Alto Closes $45M Series B Financing
- Alto, a Dallas, TX-based ride-hailing and private transportation company currently operating in Dallas, Houston, and Los Angeles, closed a $45M Series B financing
- The company intends to use the funds to expand operations and its geographic footprint
- The company plans to begin the transition to an electric fleet in early 2022 with the goal of having the country’s first 100% EV ridehail fleet of over 3,000 vehicles by the end of 2023
- The company is a W-2 employee-based, on-demand ride-hailing company which hires vetted, professional drivers and manages a dedicated, company-owned fleet of vehicles
- The platform hires W-2 employee drivers and provides in-depth training to allow them to deliver the best customer experience possible in every ride
- Currently available in Dallas, Houston and Los Angeles, the platform has plans to bring its rideshare experience nationally in the near future
