PickTaxi Rides the Future: Secures $45M in Series B Funding to Revolutionize Global Taxi Services

PickTaxi, the cutting-edge automated location-based taxi booking service accessible via smartphones and the web, has successfully raised $45,000,000 in its latest round of funding. This significant investment not only reflects strong investor confidence in PickTaxi’s innovative approach to modernizing the taxi industry worldwide but also lays a robust foundation for the company’s expansion and technological enhancements. At the heart of PickTaxi’s value proposition lies its sophisticated matching algorithms that optimize connections between riders and taxis, ensuring swift and efficient service tailored to the unique demands of diverse cities. This influx of capital will be instrumental in further developing and refining PickTaxi’s dual-platform suite: the direct user-to-driver solutions (Packtaxi Mobile and Packtaxi Web) and the comprehensive taxi fleet management system, PickTaxi Fleet. By investing in the expansion of both its mobile and web-based platforms, PickTaxi aims to enhance real-time communication, negotiations, and interactions between users and drivers, ensuring a seamless and intuitive experience for all parties involved. In addition, the funding will drive further innovations in fleet management capabilities, including real-time vehicle tracking, fuel management, and data analytics across multiple devices—from native Android and iPhone apps to versatile HTML5 versions. With a clear mission to modernize the traditional taxi industry and to address the intricacies of urban transport with tailored solutions, PickTaxi is poised to lead a technological revolution, promising not only enhanced service efficiency but also a more connected and accessible transportation network on a global scale. This funding milestone marks a pivotal moment for the company as it accelerates into its next phase of development and expansion.