Rybit - Connecting the last mile with a $10m Series A

❓️ What is Rybit?

Rybit is a electric bike producer (B2C) and last-mile delivery fleet management platform for businesses (B2B). The B2C side involves leasing the electric bike to riders for a monthly fee. The B2B sides implements a IoT system in the bike to track location, speed, errors amongst other data. This is great for businesses doing high-volume short-distance deliveries.

🤹 Who are the founders?

1. Mark Lin (Founder & CEO): ex-Head of International Operations at Meituan (Mobike)

2. Jeffrey Chang (Co-Founder & CTO): ex-Co-Founder & CTO at Shuga

💰️ More about the funding round:

Rybit secures a $10m Series A which saw participation from Cherubic Ventures, Colopl Next, Flexport, Cornerstone Ventures, AVA Angels, PChrome and Chunghwa Telecom.

The funding is intended to be used for expanding its B2B service internationally.

💻️ Job openings:

N/A ☹️