Ridepanda Company Profile

Background

Overview

Ridepanda, founded in 2020 by industry veterans Chinmay Malaviya and Charlie Depman, is a New York City-based company specializing in providing electric micromobility solutions as employee benefits. The company offers a comprehensive platform that enables organizations to offer their employees access to a diverse selection of e-bikes, e-scooters, and pedal bikes through monthly subscriptions. This initiative aims to promote sustainable commuting options, enhance employee wellness, and contribute to environmental sustainability.

Mission and Vision

Ridepanda's mission is to create healthier and more efficient urban environments by facilitating the adoption of small, quiet, eco-friendly electric vehicles. The company envisions a future where sustainable commuting options are accessible to all employees, leading to reduced traffic congestion, improved air quality, and enhanced overall well-being.

Industry Significance

Ridepanda operates within the rapidly growing electric micromobility sector, which has seen significant expansion due to increasing urbanization and a global shift towards sustainable transportation solutions. By integrating e-mobility options into employee benefits packages, Ridepanda addresses the dual challenges of urban congestion and environmental impact, positioning itself as a key player in promoting sustainable urban mobility.

Key Strategic Focus

Core Objectives

Sustainable Commuting Solutions: Provide employees with access to eco-friendly transportation options to reduce reliance on single-occupancy vehicles.

Employee Wellness and Retention: Enhance employee satisfaction and retention by offering innovative and health-promoting commuting alternatives.

Environmental Impact Reduction: Contribute to lowering carbon emissions and improving air quality in urban areas.

Areas of Specialization

E-Mobility Integration: Seamlessly incorporate e-bikes, e-scooters, and pedal bikes into corporate benefits programs.

Fleet Management: Offer comprehensive solutions including vehicle selection, maintenance, and support services.

Data Analytics: Provide organizations with insights into usage patterns, environmental impact, and program effectiveness.

Key Technologies Utilized

Vehicle Selection Platform: An online catalog featuring a curated selection of e-mobility vehicles from top brands.

Subscription Management System: A platform that handles subscription plans, billing, and user management.

Maintenance and Service Coordination: Integrated systems for scheduling and managing vehicle maintenance and servicing.

Primary Markets Targeted

Corporate Employers: Companies seeking to enhance employee benefits and promote sustainable commuting.

Public Sector Organizations: Government agencies aiming to reduce carbon footprints and improve urban mobility.

Urban Commuters: Individuals in metropolitan areas looking for efficient and eco-friendly transportation options.

Financials and Funding

Total Funds Raised

As of October 2025, Ridepanda has secured a total of $12.6 million in funding.

Recent Funding Rounds

October 2025: Ridepanda raised $12.6 million in a combination of growth equity and strategic debt financing. This round was led by the Bikeleasing Group, one of Europe's largest corporate-sponsored bike leasing providers, with participation from existing investors such as Blackhorn Ventures, Yamaha Motor Ventures, Proeza Ventures, Somersault Ventures, Oyster Ventures, and new partners CSC Leasing and Camber Road.

Notable Investors

Bikeleasing Group: A leading provider of sustainable cycling mobility and employee benefits in the German-speaking world.

Blackhorn Ventures: A venture capital firm focusing on sustainable and impactful investments.

Yamaha Motor Ventures: The venture capital arm of Yamaha Motor Company, investing in innovative mobility solutions.

Proeza Ventures: An investment firm supporting companies in the mobility and logistics sectors.

Somersault Ventures: A venture capital firm investing in early-stage companies with a focus on sustainability.

Oyster Ventures: An investment firm supporting innovative companies in the mobility space.

Utilization of Capital

The funds raised are intended to:

Expand the Enterprise Team: Increase staffing to support growth and enhance service delivery.

Accelerate Product Development: Enhance the platform's features and capabilities to better serve clients.

Scale the Platform: Meet the growing demand for sustainable commuting solutions across the United States.

Pipeline Development

Key Pipeline Candidates

Ridepanda's offerings include a diverse range of e-bikes, e-scooters, and pedal bikes from top brands such as Specialized, Giant, Diamondback, and Dahon. The company continually evaluates and adds new models to its portfolio to meet the evolving needs of its clients.

Stages of Development

Ridepanda's platform is fully operational, offering a seamless experience for both employers and employees. The company is focused on expanding its reach and enhancing its service offerings.

Target Conditions

The platform is designed to cater to various commuting needs, including urban commuting, last-mile connectivity, and recreational use.

Anticipated Milestones

Expansion into New Cities: Plans to launch operations in additional metropolitan areas over the next 24 months.

User Adoption Goals: Aiming to have 100,000 employees using Ridepanda's services by 2026.

Technological Platform and Innovation

Proprietary Technologies

Ridepanda Platform: A user-friendly interface for vehicle selection, subscription management, and service coordination.

Data Analytics Dashboard: Provides organizations with insights into usage patterns, environmental impact, and program effectiveness.

Significant Scientific Methods

Vehicle Evaluation Criteria: Rigorous assessment of vehicles based on safety, durability, and serviceability to ensure high-quality offerings.

Maintenance Protocols: Standardized procedures for vehicle maintenance and servicing to ensure reliability and longevity.

Leadership Team

Chinmay Malaviya – Co-founder & CEO

Chinmay brings extensive experience from his tenure at Lime, where he contributed to the growth and scaling of the company's operations. As CEO of Ridepanda, he focuses on strategic direction, partnerships, and overall company growth.

Charlie Depman – Co-founder & CTO

With a background in technology and operations from Bird and Scoot, Charlie leads Ridepanda's technological development, overseeing the platform's architecture, product development, and technical team.

Abhi Ramaswamy – Sales

Abhi is responsible for driving sales strategies, building client relationships, and expanding Ridepanda's market presence.

Adam Ambrozy – Sales

Adam focuses on sales operations, client acquisition, and ensuring customer satisfaction.

Alexis Podedworny – Marketing Manager

Alexis leads marketing initiatives, brand development, and communication strategies to enhance Ridepanda's visibility and engagement.

Andrea Miranda – Software Engineer

Andrea contributes to the development and maintenance of Ridepanda's platform, ensuring a seamless user experience.

Anthony Figueroa – Operations

Anthony manages operational processes, logistics, and service coordination to ensure efficient delivery of services.

Ashley Young – Customer Support Specialist

Ashley provides support to customers, addressing inquiries and ensuring a positive experience with Ridepanda's services.

Bari Gruber – Sales

Bari focuses on sales growth, client engagement, and expanding Ridepanda's reach in the market.

Brian Lee – Head of Operations

Brian oversees operational strategies, ensuring the smooth execution of services and operational excellence.

Carissa Lorenzo – Hub Staff

Carissa supports the daily operations of Ridepanda's physical locations, assisting with customer interactions and service delivery.