Ridecell promotes Kumar to chief financial officer

Shiva Kumar of Ridecell Inc

Automation and mobility platform provider for digital transformation, Ridecell Inc., has promoted Shiva Kumar to the role of chief financial officer (CFO).

Shiva joined Ridecell in 2019 as executive vice president of business development and strategic finance. During his tenure, Shiva has successfully led the latest financing round and played an important role in securing and strengthening long-term partnerships with industry ecosystem leaders and customers.

In his new role, Shiva will lead the company’s finance, accounting, corporate development, and investor relations. He will continue to serve as part of the executive leadership team, play a key role in helping shape company strategy and long-term business planning, and drive strategic initiatives with customers, partners, and company stakeholders.

“At Ridecell, our mission is to move the world better through digital transformation,” says Aarjav Trivedi, CEO of Ridecell. “Our success requires strong long-term partnerships with fleets, ecosystem leaders, and strategic financial investors. At a challenging time when COVID impacted many mobility companies, Shiva’s vision and leadership have been key in helping Ridecell thrive and grow. We are excited to have Shiva take the CFO position at Ridecell. I look forward to partnering with him in the next phase of our growth.”

Renowned for his mobility expertise, Shiva was previously with Jefferies, LLC, where he served as senior vice president and co-led the mobility technology investment banking practice. Prior to Jefferies, Shiva worked as an investment banker with Deutsche Bank Securities and BofA Merrill Lynch, focusing on software and healthcare IT.

Shiva earned a Bachelor of Technology in Electrical Engineering from the Indian Institute of Technology (IIT Mumbai), received his Masters in Electrical Engineering from the University of California Los Angeles, and his MBA from the Kellogg School of Management at Northwestern University. Shiva holds seven U.S. patents and has published several papers in technical journals.

“The future of transportation and mobility remains exciting and is the passion behind what we do at Ridecell,” says Shiva. “We are changing the way the world moves. From shared mobility to digitised fleet operations and maintenance, Ridecell is part of the transportation revolution. I look forward to working closely with Aarjav, the management team, the board, shareholders, customers, and partners to capture the next phase of company growth.”

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow

RECENT ARTICLES

Get a US$50 Amazon voucher for sharing your IoT brand knowledge

Posted on: March 28, 2024

We want to know what you know about the IoT space. Just 3 minutes could earn you a US$50 Amazon digital gift card!

Read more

Enhance EV charging performance with cellular connectivity

Posted on: March 28, 2024

Electric vehicles (EVs) are steadily growing their market share at the expense of internal combustion engine vehicles. The growth is fuelled by several factors. Perhaps most importantly, prices for EVs have started to drop as competition in the industry is intensifying. New players and models are emerging, prompting several established EV makers to lower their

Read more
FEATURED IoT STORIES

What is IoT? A Beginner’s Guide

Posted on: April 5, 2023

What is IoT? IoT, or the Internet of Things, refers to the connection of everyday objects, or “things,” to the internet, allowing them to collect, transmit, and share data. This interconnected network of devices transforms previously “dumb” objects, such as toasters or security cameras, into smart devices that can interact with each other and their

Read more

The IoT Adoption Boom – Everything You Need to Know

Posted on: September 28, 2022

In an age when we seem to go through technology boom after technology boom, it’s hard to imagine one sticking out. However, IoT adoption, or the Internet of Things adoption, is leading the charge to dominate the next decade’s discussion around business IT. Below, we’ll discuss the current boom, what’s driving it, where it’s going,

Read more

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more