Alto Experience, Inc. Asset Profile

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Year established

2018

Location

Dallas TX US

Primary Industry

Transportation Services

About

Founded in 2018 and based in Texas, US, Alto Experience, Inc. operates a mobile application that offers a membership-only SUV car service and allows members to customize their rides from music to lighting preferences. Over the years, Alto has expanded its operations to several major cities across the United States, including Dallas, Houston, Los Angeles, and Miami. In February 2024,Alto Experience, Inc. discontinued its operations. Alto's core offering revolves around providing an exclusive and premium ridesharing service for its customers. The company boasts a fleet of luxury vehicles, each meticulously maintained and equipped with advanced features such as HEPA air filtration systems. One distinguishing factor of Alto's service is its employment model—drivers are company employees, not contractors. Additionally, the company offers prescheduled rides, enabling customers to plan their journeys in advance and lock in specific pickup times. Alto generates revenue primarily through its ridesharing services, offering customers a membership-based model with various subscription options. Members can benefit from exclusive perks, including discounts on rides and access to special offers from partner brands. The company's diversified revenue streams also include partnerships with businesses for employee transportation, event support, and delivery services.

Current Investors

frogVentures, Road Ventures SA, Tuesday Capital

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Primary Industry

Transportation Services

Sub Industries

Car Hire Services

Website

www.ridealto.com

Verticals

Mobile Apps

Company Stage

Series C

Total Amount Raised

Subscriber access only

Deals

Deals Type
Bankruptcy/Write-off

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Alto Experience, Inc.	13 Feb 2024

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