Herbst Kinsky has advised the shareholders of Austrian mobility start-up Carployee on the sale of their company to California-based RideAmigos.
Financial details were not disclosed.
According to Herbst Kinsky, the transaction will serve the companies’ common goal to optimize commuter flows through artificial intelligence and behavioral research and marks RideAmigos' entry into the European market. According to a company press release, Carployee will continue operating from its Linz headquarters as its team is integrated into Santa Monica-based RideAmigos.
Founded in 2018, Carployee develops carpooling app software for companies, business parks, and universities. Its customers include Rosenbauer, LKW Walter, Stihl, Mercedes Benz Poland, and the Swiss AMAG.
According to the company, RideAmigos provides mobile and web-based commuter engagement solutions, with its clients consisting of businesses such as LinkedIn, Patagonia, Rivian, as well as states and regions like the San Francisco Bay and Denver-Boulder.
"While carpooling is a good start, we are all committed to empowering people to make better commute decisions across all modes. The opportunity to do that on a global scale with a like-minded and experienced team made this a perfect match and an easy decision," commented Carployee CEO Albert Vogl-Bader.
The Herbst Kinsky team was led by Partner Philipp Kinsky and Attorney at Law Carl Walderdorff and included Associate Carmen Walser.
The firm did not respond to our inquiry on the matter.