Richard Branson Invests in Sidecar

Richard Branson, founder of the Virgin Group, is now one of the investors for Sidecar. Photo via Wikimedia.
Richard Branson, founder of the Virgin Group, is now one of the investors for Sidecar. Photo via Wikimedia.

To help support its expansion nationwide, Sidecar — a San Francisco-based ride-sharing company that uses a mobile app to match riders with drivers — has raised $15 million in funding from investors, including Virgin Group Founder Sir Richard Branson.

Other investors include Avalon Ventures, Google Ventures and Union Square Ventures, according to the company website.

Sidecar recently introduced its Shared Rides program in San Francisco, which matches users with a nearby rider heading your way for 50% off, says the company website.

Currently, Sidecar operates in nine U.S. cities, including San Francisco, Los Angeles, Seattle and Chicago.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Understanding The Fleetification of Everything

As fleet miles increase exponentially, and as new stratum of fleet enter both consumer and business use cases, the "founding fathers" who gathered at Fleet Forward in Miami last week have some work to do.

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Job Finder: Access Top Talent. Fill Key Positions.

>