ADASTEC Corp.

ADASTEC Corp.

Private
East Lansing, MichiganMobility, Transportation & Logisticshttps://adastec.com

Last Round

Grant

Jul 29, 2024

Est. Valuation

$150M

Total Funding Raised

$350,000

Company Overview

ADASTEC Corp. is a software company that provides flowride.ai, a SAE Level-4 automated driving software platform for full-sized public transit buses and commercial vehicles.

Sector

Mobility, Transportation & Logistics

Verticals

Autonomous Vehicles, Public Transit, Fleet Management, ML Platforms, Clean Transportation

Business Model

B2B

Customer Profile

Subscription SaaS, Government Contracts, Services & Consulting

AI Layer

Infrastructure

Keywords

autonomous busesLevel 4 autonomous drivingself-driving busautomated driving softwarepublic transit automationdriverless busAV software stackcommercial vehicle automationfleet management softwareOEM integrationmission control platformelectric bus automationB2G

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ADASTEC Corp. Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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ADASTEC Corp. Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
GrantJul 29, 2024
VC RoundMar 19, 2024
DebtJun 22, 2023
GrantMay 7, 2020

Key People

Founding team and executive leadership

Kerem Par

Co-Founder, CTO

Founding Team

Murat Emre Duman

Co-Founder Chief Operating Officer

Founding Team

Ali Ufuk Peker

CEO

Executive Team

ADASTEC Corp. Investors

Notable investors and investment history

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 28, 2026

    Partnered with MAN Truck & Bus for autonomous electric bus trials in Germany.

  • Apr 8, 2026

    Completed a six-month project with RATP Group for autonomous vehicle technology.

ADASTEC Corp. Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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ADASTEC Corp. Filings

SEC and related filings with document metadata.

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Firmographic Details

HeadquartersEast Lansing, Michigan
Employee Range117
Year Founded2018
Last FundingJul 29, 2024

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