RushOwl Raises $10M Series A to Expand AI-Powered Ride-Sharing Across Asia
RushOwl, a Singapore-based smart mobility startup, has secured US$10 million in a Series A funding round to expand its AI-powered dynamic ride-sharing platform across Asia. The investment was led by Gobi Partners, with participation from the Hong Kong Investment Corporation Limited (HKIC), a government-backed entity focused on driving innovation and sustainability in the region. This funding will support RushOwl’s expansion into the Philippines, South Korea, and Malaysia, as well as the establishment of a new R&D center in Malaysia.
Founded in 2018 by Shin Ng (CEO), Songyan Ho (CTO), and Kris Lee (COO), RushOwl operates an AI-driven ride-sharing platform that aims to reduce carbon emissions and alleviate urban congestion. The company’s proprietary algorithm, RushOS, pools trip requests to optimize routing, resulting in shared, carbon-efficient journeys. This approach has led to a 30% reduction in commute times and a 50% decrease in carbon emissions compared to traditional transportation options.
RushOwl’s platform, accessible through its mobile app, RushTrail, currently serves over 250,000 users across Singapore, India, and Hong Kong. The company has facilitated more than 1.5 million rides and manages over 4,000 trips daily. Key partnerships with organizations such as Asia Pacific Breweries, CBRE, and Singapore’s Ministry of Education have contributed to RushOwl’s growth and adoption.
The Series A funding will enable RushOwl to scale its operations and further develop its technology. Plans include expanding its business-to-business sales team, licensing its RushOS platform to fleet operators, and enhancing its AI capabilities to support the integration of autonomous vehicles. The company’s long-term vision is to provide equitable access to transportation and contribute to the development of smart cities in Asia.
With the backing of prominent investors and a clear focus on sustainability and innovation, RushOwl is poised to play a significant role in the future of urban mobility in Asia.
