Valor backs Riderr, the software poised to improve climate goal achievement and health outcomes through its unique mobility platform.
Operating at the intersection of climate tech, greentech, and govtech, Riderr’s mission is to help cities recruit, track, and plan for cycling infrastructure through its software platform. The platform is designed to make cycling more accessible and enjoyable, as well as to promote healthy and sustainable modes of transportation and collaborates with individuals, businesses, and communities to create a culture of cycling. Riderr’s platform has already tracked over 1 million rides through its web app, and the mobile app is currently in beta on iOS with 500+ users.
Riderr’s proprietary machine learning technology can use the accelerometer to track if you are cycling, enabling the passive activity tracking of rides, a first for biking. By automatically tracking bike rides in the background without having to press start and stop, cities are able to leverage thousands of anonymized cycling data points to better understand ridership habits, areas for infrastructure improvement, and to scale their efforts. Riderr then centralizes these data points in a SaaS platform for city and company stakeholders to measure and manage.
Riderr’s core value proposition is based on long-term trends, such as climate change and poor health, that require ongoing investment in cycling infrastructure. In recent years enterprises, corporations, and governments have publicly pledged billions to achieve carbon neutrality, but few have deployed actionable plans to complete this goal. Riderr equips these stakeholders with the infrastructure and a low-friction avenue to begin their path to carbon neutrality. Data from the U.S. Federal Highway Administration shows that the U.S. government alone spent $1.4 billion on bike and pedestrian infrastructure in 2019. Early in 2022 through bipartisan efforts, the U.S. government directed a $4.1B spending increase for the Highway Safety Improvement Program to expand cycling and pedestrian infrastructure efforts in cities.
Founder Thomas Stokell brings vertically focused experience having been an operator, technologist, and biker of 20+ years. Having spent time leading marketing & social impact with HSC, along with launching startup experience with 90 Seconds and Civic Dinners. It was through these experiences Thomas recognized the opportunity to build something new, a scalable and impact-driven platform that gamified cycling while positively impacting global climate initiatives – ultimately leading to the creation of Riderr.
Riderr works. Through achieving measurable increases in bike riding, their technology has encouraged 626,000 people across 240 global cities to ride, more often, and for transportation. Just within the U.K., they’ve enabled a reduction of 23.4M lbs. of CO2 and are seeing ridership levels remain elevated year-round. Today, Riderr is also impacting change for global customers like the Atlanta Regional Commission and the City of Christ Church (New Zealand).
Catch a glimpse of the Riderr vision from this TedTalk with Thomas.
