Matrix

Matrix Partners is a venture capital firm established in 1977, with offices in San Francisco, Cambridge, Shanghai, Beijing, Mumbai, and Bangalore. The firm focuses on seed, early-stage, late-stage, and growth capital investments across various sectors, including software, communications, artificial intelligence, fintech, digital health, and clean technology. With a commitment to building long-term relationships with entrepreneurs, Matrix Partners aims to support visionary founders in developing significant, industry-leading companies. The firm has a strong track record, having participated in hundreds of investments, with many of its portfolio companies achieving successful IPOs or profitable mergers and acquisitions. The team at Matrix Partners combines local insights with global expertise, comprising both former entrepreneurs and seasoned investors.

Ben Altshuler

Partner

Tim Barrows

Partner

Diana Kimball Berlin

Partner

Rahul Chaudhary

Venture Partner

Pranay Desai

Managing Director

Phyllis Doherty

Administrative Partner

Paul J. Ferri

Co-Founder

Jacob Jolis

Partner

Patrick Malatack

Partner

Harry Man

Partner

Kojo Osei

Partner

Kun Qian

Managing Director

Brian Ru

Venture Partner

Varun Singhal

Senior Associate

Dana Stalder

General Partner

David Su

Founding Managing Partner

Ilya Sukhar

General Partner

Sun Linghao

Managing Partner

Huadong Wang

Partner

Kevin Xiong

Partner

Michael Zuo

Partner

T.J. Parker

Partner

Past deals in Transportation

Chalo

Venture Round in 2022
Chalo is a technology-driven platform that provides live bus tracking and contactless payment services to enhance public transportation for its users. The app allows riders to track buses in real time, informing them of arrival times at their respective stops, thereby eliminating the need to wait at bus stops. Chalo utilizes a proprietary algorithm to calculate live arrival times, improving the overall travel experience. Additionally, the platform offers an NFC-enabled touch-to-pay card, allowing users to store funds for seamless payments. This combination of features aims to make urban commuting more efficient and affordable.

Dray Alliance

Series B in 2021
Dray Alliance is a technology company focused on transforming the drayage trucking industry by providing a digital platform that simplifies and streamlines container delivery. Its platform connects shippers, carriers, and truckers in real time, enhancing transparency and predictability in the delivery process. By standardizing drayage rates, the company eliminates haggling, allowing for more efficient pricing. Dray Alliance also employs data-driven insights to check container availability, optimize return trips, and conduct performance reviews and random inspections of truckers. This approach not only fosters accountability among draymen but also enables import and export shippers to better plan and manage the transportation of goods from ports to warehouses. Overall, Dray Alliance seeks to reduce friction and improve the efficiency of container trucking operations.

Surpath

Seed Round in 2021
Surpath is an AI-driven cloud-based platform that formulates optimal supply chain solutions based on clients' needs. The firm provides cross-border transportation to destination services, optimized logistics, and analytics solutions that solve complex problems.

Space Transportation

Venture Round in 2021
Space Transportation designs and manufactures space transport systems intended to reduce space exploration costs. It specializes in developing reusable commercial space transport vehicles, aiming to reduce commercial launch costs associated with reentry and carrier recycling.

DST Car

Series C in 2021
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a Shenzhen-based company that specializes in the rental and maintenance of commercial electric vehicles (EVs) for both passenger and cargo transportation in China. Founded in 2015, the company also manufactures electric car charging stations, catering to the growing demand for sustainable transportation solutions. By focusing on the transportation and logistics industry, DiShangTie aims to facilitate the adoption of new energy vehicles in the region.

Dray Alliance

Series A in 2020
Dray Alliance is a technology company focused on transforming the drayage trucking industry by providing a digital platform that simplifies and streamlines container delivery. Its platform connects shippers, carriers, and truckers in real time, enhancing transparency and predictability in the delivery process. By standardizing drayage rates, the company eliminates haggling, allowing for more efficient pricing. Dray Alliance also employs data-driven insights to check container availability, optimize return trips, and conduct performance reviews and random inspections of truckers. This approach not only fosters accountability among draymen but also enables import and export shippers to better plan and manage the transportation of goods from ports to warehouses. Overall, Dray Alliance seeks to reduce friction and improve the efficiency of container trucking operations.

