RushOwl has successfully raised US$10 million in Series A funding to expand its AI-driven ride-sharing platform focused on sustainable transportation solutions.

Target Information

RushOwl is a Singapore-based ride-sharing platform founded in 2018 by Shin Ng, Songyan Ho, and Kris Lee. The company has established itself as a leader in eco-friendly transportation solutions through its innovative AI-driven technology. With a primary focus on reducing carbon emissions, RushOwl has powered over 1.5 million rides and currently manages more than 4,000 trips daily, primarily serving staff and students via its mobile app, RushTrail, which enhances commuting efficiency by offering routes that are 30% shorter than traditional public transport.

The platform's advanced dynamic routing algorithm, known as RushOS, enables shared journeys that significantly decrease mileage and carbon emissions, with each shared ride effectively removing over three vehicles from the road. RushOwl operates in Singapore, India, and Hong Kong, with ambitions to expand into markets such as the Philippines, South Korea, and Malaysia, alongside the establishment of a new R&D center in Malaysia.

Industry Overview

Singapore's ride-sharing industry is witnessing rapid growth, driven by urbanization and the increasing demand for sustainable transportation options. The government has actively promoted smart mobility initiatives aimed at enhancing public tran