Spare Labs unique

  • Spare unifies fixed route, paratransit, microtransit, and asset management in one platform.
  • BC Transit chose Spare for handyDART modernization in Chilliwack and Central Fraser Valley.
  • Spare serves 200-plus agencies worldwide, including LA Metro, MBTA, AC Transit, and BART.

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Funding

Total Funding

$104.4M

Above

Industry Average

Funded Over

7 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30.8M
$45M
$65M
$100M

Benefits

  • Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

6%
Associated Press
Sep 10th, 2026
BC Transit launches Spare technology in Chilliwack and Central Fraser Valley

BC Transit has launched new technology from Vancouver-based Spare to modernise handyDART services in Chilliwack and Central Fraser Valley, the first of 28 communities across British Columbia to transition to the digital system. The platform enables riders to book, modify or cancel trips through a mobile app or website, with real-time vehicle tracking and estimated arrival times. The traditional phone booking line remains available. "For riders who depend on these services every day — to get to medical appointments, to work, to see family — an accessible booking experience matters," said Kristoffer Vik Hansen, chief executive officer and co-founder of Spare. The system includes digital registration for new riders and caregiver access for family members managing bookings on behalf of users.

Associated Press
May 18th, 2026
Spare launches Fixed Route to unify transit operations across fixed route, paratransit, microtransit and asset management

Spare, an AI-native transit operations platform, has launched Spare Fixed Route, expanding its unified platform to manage fixed route, paratransit, microtransit and asset management operations in a single system. The Vancouver-based company aims to replace disconnected legacy tools with an integrated solution. The platform enables agencies to plan routes, build schedules, monitor live service and publish GTFS data through one interface. Transit teams can coordinate multiple service types, create detours during disruptions and generate real-time feeds for rider-facing apps from a unified source. Spare serves hundreds of transit agencies including LA Metro, DART, PSTA, MBTA and AC Transit/BART. CEO Kristoffer Vik Hansen said the expansion helps agencies optimise networks by connecting planning, operations and rider information across service types, reducing operational complexity.

BetaKit
Sep 10th, 2024
Transit platform Spare raises $42 million Series B led by Inovia

Transit platform Spare raises $42 million Series B led by Inovia.

ACCESSWIRE
Sep 10th, 2024
Spare Secures $42M in Series B Funding to Accelerate Growth in Demand Response Transit Solutions

VANCOUVER, BC / ACCESSWIRE / September 10, 2024 / Spare, the leading provider of mobility operations software, today announced the successful completion of its Series B funding round, raising $42 million CAD. The funding round was led by Inovia Capital, a longtime partner and lead investor from Spare's Series A. Other previous investors, including Kensington Capital and Nicola Wealth, also participated.

BetaKit
Jul 9th, 2024
Accessible Transportation Platform Gives Cities Options To Spare

With growth financing from CIBC Innovation Banking, a Vancouver-based transit solution will focus on new AI integrations

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