 In March 2014, co-founders Ali Vahabzadeh and Romain Di Vuolo established Chariot after leaving their jobs at a real-estate start-up.After a summer in the nonprofit Tumml incubator, Chariot graduated from the program and expanded San Francisco coverage to the Marina, Financial District, SoMa, and Pacific Heights.On September 9, 2016, Ford CEO Mark Fields announced that the Ford Motor Company would be acquiring Chariot Transit Inc via their subsidiary Ford Smart Mobility for an undisclosed amount (reported to be $65 million).