Chariot
MobilityUSAClosed 2019
Total Raised
$14.6M
Peak Valuation
$65M
Employees
—
Year Collapsed
2019
Business model
Crowdsourced commuter shuttle vans running fixed routes based on rider demand.
In brief
Ran commuter shuttle vans on routes determined by rider demand, acquired by Ford in 2016 as part of its push into "mobility services" beyond car manufacturing. After Ford's broader mobility division failed to find a profitable path and underwent a corporate restructuring, Ford sh…
See the What Happened tab for the full account.
Key facts
- Founded
- 2014
- Closed
- 2019
- Headquarters
- San Francisco, USA
- Industry
- Mobility
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Ali Vahabzadeh
Related failures
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2014–2015Mobility · USA
Legal / regulatory$12MArgo AI
2016–2022Autonomous Vehicles · USA
Ran out of funding$3.60B
Often compared with: Via, Ford's broader EV strategy.