SPLT (Splitting Fares) is a technology company.
SPLT (Splitting Fares) has raised $680K across 1 funding round.
SPLT (Splitting Fares) has raised $680K in total across 1 funding round.
SPLT (Splitting Fares, Inc.) builds an enterprise carpooling platform that connects employees within organizations—or across corporations—to share commutes using a mobile app.[1][2][3] It serves companies, universities, hospitals, and municipalities, solving commuter congestion, high costs, and emissions through algorithm-driven ride matching that optimizes routes and fosters trusted coworker pairings.[2][3][5] The B2B model emphasizes security, convenience, and sustainability metrics like CO₂ savings, with proven traction including 140,000 users across the US, Mexico, and Germany before its acquisition by Bosch.[2][3]
Growth momentum accelerated via Bosch's 2021 acquisition, integrating SPLT into the company's mobility services portfolio for double-digit expansion in connected transport solutions.[2]
Founded in 2015 in Detroit, SPLT emerged as a ridesharing startup targeting B2B commuters, initially focusing on matching people sharing routes to work or school via an app that computes optimal groups and paths.[1][2] The idea addressed urban commute frustrations by filling empty vehicle seats and creating inter-corporate networks, gaining early adoption among enterprises.[5][6] A pivotal moment came in 2021 when Bosch, a global tech supplier, acquired SPLT to enter ridesharing, scaling it to 140,000 users and embedding it within Bosch's Mobility Solutions sector.[2][7]
SPLT rides the corporate mobility-as-a-service (MaaS) trend, capitalizing on post-pandemic hybrid work, rising fuel costs, and ESG mandates pushing firms toward low-emission commuting.[2][3] Timing aligns with electrification and smart city initiatives, where Bosch's scale amplifies SPLT amid vehicle-to-infrastructure tech growth.[2] Market forces like urban congestion and legislative sustainability rules favor it, influencing ecosystems by normalizing enterprise carpools—reducing traffic while fostering employee networking and data-driven wellness programs.[3][6]
Bosch integration positions SPLT for expansion into automated driving and V2X communications, potentially scaling globally with Bosch's 395,000-employee network.[2] Trends like AI-optimized routing and green mandates will propel it, evolving from carpool matching to full integrated mobility suites. As enterprises prioritize sustainable commutes, SPLT's enterprise-first model cements its role in transforming daily frustrations into collaborative, eco-friendly opportunities—echoing its core promise of splitting fares for shared progress.[2][3]
SPLT (Splitting Fares) has raised $680K in total across 1 funding round.
SPLT (Splitting Fares)'s investors include Kompas VC.
SPLT (Splitting Fares) has raised $680K across 1 funding round. Most recently, it raised $680K Seed in December 2016.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2016 | $680K Seed | Kompas VC |