BestMile raises $2.5M in Seed Round

BestMile raises $2.5M in Seed Round

21.07.2016 BestMile, the Lausanne based startup specialising in software to manage driverless vehicle fleets remotely, announces the closing of $2.5M in seed round led by an angel investor from the Zurich region. The funds will be used to rapidly scale the team internationally, accelerate development and boost growth.

Following the successful launch of the first autonomous Smartshuttles in Sion, BestMile has achieved another significant milestone. Today, the startup has closed its first financing round with $2.5M led by an angel investor from Zurich. The US venture capital firm Perot Jain, L.P., Forticap SA based in Geneva and private investors from Switzerland, Germany and Silicon Valley participated in thefinancing round. The funds will be used to rapidly scale the team internationally, accelerate R&D development, and boost growth through business development and partnerships with cities, vehicle manufacturers, tech companies, and mobility providers.

“Most importantly, besides the funds, each investor is bringing his qualified network and expertise, which are essential to support a rapidly growing start-up. We are very fortunate to benefit from the know-how of our accomplished investors and serial entrepreneurs to help us move efficiently towards our vision for accessible mobility and sustainable cities”, says Raphael Gindrat, BestMile’s CEO and co-founder.

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