Ridecell Adds Transportation Titans Groupe Renault and Ferrovial as Marquee Carsharing Customers

Ridecell's award-winning platform powers new electric vehicle carsharing service in Madrid

MADRID, Dec. 18, 2017 /PRNewswire/ -- Ridecell Inc. [https://ridecell.com/], the leading platform developer for carsharing and ridesharing operators, announced today it is providing the technology foundation for ZITY(TM), a new carsharing service in Madrid, Spain. Powered by Ridecell, ZITY is a collaboration between Ferrovial, a global infrastructure and municipal services company, and Groupe Renault, the top electric vehicle manufacturer in Europe. The Ridecell platform enables ZITY customers to download the ZITY app, sign up for the service, and start driving in just a few minutes--making it the easiest to use carsharing service in Madrid. Ferrovial and Groupe Renault join BMW, KODA Poland VGP, and AAA as Ridecell marquee customers.

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"Demand for new mobility services continues to gain momentum in Europe. The city of Madrid, which has Europe's highest electric carsharing rate, represented an ideal market for us to launch an innovative new service," said Javier Mateos, CEO of ZITY. "In selecting the technical infrastructure for ZITY, we chose Ridecell based on its state-of-the-art platform and its team of new mobility experts."

The ZITY carsharing fleet is comprised of 500 Renault ZOE vehicles, making it the only carsharing service on the market that offers room for five passengers. In addition, the ZOE is the only mass-market electric car with a longer range (400km NEDC), allowing ZITY cars to be used for both short city trips and long weekend getaways. Fast battery charge times reduce vehicle downtime, leading to higher usage and availability. The ZITY service takes full advantage of the Ridecell platform, including end-to-end automation, instant driver verification, payment processing, scheduling, demand/supply balancing, fleet management, and custom analytics.

"Since ZITY exclusively uses Renault ZOE vehicles, it's the first all-EV service with a 400km range in Spain. Furthermore, today, the electric vehicle is the only one that ensures zero emissions in its use," said Luis Valerio, Electric Vehicle Director, Groupe Renault Iberia. "Ridecell's advanced mobility platform gives us the advantage of ensuring the availability of the ZITY vehicles in locations where demand is the highest and helps in streamlining fleet management tasks such as rotating vehicles for recharging, cleaning, or repair."

The Ridecell platform allows ZITY customers to quickly and easily sign up for the ZITY service with a simple app-based registration process. Users take a picture of their driver's license and credit card, and receive full verification in a few minutes -- the first of its kind in the market. The ZITY app then accesses all available vehicles in the service area. In addition to this smooth onboarding experience, the smartphone connection is Bluetooth-enabled, which means cars can be contacted and rented even in places where connectivity is poor like underground car parks.

"Our deep expertise and extensive success in launching new mobility programs for automotive OEMs and other new mobility providers makes Ridecell uniquely equipped to design and launch innovative carsharing offerings," said Aarjav Trivedi, founder and CEO of Ridecell. "Madrid is a prime city for a one-way carsharing service, and ZITY addresses the much-needed demand for a convenient and environmentally friendly mode of transportation. We are thrilled to usher in this new era of mobility with Groupe Renault and Ferrovial."

About Ridecell Ridecell empowers new mobility operators, including OEMs, car rental companies, auto clubs, cities, transit agencies, dealer groups, and private fleets to launch, expand, and maximize the utilization of their own ridesharing and carsharing services. Headquartered in San Francisco, the company provides an intelligent software platform that runs new mobility services such as carsharing, ridesharing, and autonomous fleet management. End-to-end integration and automation accelerate time to market, enabling Ridecell customers to launch mobility services quickly, operate efficiently, and scale revenues as business grows. Founded in 2009, Ridecell has already processed over 20 million rides and rentals and has a team of more than 100 professionals in the US, Europe, Asia and Australia. The company now powers new mobility offerings, including BMW's ReachNow, Volkswagen's OMNI, and AAA's GIG Carsharing service. In addition, Ridecell powers dynamic shuttle services for campuses such as Georgia Tech, UC Berkeley, UCSF, 3M, and transit agencies like SouthWest Transit.

©2017 Ridecell, Inc. All rights reserved. RIDECELL is a registered trademark of Ridecell, Inc. All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at the time of publication and is subject to change without notice.

Media Contact: Kacey Heller 415.277.4917 ridecell@allisonpr.com [mailto:ridecell@allisonpr.com]

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Web site: http://www.ridecell.com/

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