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The Founder's Handbook

Top 40 Transportation Unicorns in 2024

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The Transportation industry is filled with successful companies that have raised millions of dollars in VC funding that came from some of the top investors in the world.

Many of these successes have turned into unicorns — private companies worth over $1 billion.

If you want to build the next unicorn in the Transportation space, these 40 companies should be your inspiration.

40 Transportation Unicorns Companies

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1) SpaceX

SpaceX

SpaceX is space technology company involved in aerospace manufacturing, design of rockets and spacecraft.

Details of the startup:

  • Valuation: $127.00B (December 2012)
  • Country: United States
  • State: California
  • City: Hawthorne
  • Started in: 2002
  • Founders: Elon Musk
  • Number of employees: 5,000-10,000
  • Funding: $383.02M
  • Funding rounds: 56
  • Number of investors: 60

You can find their website here.

2) Lalamove

Lalamove

Lalamove is a logistics company that specializes in on-demand and same-day delivery. Delivering directly to your doorstep or preferred pickup location, they offer a convenient service that customers love.

Details of the startup:

  • Valuation: $10.00B (February 2019)
  • Country: Hong Kong
  • City: Cheung Sha Wan
  • Started in: 2013
  • Founders: Chow Shing Yuk, Gary Hui, Santit Jirawongkraisorn
  • Number of employees: 500-1,000
  • Funding: $2,475.00M
  • Funding rounds: 9
  • Number of investors: 18

You can find their website here.

3) Nuro

Nuro

Nuro develops and operates a fleet of autonomous vehicles that operate 24/7 to safely deliver goods to their destinations efficiently.

Details of the startup:

  • Valuation: $8.60B (February 2019)
  • Country: United States
  • State: California
  • City: Mountain View
  • Started in: 2016
  • Founders: Dave Ferguson, Jiajun Zhu
  • Number of employees: 1,000-5,000
  • Funding: $2,132.00M
  • Funding rounds: 6
  • Number of investors: 12

You can find their website here.

4) Pony.ai

Pony.ai

Pony.ai is revolutionizing the autonomous vehicle sector by providing a high-quality experience that surpasses its competitors.

Details of the startup:

  • Valuation: $8.50B (July 2018)
  • Country: United States
  • State: California
  • City: Fremont
  • Started in: 2016
  • Founders: James Peng, Tiancheng Lou
  • Number of employees: 250-500
  • Funding: $1,093.00M
  • Funding rounds: 7
  • Number of investors: 28

You can find their website here.

5) Bolt

Bolt

Bolt provides a seamless end-to-end transportation experience in cities through multimodal services, including ride-hailing, food delivery and car-sharing.

Details of the startup:

  • Valuation: $8.40B (May 2018)
  • Country: Estonia
  • City: Tallinn
  • Started in: 2013
  • Founders: Markus Villig, Martin Villig, Oliver Leisalu
  • Number of employees: 1,000-5,000
  • Funding: $1,970.53M
  • Funding rounds: 14
  • Number of investors: 33

You can find their website here.

6) Ola Cabs

Ola Cabs

Ola is India's leading mobile app that allows you to discover, book, and pay for rides seamlessly.

Details of the startup:

  • Valuation: $7.50B (October 2014)
  • Country: India
  • City: Bengaluru
  • Started in: 2011
  • Founders: Ankit Bhati, Bhavish Aggarwal
  • Number of employees: 5,000-10,000
  • Funding: $5,008.30M
  • Funding rounds: 28
  • Number of investors: 54

You can find their website here.

7) The Boring Company

The Boring Company

The Boring Company is a company that builds underground transportation networks.

Details of the startup:

  • Valuation: $5.70B (April 2022)
  • Country: United States
  • State: Texas
  • City: Pflugerville
  • Started in: 2016
  • Founders: Bridgett Moore, Bridgett Moore, Elon Musk, Samuel Hetherington
  • Number of employees: 251-500
  • Funding: $913.00M
  • Funding rounds: 4
  • Number of investors: 9

You can find their website here.

