LONDON, April 23,
2024 /PRNewswire/ -- Tri Ri Asset Management ("TRAM")
is pleased to announce a strategic investment from its flagship
venture capital fund, the TRAM Venture Fund ("TRAM VF"), in OUNO, a
pioneering executive ride-hailing platform headquartered in
London. This collaboration marks a
significant milestone for both entities as they embark on a journey
to transform the transportation industry.
Founded in 2023, OUNO rapidly gained traction in the market,
attracting early investments from notable figures such as
England & Manchester United's
Mason Mount, BAFTA-winning actor
Michael Ward, and Grind Founder
David Abramovitch, among others. In
its inaugural year, OUNO demonstrated remarkable progress, earning
the trust of numerous high-end brands including Prada, Hublot, and
the Soho House Group. With thousands of daily B2C users in
London alone, OUNO has established
itself as a leader in the executive ride-hailing sector.
OUNO's innovative feature of vehicle specificity distinguishes
it in the executive ride-hailing space. Unlike other platforms that
generalize vehicle options, OUNO enables users to request specific
models such as Mercedes E-Class, S-Class, V-Class, or even a Tesla
for those seeking a fully electric option. With over 2,500
chauffeurs already enlisted on the platform and an additional 1,500
awaiting onboarding, OUNO has become the preferred choice for
drivers in London.
TRAM VF's investment underscores its confidence in OUNO's growth
potential and commitment to innovation. With ambitious plans for
expansion into the MENA region and the US, OUNO is positioned to
redefine urban transportation globally. TRAM's leadership is
excited to support OUNO's journey as it continues to lead the
London market and extend its reach
worldwide.
"We're delighted to welcome TRAM to our business and
successfully close our seed round," said Bobby Drewett, Founder of OUNO. "Having TRAM as
our first VC investor will strengthen our position for future
funding rounds, benefiting from their wealth of knowledge and
experience."
"The strategic expansion into the Middle East is a top priority for both TRAM
and OUNO," remarked Asad Ali,
Managing Partner of TRAM VF. "As I transition from public markets
to private markets, I look forward to closely collaborating with
Bobby and the OUNO team. As a value-add investor, I'll
utilize Tri Ri's global network and resources to support
OUNO's growth, particularly in key markets, and help solidify its
position as a market innovator in executive transportation."
OUNO's innovative transportation approach, coupled with TRAM
VF's strategic investment, lays the groundwork for a dynamic
partnership poised to revolutionize the travel experience.
Together, OUNO and TRAM VF are set to reshape urban mobility and
make a lasting impact worldwide.
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SOURCE Tri Ri Asset Management