RapidRide: Accelerating the Success of Electric Mobility Startups

The road to success for electric vehicle (EV) startups is notoriously difficult, with more than 90% failing before reaching their fifth year. By leveraging their hard-earned industry experience, STILRIDE and VIDDE aim to help new EV startups avoid common pitfalls, reduce R&D costs, and accelerate development cycles.

In a move to strengthen the electric vehicle (EV) startup ecosystem and promote sustainable transportation, VIDDE and STILRIDE with the software technology company Knowit Swedspot decided to launch the RapidRide FastTrack program.

By leveraging their already developed EV software platform and a comprehensive support package, EV startups can conduct rapid market experiments and refine their product-market fit without the substantial upfront investment typically required. This approach not only saves money but also enhances the potential to attract investors by showcasing tangible progress and a functional prototype.