SPLT (Splitting Fares)

What SPLT (Splitting Fares) does

SPLT (Splitting Fares, Inc.) is a Michigan-incorporated, enterprise-focused carpooling platform that connects coworkers within the same organization to share commutes via iOS and Android apps and a web dashboard. The platform was originally founded in 2014 in New York as a peer-to-peer ride-splitting app, then pivoted in 2015 to B2B enterprise carpooling through the Techstars Mobility accelerator in Detroit. Its core technical stack comprises mobile apps built on React Native with a PHP/Laravel backend and JavaScript/AngularJS frontend, with an integrated coworker-matching algorithm, GPS-based ride tracking, secure in-app messaging, cashless reimbursement tools (Stripe and PayPal), and sustainability metrics dashboards tracking CO2, gas, miles, and rides.

SPLT monetizes through (a) annual enterprise subscriptions sold via direct field sales to large corporations, hospitals, and universities, and (b) managed-services/transaction fees on its Non-Emergency Medical Transportation (NEMT) offering delivered in partnership with Lyft, where SPLT handles scheduling, insurance/Medicare reimbursement, and reporting while Lyft supplies drivers. Named enterprise customers include DTE Energy, Magna International, Honda Manufacturing of Ohio, Beaumont Health, Henry Ford Health, and (post-acquisition) BP. Vertical focus shifted from large corporations to also include healthcare systems and municipalities, leveraging public-private partnerships.

In February 2018, SPLT was acquired by Robert Bosch GmbH and integrated into Bosch's newly established Connected Mobility Solutions division, with founder Anya Babbitt continuing to lead the business. Pre-acquisition funding totaled approximately $2.09M across grants, competition prizes, and equity rounds from Fontinalis Partners, Verizon Ventures, Ann Arbor SPARK, InMotion Ventures (Jaguar Land Rover), Resurgent Ventures, and the Michigan Department of Transportation. No revenue was publicly disclosed; analysts should treat financial figures as pre-revenue to sub-$1M during the period of independent operation, with NEMT scale-up via Lyft as the primary projected growth lever.

Name

SPLT (Splitting Fares)

Legal name

Splitting Fares Inc.

Website

https://splt.io

Company type

Private

Founded year

2014

Operating status

Acquired

Headcount range

11–50 employees

Short description

SPLT is an enterprise B2B carpooling platform connecting coworkers within the same organization to share commutes, targeting large corporations, healthcare systems, and universities, with a separate non-emergency medical transportation (NEMT) module delivered via a Lyft partnership. Acquired by Bosch in February 2018.

Ownership category

akta.pro rank

Product category

Enterprise Carpooling Software

NAICS

Special Needs Transportation (485991), Other Transit and Ground Passenger Transportation (48599)

SIC

Local & Suburban Transit & Interurban Hwy Passenger Trans (4100), Transportation Services (4700)

akta.pro primary industry

Non-Emergency Medical Transportation (NEMT) Providers (TLAFAKAB)

akta.pro secondary industry

Managed Transportation Programs (Health Plans/MCOs/TPAs) (TLAFAKAF)

Keywords

• Enterprise carpooling
• Ridesharing platform
• Employee commute management
• Non-emergency medical transport
• Corporate mobility solutions

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Enterprise Carpooling Platform: B2B enterprise carpooling platform connecting co-workers to share commutes. Revenue generated from enterprise subscriptions and transaction fees from carpool arrangements facilitated through the platform.
2. Non-Emergency Medical Transportation (NEMT): Partnership with Lyft to provide NEMT services to healthcare systems. SPLT handles scheduling, insurance reimbursement, Medicare qualifications, and reporting while Lyft provides drivers.
3. Healthcare Transportation: SPLT expanded into healthcare transportation services with separate platform at spltrides.com for patient transportation to medical appointments

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels12 records

Core offering

SPLT provides an enterprise carpooling platform that connects co-workers within the same organization to share rides to and from work via mobile (iOS/Android) and web apps. Employees can see potential matches before accepting rides and communicate securely in-app. The platform also extends into non-emergency medical transportation through a partnership with Lyft, enabling healthcare systems to coordinate patient rides with scheduling, insurance/Medicare reimbursement, and reporting handled by SPLT.

Product overview

SPLT is an enterprise-first carpooling platform that operates as a unified mobile and web-based solution. The core product is the SPLT Enterprise Carpooling Platform, which enables organizations to offer employee carpooling programs with matching, messaging, and reimbursement features. An additional module, SPLT Healthcare Transportation, extends the platform to non-emergency medical transport. In February 2018, SPLT was acquired by Bosch and now operates as part of Bosch's Connected Mobility Solutions division. The company primarily serves corporate clients (DTE Energy, Magna, Honda, Bosch Mexico), healthcare systems (Beaumont Health, Henry Ford Health), and has expanded to serve universities and municipalities.

Differentiator

Problem solved

Functional benefit

Products and services

• SPLT Enterprise Carpooling Platform Mobile (iOS/Android) and web-based enterprise carpooling solution that connects coworkers within the same organization to share rides to and from work. Features include real-time route-based matching, the ability to see matches prior to accepting rides, secure in-app messaging, cashless reimbursement tools, and sustainability metrics tracking (CO2, gas, miles saved, rides). Targeted at corporations, universities, and municipalities seeking to reduce commuting costs, parking demand, and emissions.
• SPLT Healthcare Transportation (NEMT) Non-Emergency Medical Transportation service that coordinates patient rides to medical appointments through a partnership with Lyft. SPLT handles scheduling, insurance and Medicare qualification, reimbursement software, and reporting for healthcare systems, while Lyft provides the drivers. Launched with Beaumont Health and expanded to Henry Ford Health.

