Riders Share, the largest motorcycle sharing platform in the world, has raised $2 million in a Series A round of financing led by LiveOak Venture Partners of Austin, Texas.
The capital in this round will be used for the acceleration of product development and to scale up customer service and marketing.
Riders Share is an online marketplace where people can rent motorcycles from other people. The company leverages machine learning to screen and vet riders before allowing them to rent on the platform.
Launched in 2018 by Guillermo Cornejo, who gained industry and analytical experience while working with Nissan Motors, General Motors and Hyundai, Riders Share has now served over 10,000 unique customers and listed over 10,000 motorcycles for rent on its platform.