SSpare 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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Industries
Company Size
201-500
Company Stage
Series B
Total Funding
$104.4M
Headquarters
Vancouver, Canada
Founded
2015
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Total Funding
$104.4M
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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.
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.
Transit platform Spare raises $42 million Series B led by Inovia.
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.
With growth financing from CIBC Innovation Banking, a Vancouver-based transit solution will focus on new AI integrations
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Industries
Company Size
201-500
Company Stage
Series B
Total Funding
$104.4M
Headquarters
Vancouver, Canada
Founded
2015
Find jobs on Simplify and start your career today