Li Auto

Series C in 2019
Lixiang, formerly known as Chehejia (“Car and Home”), is a Beijing-based electric vehicle startup that plans to disrupt the transportation and auto industries through complete vertical integration. It designs, researches, manufactures, sells, and offers services featuring a few models of electric vehicles. It makes products including smart EVs and electric SUVs to provide customers with longer crosstown journeys. Lixiang also offers rental services and Uber-like on-demand ride-hailing. It was founded in 2015.

Li Auto

Series C in 2019
Lixiang, formerly known as Chehejia (“Car and Home”), is a Beijing-based electric vehicle startup that plans to disrupt the transportation and auto industries through complete vertical integration. It designs, researches, manufactures, sells, and offers services featuring a few models of electric vehicles. It makes products including smart EVs and electric SUVs to provide customers with longer crosstown journeys. Lixiang also offers rental services and Uber-like on-demand ride-hailing. It was founded in 2015.

Fuyou Kache

Series D in 2018
Fuyoukache provides long distance truck logistics services to enterprises, individuals and large third-party logistics companies, connecting truck drivers with those in need of logistic services via its online platform.

DST Car

Series B in 2018
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a Shenzhen-based company that specializes in the rental and maintenance of commercial electric vehicles (EVs) for both passenger and cargo transportation in China. Founded in 2015, the company also manufactures electric car charging stations, catering to the growing demand for sustainable transportation solutions. By focusing on the transportation and logistics industry, DiShangTie aims to facilitate the adoption of new energy vehicles in the region.

DST Car

Series B in 2018
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a Shenzhen-based company that specializes in the rental and maintenance of commercial electric vehicles (EVs) for both passenger and cargo transportation in China. Founded in 2015, the company also manufactures electric car charging stations, catering to the growing demand for sustainable transportation solutions. By focusing on the transportation and logistics industry, DiShangTie aims to facilitate the adoption of new energy vehicles in the region.

DST Car

Series A in 2018
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a Shenzhen-based company that specializes in the rental and maintenance of commercial electric vehicles (EVs) for both passenger and cargo transportation in China. Founded in 2015, the company also manufactures electric car charging stations, catering to the growing demand for sustainable transportation solutions. By focusing on the transportation and logistics industry, DiShangTie aims to facilitate the adoption of new energy vehicles in the region.

DST Car

Series A in 2018
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a Shenzhen-based company that specializes in the rental and maintenance of commercial electric vehicles (EVs) for both passenger and cargo transportation in China. Founded in 2015, the company also manufactures electric car charging stations, catering to the growing demand for sustainable transportation solutions. By focusing on the transportation and logistics industry, DiShangTie aims to facilitate the adoption of new energy vehicles in the region.

Li Auto

Series B in 2018
Lixiang, formerly known as Chehejia (“Car and Home”), is a Beijing-based electric vehicle startup that plans to disrupt the transportation and auto industries through complete vertical integration. It designs, researches, manufactures, sells, and offers services featuring a few models of electric vehicles. It makes products including smart EVs and electric SUVs to provide customers with longer crosstown journeys. Lixiang also offers rental services and Uber-like on-demand ride-hailing. It was founded in 2015.

Huangbaoche

Series C in 2018
Huangbaoche is a travel service that specializes in offering tour packages and booking options for outbound Chinese tourists. The company operates a platform featuring over 100,000 Chinese-speaking drivers and tour guides who facilitate various services, including airport pick-up, chartered car rentals, and guided tours. Huangbaoche covers more than 1,500 travel destination cities across 80 countries, catering specifically to the needs and preferences of Chinese-speaking travelers.

Didi

Private Equity Round in 2018
Didi Chuxing is a mobile transportation platform that offers app-based transportation services. The company offers a mobile tech-based mobility option for users across, including taxi hailing, private car-hailing, Hitch (social ride-sharing), DiDi Chauffeur, DiDi Bus, DiDi Test Drive, DiDi Car Rental, and DiDi Enterprise Solutions. As a practitioner in the sharing economy initiative, DiDi is committed to working with communities and partners to solve transportation, environmental challenges, and employment problems using big data-driven deep-learning algorithms that optimize resource allocation. Bo Zhang and Wei Cheng established the company in 2012 in Beijing, Beijing.