8) Convoy

Convoy

Convoy is a real-time, demand-based digital freight network to bring efficiency and transparency between shippers and carriers.

Details of the startup:

  • Valuation: $3.80B (September 2018)
  • Country: United States
  • State: Washington
  • City: Seattle
  • Started in: 2015
  • Founders: Dan Lewis, Grant Goodale
  • Number of employees: 500-1,000
  • Funding: $675.46M
  • Funding rounds: 10
  • Number of investors: 47

You can find their website here.

9) Indigo Ag

Indigo Ag

Indigo is an end-to-end solution that integrates microbiology technologies to revolutionizes agronomic productivity in agricultural markets around the world.

Details of the startup:

  • Valuation: $3.50B (September 2017)
  • Country: United States
  • State: Massachusetts
  • City: Boston
  • Started in: 2014
  • Founders: Rahul Bhatia, Rakesh Gangwal
  • Number of employees: 1,000-5,000
  • Funding: $1,176.50M
  • Funding rounds: 2
  • Number of investors: 1

You can find their website here.

10) Via

Via

Via offers a flexible, on-demand transportation service to help you get from home to work in a safe, fun, and affordable way.

Details of the startup:

  • Valuation: $3.30B (March 2020)
  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2012
  • Founders: Daniel Ramot, Oren Shoval
  • Number of employees: 1,000-5,000
  • Funding: $697.06M
  • Funding rounds: 8
  • Number of investors: 29

You can find their website here.

11) FlixMobility

FlixMobility

FlixBus is an online platform that combines a great experience with premium tech and effective IT systems.

Details of the startup:

  • Valuation: $3.00B (July 2019)
  • Country: Germany
  • City: Munich
  • Started in: 2013
  • Founders: Andre Schwammlein, Daniel Krauss, Jochen Engert
  • Number of employees: 1,000-5,000
  • Funding: $1,211.00M
  • Funding rounds: 7
  • Number of investors: 16

You can find their website here.

12) Motive

Motive

Motive develops technology to improve the safety, productivity, and profitability of the physical economy's businesses.

Details of the startup:

  • Valuation: $2.85B (April 2019)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2013
  • Founders: Obaid Khan, Ryan Johns, Shoaib Makani
  • Number of employees: 1001-5000
  • Funding: $567.30M
  • Funding rounds: 9
  • Number of investors: 17

You can find their website here.

13) G7 Networks

G7 Networks

G7 is a service provider in fleet management that strives to deliver efficient and convenient services with IoT/AI technology.

Details of the startup:

  • Valuation: $2.20B (February 2022)
  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2006
  • Founders: Wu Haibo, Zhai Xuehun
  • Number of employees: 1,000-5,000
  • Funding: $710.00M
  • Funding rounds: 7
  • Number of investors: 17

You can find their website here.

14) Hesai Tech

Hesai Tech

Hesai has designed the first fully-autonomous radar based on laser-microwave technology that accurately detects moving obstacles and recognizes static obstacles with the highest accuracy.

Details of the startup:

  • Valuation: $2.18B (August 2020)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2013
  • Founders: Kai Sun, Shaoqing Xiang, Yifan Li
  • Number of employees: 500-1,000
  • Funding: $717.29M
  • Funding rounds: 9
  • Number of investors: 18

You can find their website here.

15) Rimac Group

Rimac Group

Rimac Group combines advanced hypercars and high-performance electrification technologies for OEMS.

Details of the startup:

  • Valuation: $2.00B (June 2022)
  • Country: Croatia
  • State: Zagrebacka
  • City: Sveta Nedelja
  • Started in: 2009
  • Founders: Mate Rimac
  • Number of employees: 1001-5000
  • Funding: $875.77M
  • Funding rounds: 9
  • Number of investors: 10

You can find their website here.

16) Mafengwo

Mafengwo

Mafengwo is a Chinese travel SNS website that allows users to share their travel experiences and enable other users to plan their trips effectively.

Details of the startup:

  • Valuation: $2.00B (May 2019)
  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2010
  • Founders: Gang Chen, Gang Lv
  • Number of employees: 500-1,000
  • Funding: $488.00M
  • Funding rounds: 5
  • Number of investors: 12

You can find their website here.

