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Seattle-area counties' experiment with on-demand, door-to-door public bus service is showing promise geekwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geekwire.com Daily Mail and Mail on Sunday newspapers.
Can ride-sharing technology change local transit? Seattle-area county testing app-based bus system geekwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geekwire.com Daily Mail and Mail on Sunday newspapers.
The round was led by The Engine. The funding, which brings The Routing Company’s total capital raised to $6.175m, will be used to accelerate commercialization of the startup’s dynamic shared rides technology, refine its product, and round out a team that combines extensive rideshare industry leadership experience with deep academic expertise. Spun out of MIT’s Computer Science and Artificial Intelligence Laboratory (MIT CSAIL) by Menno van der Zee and Alex Wallar, Chief Technology Officer, later joined by James Cox, CEO, and Bradford Church, head of product, The Routing Company partners with cities to improve the reach, efficiency, and sustainability of public transit via an on-demand vehicle routing and management platform. Its proprietary technology – born out of a 2017 MIT study – powers a platform that helps cities and other transit providers solve the problem of how to deliver reliable demand-responsive transit – sustainably and at scale. Cities and othe ....
With $5 million in hand, The Routing Company is giving public transit authorities a ridesharing service James Cox spent much of his professional career at Uber trying to crack the problem of how to reduce congestion through ridesharing. As one of the architects of the Uber Pool service and a longtime proponent of ridesharing as a means to slash vehicle emissions, Cox leapt at the chance to harness technology developed at MIT that purported to perfect a dynamic routing and vehicle management system for transit authorities. That technology is at the heart of The Routing Company, the startup that Cox now leads. It’s based on software developed by Routing Company co-founder and chief technology officer Alex Wallar when he was a doctoral student at MIT focused on optimizing vehicle distributions. Working with collaborators, including Daniela Rus, the director of MIT’s Computer Science and Artificial Intelligence Laboratory and post-doc researcher Javier Alonso Mora, Wa ....