Didi

Private Equity Round in 2018
Didi Chuxing is a mobile transportation platform that offers app-based transportation services. The company offers a mobile tech-based mobility option for users across, including taxi hailing, private car-hailing, Hitch (social ride-sharing), DiDi Chauffeur, DiDi Bus, DiDi Test Drive, DiDi Car Rental, and DiDi Enterprise Solutions. As a practitioner in the sharing economy initiative, DiDi is committed to working with communities and partners to solve transportation, environmental challenges, and employment problems using big data-driven deep-learning algorithms that optimize resource allocation. Bo Zhang and Wei Cheng established the company in 2012 in Beijing, Beijing.

Maven

Seed Round in 2017
Maven is a car-sharing service developed by General Motors, launched in January 2016 in Ann Arbor. The service offers a self-service platform that provides a diverse fleet of vehicles, ranging from small to large automobiles, accessible through a mobile application. Users can rent cars on an hourly basis and complete their trips in designated parking spaces. Maven’s pricing model includes costs for fuel, insurance, parking, and maintenance, making it a comprehensive solution for urban mobility. The company aims to continuously innovate its services and technology to enhance the user experience and meet the evolving needs of its customers.

Yunniao

Series D in 2017
Yunniao was established in November 2014 to provide regional and city distribution business for the B2B, O2O, chain stores, distributors, brands, manufacturers, LTL network and supply chain management companies besides other customers.

Huangbaoche

Series B in 2017
Huangbaoche is a travel service that specializes in offering tour packages and booking options for outbound Chinese tourists. The company operates a platform featuring over 100,000 Chinese-speaking drivers and tour guides who facilitate various services, including airport pick-up, chartered car rentals, and guided tours. Huangbaoche covers more than 1,500 travel destination cities across 80 countries, catering specifically to the needs and preferences of Chinese-speaking travelers.

Ofo

Series C in 2016
Ofo operates a station-free bike-sharing platform that addresses the "last mile" transportation issue by offering an eco-friendly solution for short-distance travel. The service is accessible through a mobile application, allowing users to easily unlock bikes by scanning QR codes or entering bike plate numbers. With over 10 million bikes connected to more than 200 million users across 250 cities in over 20 countries, Ofo facilitates over 32 million daily transactions, providing a total of over 6 billion rides. The platform's flexibility allows users to park bikes anywhere that is convenient and accessible for others. In addition to enhancing urban mobility, Ofo is committed to sustainability and has partnered with the UN Development Programme to promote green living. The company has also collaborated with the Clara Lionel Foundation to support educational initiatives for schoolgirls in Malawi by providing bikes and scholarships.

Ofo

Series B in 2016
Ofo operates a station-free bike-sharing platform that addresses the "last mile" transportation issue by offering an eco-friendly solution for short-distance travel. The service is accessible through a mobile application, allowing users to easily unlock bikes by scanning QR codes or entering bike plate numbers. With over 10 million bikes connected to more than 200 million users across 250 cities in over 20 countries, Ofo facilitates over 32 million daily transactions, providing a total of over 6 billion rides. The platform's flexibility allows users to park bikes anywhere that is convenient and accessible for others. In addition to enhancing urban mobility, Ofo is committed to sustainability and has partnered with the UN Development Programme to promote green living. The company has also collaborated with the Clara Lionel Foundation to support educational initiatives for schoolgirls in Malawi by providing bikes and scholarships.

oTMS

Series B in 2016
oTMS Inc. is a cloud-based logistics planning software provider based in Shanghai, China. Established in 2011, the company offers a range of solutions designed to enhance transportation management and logistics efficiency. Its flagship products include FreightPartner, a platform that connects shippers and carriers for logistics bidding; oneTMS, which integrates manufacturers, carriers, and retailers for shipment management; and Orange, a transport outsourcing service that provides various customer benefits. Additional offerings include oneInsurance, a transport insurance solution; Dock Appointment, which facilitates scheduling for pickups and deliveries; and Handshake, a digital pickup solution. oTMS also features a truck tracker application for drivers, enabling real-time shipment tracking and location services. The company serves multiple industries, including retail, automotive, and pharmaceuticals, aiming to create a comprehensive, user-friendly platform that streamlines the logistics process while improving customer service and reducing costs.

