Overview

TransLoc specializes in transportation technology, focusing on flexible microtransit solutions that enhance campus transit systems. Their products include a MicroTransit OnDemand System, MicroTransit Simulator, and MicroTransit Pilot, which work together to optimize transit resources by using automated dispatch and data-driven performance management. Unlike many competitors, TransLoc emphasizes collaboration with clients to identify service gaps and improve transit operations through ongoing support and consulting services. Their goal is to provide educational institutions with seamless rider experiences and efficient transit solutions, while also offering strategic marketing consulting to boost community engagement.

Simplify's Take

What believers are saying

• Growing demand for eco-friendly campus transportation aligns with TransLoc's offerings.
• Partnerships with educational institutions create smart campus ecosystems, like UC San Diego.
• Increased interest in data-driven decision-making boosts TransLoc's data management services.

What critics are saying

• Emerging competitors like Via and RideCo may capture market share.
• Budget cuts in educational institutions could affect TransLoc's revenue streams.
• Rapid tech advancements could render current systems obsolete without updates.

What makes TransLoc unique

• TransLoc specializes in flexible microtransit solutions for campus transit optimization.
• The company offers a unique MicroTransit OnDemand System and Simulator.
• TransLoc emphasizes iterative improvements based on client feedback and data analysis.

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Funding

Total Funding

$8M

Below

Industry Average

Funded Over

1 Rounds

$8,000,000

Series A

Mar 2016

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8M

$8.2M

$15M

$30M