Menu

Sep 2019

Written by

Mountain Partners

Urbvan Raises $9 Million for its Private Shuttle Service in Mexico

As cities in emerging markets grapple with increasingly traffic-clogged and dangerous streets, Urbvan, a startup providing private, high-end transportation shuttles in Mexico, has raised $9 million in a new round of financing.

The company started operating back in 2016. At the time it had five vans that it leased and retrofitted to include amenities like Wi-Fi and plenty of space for a limited number of passengers. The company has expanded significantly since those early days. It now claims more than 15,000 monthly users and a fleet of 180 vans. Urbvan is currently operating in Mexico City and Monterrey, but has plans to expand into Guadalajara later this year.

You can find the article at this address.

https://www.urbvan.com/