Ridlr

Series B in 2016
Ridlr is a public transport application that offers real-time information on buses, trains, metros, and monorails in various Indian cities, including Mumbai, Bengaluru, and Delhi. Founded in 2010 and headquartered in Mumbai, the app is designed to facilitate daily intra-city travel by providing live timings, online ticketing services, and route optimization. Users can easily access real-time traffic updates and find the quickest and most convenient routes across the city's transit system, making their commuting experience more efficient and convenient. Since April 2018, Ridlr has operated as a subsidiary of ANI Technologies Private Limited, enhancing its service offerings in the realm of public transport.

Yunniao

Series C in 2016
Yunniao was established in November 2014 to provide regional and city distribution business for the B2B, O2O, chain stores, distributors, brands, manufacturers, LTL network and supply chain management companies besides other customers.

123Feng

Series A in 2015
123Feng operates an online platform and provides courier delivery services. It provides last mile delivery services to O2O (online-to-offline) companies, restaurants, and fast VIP personal delivery services. 123Feng began operation in 2014. It has its headquarters in Hangzhou in China.

Yunniao

Series B in 2015
Yunniao was established in November 2014 to provide regional and city distribution business for the B2B, O2O, chain stores, distributors, brands, manufacturers, LTL network and supply chain management companies besides other customers.

oTMS

Series C in 2015
oTMS Inc. is a cloud-based logistics planning software provider based in Shanghai, China. Established in 2011, the company offers a range of solutions designed to enhance transportation management and logistics efficiency. Its flagship products include FreightPartner, a platform that connects shippers and carriers for logistics bidding; oneTMS, which integrates manufacturers, carriers, and retailers for shipment management; and Orange, a transport outsourcing service that provides various customer benefits. Additional offerings include oneInsurance, a transport insurance solution; Dock Appointment, which facilitates scheduling for pickups and deliveries; and Handshake, a digital pickup solution. oTMS also features a truck tracker application for drivers, enabling real-time shipment tracking and location services. The company serves multiple industries, including retail, automotive, and pharmaceuticals, aiming to create a comprehensive, user-friendly platform that streamlines the logistics process while improving customer service and reducing costs.

Edaijia

Series D in 2015
Edaijia, Inc. is a Beijing-based company that specializes in mobile applications designed to connect users with temporary drivers. Launched in 2011, the platform allows consumers to make reservations for designated drivers, particularly after drinking or during other occasions when transportation is necessary. In addition to facilitating driver reservations, Edaijia also offers driver screening and insurance services to ensure safety and reliability for its users. The company aims to provide a secure and convenient solution for individuals seeking safe transportation options.

oTMS

Series A in 2014
oTMS Inc. is a cloud-based logistics planning software provider based in Shanghai, China. Established in 2011, the company offers a range of solutions designed to enhance transportation management and logistics efficiency. Its flagship products include FreightPartner, a platform that connects shippers and carriers for logistics bidding; oneTMS, which integrates manufacturers, carriers, and retailers for shipment management; and Orange, a transport outsourcing service that provides various customer benefits. Additional offerings include oneInsurance, a transport insurance solution; Dock Appointment, which facilitates scheduling for pickups and deliveries; and Handshake, a digital pickup solution. oTMS also features a truck tracker application for drivers, enabling real-time shipment tracking and location services. The company serves multiple industries, including retail, automotive, and pharmaceuticals, aiming to create a comprehensive, user-friendly platform that streamlines the logistics process while improving customer service and reducing costs.

Edaijia

Series C in 2014
Edaijia, Inc. is a Beijing-based company that specializes in mobile applications designed to connect users with temporary drivers. Launched in 2011, the platform allows consumers to make reservations for designated drivers, particularly after drinking or during other occasions when transportation is necessary. In addition to facilitating driver reservations, Edaijia also offers driver screening and insurance services to ensure safety and reliability for its users. The company aims to provide a secure and convenient solution for individuals seeking safe transportation options.

123Feng

Angel Round in 2014
123Feng operates an online platform and provides courier delivery services. It provides last mile delivery services to O2O (online-to-offline) companies, restaurants, and fast VIP personal delivery services. 123Feng began operation in 2014. It has its headquarters in Hangzhou in China.

