Spare closed $30M Series B round

Spare secured $42 million CAD in a Series B funding round. The round was led by Inovia Capital, with participation from existing investors Kensington Capital and Nicola Wealth.

Spare provides mobility operations software, offering an AI-powered platform for on-demand transit, paratransit, and microtransit services. The company plans to use the new capital to expand its global reach, accelerate the development of its AI-driven platform, and meet the growing demand for innovative transit solutions, particularly in the paratransit sector.