17) BlaBlaCar

BlaBlaCar

BlaBlaCar is a long distance ride-sharing platform that allows travelers to connect with other travelers and share the trip costs.

Details of the startup:

  • Valuation: $2.00B (September 2015)
  • Country: France
  • City: Paris
  • Started in: 2006
  • Founders: Francis Nappez, Frédéric Mazzella, Nicolas Brusson
  • Number of employees: 250-500
  • Funding: $564.30M
  • Funding rounds: 7
  • Number of investors: 15

You can find their website here.

18) Tier

Tier

TIER Mobility is a micro-mobility company that provides sustainable ride-sharing solutions to its customers.

Details of the startup:

  • Valuation: $2.00B (October 2021)
  • Country: Germany
  • City: Berlin
  • Started in: 2018
  • Founders: Julian Blessin, Lawrence Leuschner, Matthias Laug
  • Number of employees: 500-1,000
  • Funding: $667.38M
  • Funding rounds: 7
  • Number of investors: 19

You can find their website here.

19) Volocopter

Volocopter

Volocopter is an urban air mobility company that creates environmentally friendly air taxis.

Details of the startup:

  • Valuation: $1.87B (March 2022)
  • Country: Germany
  • State: Baden-Wurttemberg
  • City: Bruchsal
  • Started in: 2011
  • Founders: Alexander Zosel, Stephan Wolf
  • Number of employees: 501-1000
  • Funding: $780.58M
  • Funding rounds: 8
  • Number of investors: 26

You can find their website here.

20) Cao Cao Mobility

Cao Cao Mobility

Caocao Chuxing is a Chinese company that operates the world’s largest mobility platform, offering taxi-hailing, car-sharing, bus-hailing, and bike-sharing services.

Details of the startup:

  • Valuation: $1.60B (January 2018)
  • Country: China
  • State: Zhejiang
  • City: Hangzhou
  • Started in: 2015
  • Founders: Jinliang Liu
  • Number of employees: 500-1,000
  • Funding: $260.35M
  • Funding rounds: 4
  • Number of investors: 9

You can find their website here.

21) First Mode

First Mode

First Mode assists governments, businesses, and individuals in identifying and replacing equipment that emits glasshouse gases.

Details of the startup:

  • Valuation: $1.50B (December 2022)
  • Country: United States
  • State: Washington
  • City: Seattle
  • Started in: 2018
  • Founders: Joshua Weiss, Krunal Desai, Maggie Scholtz, Rhae Adams, Riley Chapin
  • Number of employees: 251-500
  • Funding: $8.75M
  • Funding rounds: 2
  • Number of investors: 2

You can find their website here.

22) Gett

Gett

Gett is the company that provides a comprehensive technology platform for corporate ground transportation (GTM) management.

Details of the startup:

  • Valuation: $1.50B (May 2016)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 2010
  • Founders: Dave Waiser, Roi More
  • Number of employees: 500-1,000
  • Funding: $1,057.00M
  • Funding rounds: 12
  • Number of investors: 11

You can find their website here.

23) YunQuNa

YunQuNa

YunQuNa is an online portal that offers logistics trading and services on a global scale.

Details of the startup:

  • Valuation: $1.50B (June 2021)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2015
  • Founders: Shihao Zhou
  • Number of employees: 250-500
  • Funding: $185.52M
  • Funding rounds: 8
  • Number of investors: 7

You can find their website here.

24) Cambridge Mobile Telematics

Cambridge Mobile Telematics

Cambridge Mobile Telematics provides full-stack telematics solutions that connect data from vehicles to a suite of behavioral analytics tools.

Details of the startup:

  • Valuation: $1.50B (December 2018)
  • Country: United States
  • State: Massachusetts
  • City: Cambridge
  • Started in: 2010
  • Founders: Bill Powers, Hari Balakrishnan, Sam Madden, Tim Vogel
  • Number of employees: 100-250
  • Funding: $626.63M
  • Funding rounds: 2
  • Number of investors: 1

You can find their website here.

