Seeds Capital backs Singapore smart mobility firm’s seed round

RushOwl, a Singapore-based mobility startup, raised US$650,000 in a seed round that was oversubscribed 3x and led by Silicon Solutions Partners, alongside Seeds Capital, the investment arm of Enterprise Singapore. Silicon Solution Ventures, The Workplace Accelerator, and a network of angels also chipped in.

Photo credit: RushOwl

Established in 2018, RushOwl works with stakeholders in smart cities to provide solutions for mobility, offering on-demand and region-to-region routes. The company said its ridership has grown 400% since 2019, with people seeking more options for transportation amid the pandemic.

RushOwl was founded by Shin Ng, who is also the startup’s CEO. The company plans to use the new funds to expand its ride-sharing product, RushTrail, across the Asia Pacific next year, including Singapore and mass markets such as Vietnam and India. The company also looks to add new mobility products and partner with electric vehicle firms to beef up its ecosystem.

RushTrail uses AI to automatically facilitate rides by pooling commuter requests. In addition to this, RushOwl also offers a service for companies that need flexible commute plans for employees.