Spare Labs

Spare Labs is a Vancouver-based mobility management software company that specializes in enhancing public transit services through on-demand and shared transportation solutions. Founded in 2015 by Kristoffer Vik Hansen, Josh Andrews, and Alexey Indeev, Spare aims to modernize transportation networks by integrating various modes of transit. This improves efficiency and accessibility for all users.

The company's flagship product, the Spare Platform, enables transit agencies to plan, launch, operate, and analyze smart transportation networks seamlessly. By leveraging advanced algorithms and data analytics, the platform optimizes routes, reduces wait times, and enhances overall service quality.

This approach not only improves operational efficiency but also promotes sustainable urban mobility by encouraging shared rides and reducing traffic congestion.

Product Suite

Spare's solutions cater to a diverse range of transit needs, including:

• Microtransit
• Paratransit
• Safe rides
• Transit planning
• Non-emergency medical transportation (NEMT)

The company's product suite includes Spare Launch, Spare Realize, Spare Analyze, Spare Engage, Spare Rider, Spare Driver, and Spare Open Fleets. Each product is designed to address specific aspects of transit operations and rider experience.

Funding and Growth

In September 2024, Spare secured CAD 42 million in Series B funding, led by Inovia Capital with investors Kensington Capital Partners and Nicola Wealth Management. The investment supports expanding Spare's global reach, enhancing rider service quality, and accelerating its AI-driven platform development.

Global Presence

Spare has offices in Vancouver, Oslo, and Tokyo, reflecting its commitment to providing innovative transit solutions worldwide.

United States Partnerships

Spare collaborates with several transit agencies across the United States, demonstrating a dedication to expanding transportation access for underserved communities:

• Dallas Area Rapid Transit (DART), Texas
• Bay Area Rapid Transit (BART), California
• Alameda-Contra Costa Transit District (AC Transit), California
• GoDurham ACCESS, North Carolina

Locations

The company also maintains an office in Boston, MA, USA.