HopSkipDrive, a Los Angeles, CA-based youth transportation solution provider, raised $25M in Series C funding.
Backers included Energy Impact Partners, Keyframe Capital, FirstMark Capital, and 1776 Ventures.
The company will use the funding for expansion projects, including vehicle electrification initiatives and 30 new market launches.
Led by Co-founder and CEO Joanna McFarland, HopSkipDrive is a youth transportation solution for schools, districts, government agencies, and families, which leverages a technology platform and operational expertise to deliver flexibility and route optimization, and create full visibility and transparency for schools and families, all while providing safety technology and measures.
Using HopSkipDrive route optimization solutions and replacing inefficient bus routes with short-distance, multi-passenger rides will help districts reduce the number of buses that need to be replaced. This allows districts to retire aging fleets and accelerate electrification by reducing the overall cost, while also reducing students’ time spent commuting to school.
The company currently operates in 16 major markets in nine states, contracting with 300+ schools, districts and government agencies. To date, HopSkipDrive CareDrivers have driven 20M+ miles and delivered 1.4M riders to over 6,000 schools. Over the next few years, the company will help thousands of CareDrivers transition to EVs and expand its partnerships with transportation providers that offer electric vans and buses.
With this funding, Energy Impact Partners Principal Cassie Bowe will join HopSkipDrive’s board of directors. The company is also announcing the addition of regulatory, legal and policy executive Loni Mohanta to the board.
FinSMEs
13/08/2021