25) Einride

Einride

Einride is an electric and autonomous freight tech company that designs and develops technologies for transportation systems.

Details of the startup:

  • Valuation: $1.44B (December 2021)
  • Country: Sweden
  • City: Stockholm
  • Started in: 2016
  • Founders: Filip Lilja, Linnea Kornehed, Robert Falck
  • Number of employees: 100-250
  • Funding: $150.82M
  • Funding rounds: 7
  • Number of investors: 15

You can find their website here.

26) Rad Power Bikes

Rad Power Bikes

The largest electric bike company in North America. Red Power Bikes is making transportation more environmentally friendly, enjoyable, and accessible to all.

Details of the startup:

  • Valuation: $1.40B (October 2021)
  • Country: United States
  • State: Washington
  • City: Seattle
  • Started in: 2007
  • Founders: Mike Radenbaugh, Tyler Collins
  • Number of employees: 501-1000
  • Funding: $329.32M
  • Funding rounds: 5
  • Number of investors: 8

You can find their website here.

27) Cabify

Cabify

Cabify is the leading company in ride-sharing in Latin America, Spain, and Portugal. They are dedicated to providing a safe, affordable solution for urban transportation.

Details of the startup:

  • Valuation: $1.40B (January 2018)
  • Country: Spain
  • City: Madrid
  • Started in: 2011
  • Founders: Adrian Merino, Francisco Montero, Juan De Antonio, Sam Lown, Vicente Pascual
  • Number of employees: 1,000-5,000
  • Funding: $481.47M
  • Funding rounds: 9
  • Number of investors: 25

You can find their website here.

28) Loadsmart

Loadsmart

Loadsmart helps shippers move their freight fast and carriers keep trucks full.

Details of the startup:

  • Valuation: $1.30B (February 2022)
  • Country: United States
  • State: Illinois
  • City: Chicago
  • Started in: 2014
  • Founders: Felipe Capella, Ricardo Salgado
  • Number of employees: 250-500
  • Funding: $345.20M
  • Funding rounds: 7
  • Number of investors: 16

You can find their website here.

29) Flock Freight

Flock Freight

Flock Freight uses algorithmic pooling technology to allow less-than-truckload shippers to share trailer space in one full truckload.

Details of the startup:

  • Valuation: $1.30B (October 2021)
  • Country: United States
  • State: California
  • City: Encinitas
  • Started in: 2015
  • Founders: Oren Zaslansky
  • Number of employees: 250-500
  • Funding: $399.70M
  • Funding rounds: 7
  • Number of investors: 13

You can find their website here.

30) inDrive

inDrive

Indrive is a taxi alternative app that helps you ride for a reasonable fee that you and driver both agree on. 

Details of the startup:

  • Valuation: $1.23B (February 2021)
  • Country: United States
  • State: California
  • City: Mountain View
  • Started in: 2012
  • Founders: Arsen Tomsky
  • Number of employees: 1001-5000
  • Funding: $237.00M
  • Funding rounds: 4
  • Number of investors: 4

You can find their website here.

31) TELD

TELD

Teld New Energy is a dedicated team of industry-leading experts who are passionate about finding and implementing the technology that powers electric vehicles.

Details of the startup:

  • Valuation: $1.12B (December 2019)
  • Country: China
  • State: Shandong
  • City: Qingdao
  • Started in: 2014
  • Founders: Yongguang Guo
  • Number of employees: 250-500
  • Funding: $435.98M
  • Funding rounds: 4
  • Number of investors: 8

You can find their website here.

32) Radius Payment Solutions

Radius Payment Solutions

Radius Payment Solutions is a high-tech payment processing company that provides secure, reliable, cost-effective, and integrated software-as-a-service technology solutions for commercial trucking companies.

Details of the startup:

  • Valuation: $1.07B (November 2017)
  • Country: United Kingdom
  • State: England
  • City: Crewe
  • Started in: 1990
  • Founders: Bill Holmes, Roy Sciortino
  • Number of employees: 1,000-5,000
  • Funding: $200.11M
  • Funding rounds: 1
  • Number of investors: 1

You can find their website here.

