HopSkipDrive Raises $37M Series D to Continue Transforming School Transportation
Summary
Funding will fuel the modernization of school transportation and expansion efforts across the countryLOS ANGELES, Sept. 13, 2022 /PRNewswire/ -- HopSkipDrive , the leader in innovative, scalable school transportation solutions, announced today that it raised $37M in Series D funding from Energy Impact Partners, Keyframe Capital, FirstMark Capital, Alumni Ventures, Transform Capital and others.HopSkipDrive will use the funding to continue its ambitious transformation and modernization of school transportation the company grew 3x last year and plans to grow another 3x in the upcoming year. The company recently launched its 21st market: Detroit, MI.At a time when school districts are suffering due to major staffing shortages 88% of districts report they are affected by school bus driver shortages and pandemic learning loss, HopSkipDrive empowers them to drive greater equity through transportation in an efficient, cost-effective, and safe way. With its innovative RideIQ solution, HopSkipDrive helps districts optimize their transportation plans and create more efficient multi-modal route solutions.HopSkipDrives unique industry-leading approach solves bus driver shortages, reduces school commute times, gives families and caregivers full visibility and transparency, saves districts money, and reduces the carbon footprint of school transportation.Energy Impact Partners Partner Cassie Bowe says, We are excited to double down on our investment and fund further expansion. With this funding, we also look forward to HopSkipDrive continuing to expand sustainable transportation options for schools.HopSkipDrive Co-founder and CEO Joanna McFarland says, This funding fuels our path toward achieving our vision of a modern school transportation system, one that is safe, equitable, efficient and resourced to give kids the opportunities they deserve with both in school and after-school activities. HopSkipDrive is revolutionizing school transportation through assessment, optimization and supplementation of traditional yellow bus solutions.
Funding
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