Back to Investors
LC

Low Carbon Innovation Fund

Venture Capital

Portfolio

1

companies


Portfolio companies

R

RideTandem

RideTandem connects workers in transport deserts with sustainable shared commuter solutions.


Recent investments

Seed
£2.3M

The investment round was led by Blackfinch Ventures and will support international expansion.

"Even before the cost-of-living crisis hit, public transport outside of big cities was broken – expensive, unreliable, or simply not there for people who need it. Almost 5,000 bus services – more than one in four – were axed between 2012 and 2022. Many that remain, especially outside cities and large towns, are under threat from the recent end of the Bus Recovery Grant. Too many people are left with a stark choice – car ownership, which is itself increasingly prohibitively expensive, or simply not working. That’s not right – it’s not good for individuals and their families, and their social mobility and mental health, or for communities more broadly, and it’s not good for the economy."
— Alex Shapland-Howes, Co-founder and CEO
Seed
£1.8M

The seed round was led by 1818 Venture Capital to support product and engineering recruitment.

"We met some fathers in a small town outside Rochdale. Hearing their experience of transport poverty – they were looking for work, there were opportunities just a 15-minute drive away, but they couldn’t drive and there was no viable way to get there by public transport – was mind-blowing."
— Alex Shapland-Howes, Co-founder and CEO