33) Rivigo

Rivigo

Rivigo, a technology enabled logistics platform provider, helps customers move goods from origins to destinations with efficiency and reliability.

Details of the startup:

  • Valuation: $1.07B (July 2019)
  • Country: India
  • City: Gurgaon
  • Started in: 2014
  • Founders: Deepak Garg, Gazal Kalra
  • Number of employees: 1,000-5,000
  • Funding: $319.89M
  • Funding rounds: 11
  • Number of investors: 7

You can find their website here.

34) Ample

Ample

Ample solves the energy delivery challenge for electric vehicles by utilising autonomous robotics and smart-battery technology.

Details of the startup:

  • Valuation: $1.02B (November 2021)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2014
  • Founders: John de Souza, Khaled Hassounah
  • Number of employees: 1-10
  • Funding: $275.73M
  • Funding rounds: 4
  • Number of investors: 15

You can find their website here.

35) BlackBuck

BlackBuck

Blackbuck is an Indian logistics company that simplifies trucking for shippers and drivers alike.

Details of the startup:

  • Valuation: $1.02B (July 2021)
  • Country: India
  • City: Bengaluru
  • Started in: 2015
  • Founders: Chanakya Hridaya, Rajesh Yabaji, Ramasubramaniam B
  • Number of employees: 1,000-5,000
  • Funding: $330.88M
  • Funding rounds: 9
  • Number of investors: 17

You can find their website here.

36) YH Global

YH Global

YH Global provides comprehensive transport distribution solutions that enable cost savings, faster turnaround times, and improved efficiency. They have a full service logistics company that integrates all modes of transportation including air, sea, road, and rail to transport your goods worldwide.

Details of the startup:

  • Valuation: $1.00B (September 2017)
  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 1997
  • Founders: Zhang Quan
  • Number of employees: 50-100
  • Funding: $182.05M
  • Funding rounds: 1
  • Number of investors: 5

You can find their website here.

37) Boom Supersonic

Boom Supersonic

Boom Supersonic is committed to developing 21st century airliners that combine speed, safety, and sustainability in one efficient package.

Details of the startup:

  • Valuation: $1.00B (December 2020)
  • Country: United States
  • State: Colorado
  • City: Englewood
  • Started in: 2014
  • Founders: Blake Scholl, Joe Wilding, Joshua Krall
  • Number of employees: 100-250
  • Funding: $247.61M
  • Funding rounds: 8
  • Number of investors: 30

You can find their website here.

38) Flash Express

Flash Express

Flash Express is a logistics and transportation company that operates a door-to-door pickup and delivery service.

Details of the startup:

  • Valuation: $1.00B (February 2021)
  • Country: Thailand
  • City: Bangkok
  • Started in: 2017
  • Founders: Di Weijie, Komsan Lee
  • Number of employees: 10,000+
  • Funding: $360.00M
  • Funding rounds: 3
  • Number of investors: 10

You can find their website here.

39) VOI

VOI

Voi is a micro-mobility startup that provides electric scooters for last-mile transportation.

Details of the startup:

  • Valuation: $1.00B (December 2021)
  • Country: Sweden
  • City: Stockholm
  • Started in: 2018
  • Founders: Adam Jafer, Douglas Stark, Filip Lindvall, Fredrik Hjelm, Johan Pietilä Holmner, Keith Richman
  • Number of employees: 500-1,000
  • Funding: $517.90M
  • Funding rounds: 10
  • Number of investors: 29

You can find their website here.

40) Ninja Van

Ninja Van

Ninja Van is a tech-enabled express delivery firm serving businesses across Southeast Asia.

Details of the startup:

  • Valuation: $1.00B (September 2021)
  • Country: Singapore
  • Started in: 2014
  • Founders: Boxian Tan, Chang Wen Lai, Shaun Chong
  • Number of employees: 1,000-5,000
  • Funding: $976.50M
  • Funding rounds: 6
  • Number of investors: 13

You can find their website here.

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