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Developer of Decentralized Ride-Sharing App Teleport Raises $9M

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Oct.27(Coindesk) - The Decentralized Engineering Corporation (DEC), which developed ride-sharing app Teleport, has raised $9 million in seed funding in a bid to compete with established ride-sharing apps such as Uber and Lyft.

DEC, a software developer, will use the proceeds to further grow Teleport, which is powered by DEC’s TRIP protocol. The project is built on Solana.

Teleport seeks to address some of the headwinds faced by traditional ride sharing, giving control back to drivers and customers.

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