Waave Mobility

Waave Mobility

United StatesUnited States
•Seed•Founded 2023•Updated 1 month ago
AI/MLMobility techRidesharingAutomotiveLogisticsSupply chain technologyB2B1-5 employees
Immigrant FounderImmigrant FounderImpact FounderImpact FounderSerial EntrepreneurSerial Entrepreneur

About

Waave is the air traffic control for urban mobility. The AI that decides in real time what every vehicle should do next. Cities don’t have a supply problem - they have a coordination problem. Waave connects fleets to our AI that routes demand and positions vehicles across every demand source to maximize utilization. We’re live in Boston with 160,000+ rides - $5M GMV and zero subsidies.

Traction & Metrics

Users & Clients

3K

Users

30

Clients

2.4K

MAU

600

WAU

100

DAU

5%

User Growth (MoM)

5%

User Growth (QoQ)

0%

Churn Rate

Financial

$160K

MRR

$2.5M

ARR

5%

Revenue Growth (MoM)

5%

Revenue Growth (QoQ)

$0

CAC

Fundraising

$520K

Previous Round

Team

Daniel Iger

Daniel Iger

Founder & CEO

Dan Petrescu

Dan Petrescu

Lead engineer

Ken Barrett

Ken Barrett

Business Development

Products

One vehicle. Multiple revenue streams.

One vehicle. Multiple revenue streams.

Waave routes demand from multiple sources to the same vehicle throughout the day — turning low-utilization taxis into highly productive assets. This is what the neutral AI decision layer looks like in real life.

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Waave – AI Decision Layer for urban mobility

Waave – AI Decision Layer for urban mobility

Waave is the neutral AI decision layer for urban mobility. It decides in real time what every vehicle should do next — routing demand from Uber, MTA, hospitals, hotels and street hail to licensed fleets. This dramatically increases utilization and revenue per vehicle. We own neither supply nor demand, which is our moat.

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Updates

Investors secured

Investors secured

Round is 2/3 full with $2M committed, raising the final $1M.