Quantifiable outcome

• $5,000 annual savings per moderate user on commuting costs
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Twelve partnerships are on record, tiered pilot, core, flagship, major and minor.

• BPpilotChannel Partner/ Reseller/ Distributor · 22 June 2018BP launched a six-month pilot program with SPLT for employee carpooling, supporting sustainability goals.
• BoschcoreOEM/ Whitelabel/ Licensing Partner · 21 February 2018Bosch acquired SPLT in February 2018 and established a new Connected Mobility Services division. SPLT became part of Bosch's mobility services strategy, allowing the automotive supplier to enter the ridesharing market and expand its mobility-as-a-service offerings.
• LyftcoreStrategic or Co-development Partner · 8 August 2016SPLT partnered with Lyft to provide Non-Emergency Medical Transportation (NEMT) services, starting with Beaumont Health patients in Michigan. SPLT handles scheduling, insurance reimbursement, Medicare qualifications, and reporting while Lyft provides drivers. This partnership enabled SPLT to expand into healthcare transportation while allowing Lyft to focus on core business.
• Techstars MobilitycoreStrategic or Co-development Partner · 1 September 2015SPLT participated in Techstars Mobility '15 accelerator based at Ford Field in Detroit. The program provided mentorship from mobility and automotive industry leaders, $120,000 in funding from Fontinalis Partners and Verizon Ventures, and connections to major automotive companies including Ford.
• DTE EnergyflagshipChannel Partner/ Reseller/ DistributorFirst major enterprise customer for SPLT's corporate carpool platform. DTE Energy employees use SPLT to share commute rides, saving approximately $5,000 per year per moderate user.
• Magna InternationalflagshipChannel Partner/ Reseller/ DistributorGlobal automotive supplier launched pilot carpool platform with SPLT for Metro Detroit employees.
• Honda Manufacturing of OhiomajorChannel Partner/ Reseller/ DistributorEnterprise carpool platform customer for Honda manufacturing employees in Ohio.
• Henry Ford HealthmajorChannel Partner/ Reseller/ DistributorHealthcare system partnered with SPLT and Lyft to provide patient transportation to medical appointments, expanding NEMT services.
• EFN's iCatalystscoreStrategic or Co-development PartnerVenture accelerator that has impacted 120+ ventures which have raised more than $150 million combined. SPLT participated and pitched at EFN's Young Tech Leaders Investment Forum in Palo Alto.
• Ford Motor CompanycoreStrategic or Co-development PartnerFord featured SPLT at their Smart Mobility display at CES 2016 as part of Techstars Mobility representation. SPLT participated in discussions with Bill Ford about future of mobility.
• Shared Use Mobility Center (SUMC)minorStrategic or Co-development PartnerSPLT partnered with SUMC and CEO Anya Babbitt spoke at SUMC's Shared-Use Mobility Summit about expanding shared mobility access. SUMC provided mentorship and introduced SPLT to industry connections.
• NextEnergyminorStrategic or Co-development PartnerDetroit-based clean tech accelerator and mentor organization that recognized SPLT as a mobility leader and supported their participation in competitions.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Modivcare: Modivcare (formerly LogistiCare) is the largest U.S. NEMT managed-care transportation provider, serving Medicaid and Medicare health plan members nationwide. Competes directly with SPLT's NEMT vertical but with established broker relationships, call centers, and deep regulatory expertise.
• Lyft Business: Lyft's enterprise arm provides corporate transportation, concierge services, and healthcare (Lyft Healthcare) including NEMT. Strategic partner to SPLT but also a potential competitor given overlapping enterprise and NEMT capabilities.
• Uber for Business: Uber's enterprise division provides managed ground transportation to corporations, including corporate ride vouchers and analytics dashboards. A much larger incumbent that overlaps with SPLT's enterprise mobility ambitions and could expand into coworker carpooling.

Emerging players

• HopSkipDrive: HopSkipDrive provides managed transportation for students and vulnerable populations, with a CareDriver network and focus on school districts and healthcare appointments. Compares to SPLT on managed-transportation business model and healthcare/special-needs use cases.
• Via Transportation: Via provides shared-ride microtransit and on-demand shuttle services for cities, employers, and transit agencies. Compares to SPLT in shared-ride philosophy though Via focuses on professionally-driven shuttles rather than SPLT's coworker-as-driver model.
• Ride Health: Ride Health is a healthcare-focused NEMT platform coordinating patient transportation via ride-hailing and medical carriers for hospitals and health plans. Closely comparable to SPLT's healthcare transportation vertical with similar technology-enabled managed-transportation approach.
• Circulation Health: Circulation provides on-demand NEMT ride coordination for healthcare systems, integrating with Uber Health, Lyft Healthcare, and traditional NEMT fleets. Directly comparable to SPLT's NEMT scheduling/reimbursement platform with similar technology-forward approach to legacy brokers.

Direct peers

• BlaBlaCar: European-headquartered long-distance carpooling platform with tens of millions of users globally. Direct competitor in shared-ride carpooling model, though consumer-focused rather than SPLT's B2B coworker-matching approach.
• Waze Carpool: Waze (owned by Google/Alphabet) launched a consumer carpooling service with a clear enterprise-adjacent angle. Direct competitor in the carpooling space with massive financial backing, though focused on consumer drivers/riders rather than SPLT's enterprise co-worker matching.
• Scoop: Scoop was the closest direct competitor to SPLT in enterprise carpooling, connecting coworkers to share commutes before being acquired by Daimler (parent of Mercedes-Benz) in 2018 — mirroring SPLT's automotive-OEM exit trajectory and offering directly comparable B2B carpooling technology.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/splt
• Facebookfacebook.com/teamsplt
• LinkedInlinkedin.com/company/9344679

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds5 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SPLT (Splitting Fares)