Lumi Ride Pty Ltd

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Lumi Ride Pty Ltd - overview

Established

2020

Location

Sandringham, -, Australia

Primary Industry

Transportation Services

About

Based in Victoria, Australia, Lumi Ride Pty Ltd offers accessible ride services with an emphasis on pre-booked transportation solutions, catering to diverse clients including those in disability services and aged care. Lumi Ride Pty Ltd, founded in 2020, is located in Sandringham, Australia. The company specializes in providing ride services tailored for local communities. The CEO is Scott Reimers and the founder is Carl Breitenbach, who has a background in innovative transportation solutions.


The company has secured one investment deal, though specific details were not disclosed. Lumi Ride specializes in providing exceptional and accessible ride services tailored for local communities, with a strong emphasis on pre-booked transportation solutions. Their main offering eliminates common ride-sharing inconveniences such as waiting times and surge pricing, ensuring that customers receive guaranteed rides consistently. Lumi Ride serves a diverse client base that includes individuals utilizing disability services, aged care facilities, and government health organizations, as they are a registered NDIS provider.


The company prioritizes accessibility and sustainability, operating in various geographical markets across Australia. Lumi's fleet consists of clean, safe, and sustainable vehicles, all driven by extensively screened drivers who undergo rigorous training to uphold service quality. Lumi Ride generates revenue through its pre-booked ride service model, which operates on a transparent pricing structure. Clients can schedule rides in advance, ensuring consistency in service delivery and customer satisfaction.


The company’s transaction structure is primarily direct-to-consumer, where individuals and organizations pay for rides based on set pricing without hidden fees. This pricing model includes various plans catering to different customer needs, including those requiring regular transport services. Lumi's commitment to duty of care and accessible transport solutions fosters strong customer relationships, potentially leading to repeat business and stable revenue streams. Lumi Ride plans to utilize its recent funding from Department of the Future Ventures to support the development of new products and enhance service delivery.


The company is looking to expand into new markets across multiple Australian states, targeting locations with a higher demand for accessible transport solutions by the end of 2024.


Current Investors

Department of the Future Ventures

Primary Industry

Transportation Services

Sub Industries

Courier & Delivery Services, Car Hire Services, Systems Management Software

Website

www.lumiride.com

Verticals

Artificial Intelligence, Cloud Computing, Mobile Apps

Total Amount Raised

Subscriber access only

Lumi Ride Pty Ltd - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
LP DirectCompletedLumi Ride Pty Ltd-

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Lumi Ride Pty Ltd - employee data

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