Ridlr

Series A in 2013
Ridlr is a public transport application that offers real-time information on buses, trains, metros, and monorails in various Indian cities, including Mumbai, Bengaluru, and Delhi. Founded in 2010 and headquartered in Mumbai, the app is designed to facilitate daily intra-city travel by providing live timings, online ticketing services, and route optimization. Users can easily access real-time traffic updates and find the quickest and most convenient routes across the city's transit system, making their commuting experience more efficient and convenient. Since April 2018, Ridlr has operated as a subsidiary of ANI Technologies Private Limited, enhancing its service offerings in the realm of public transport.

Ola

Series B in 2013
Ola is a mobile technology platform based in India that connects passengers with a variety of transportation options, including cabs, auto-rickshaws, bikes, and shuttle buses. Founded by Ankit Bhati and Bhavish Aggarwal in December 2010, the company operates its services through a mobile application available on Windows, Android, and iOS platforms. Ola's platform is designed to provide convenient and transparent ride-hailing services, enabling users to book city taxis, outstation travel, car rentals, and corporate travel. With its headquarters in Bengaluru and additional offices across the country, Ola aims to enhance urban mobility by offering a broad network of transportation solutions. Additionally, Ola Café focuses on delivering food from top-rated local restaurants to customers within 20 minutes, further diversifying the company’s offerings.

Kuaidi Dache

Series B in 2013
Kuaidi Group, as the most technologically integrated and largest car service company in the world, is rapidly transforming the concept of moving people – starting in China. The app combines integrated mapping and third party payment technology to make its service accessible to everybody, and provides over 1 million taxis and a variety of standard and luxury cars for all lifestyles. To ensure the service fits smoothly into urban life, Kuaidi has developed a framework is that is adaptable to other platforms in China, and works in partnership with China’s government and regulators instead of against them. In a country where only 18% of per capita car ownership, Kuaidi is clearly meeting an important need. Kuaidi’s unique business model has attracted 100m registered users in over 300 cities, fulfilling 6 million requests per day. To optimize its services and go beyond customer expectations Kuaidi has secured partnerships with Alipay, Ctrip, AutoNavi, Baidu Maps, Qunar, and Beijing’s ‘96106’ government official platform.

51edj

Venture Round in 2012
Beijing Yixin Yixing Automobile Technology Development Service Co., Ltd. offers "Time Fragment Service" that searches for valuable free time of people or assets in order to integrate fragmentary time with more humanization and form an economic and practical e-designated driving operation system. It is a designated driving service aimed at reforming and reducing cost and time.

51edj

Seed Round in 2012
Beijing Yixin Yixing Automobile Technology Development Service Co., Ltd. offers "Time Fragment Service" that searches for valuable free time of people or assets in order to integrate fragmentary time with more humanization and form an economic and practical e-designated driving operation system. It is a designated driving service aimed at reforming and reducing cost and time.

ZuzuChe

Series A in 2011
ZuzuChe.com is an online taxi search website in China which was founded in Guangzhou in 2011. Business users can use zuzuche.com to search car rental information for designated driving, car chartering, and wedding celebrations in more than 200 cities in China. It aims to provide favorable renting search and booking services for overseas regions, giving business users many different travel choices. With convenient, humanized, and advanced search technology, zuzuche.com integrates information about car renting from the internet and provides users with real-time car renting price checks and comparisons.

FedEx

Post in 1995
FedEx Corporation is a global leader in transportation, e-commerce, and business services. The company operates several segments, including FedEx Express, which specializes in expedited shipping of packages and freight, and FedEx Ground, which offers reliable ground delivery services for both businesses and residential customers. FedEx Freight provides less-than-truckload shipping solutions, while FedEx Office delivers various printing and shipping management services. Additionally, the company offers a range of logistics and supply chain management solutions, including customs brokerage and freight forwarding. With a strong emphasis on safety and customer service, FedEx has built a reputation as a trusted employer and service provider. Founded in 1971 and headquartered in Memphis, Tennessee, FedEx continues to innovate in the shipping industry, exemplified by its acquisition of TNT Express in 2016, which expanded its operations in Europe.
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