Los Angeles-based HopSkipDrive, a vehicle for hire company focused on shuttling children to school, has raised $25 million in a Series C funding round from Energy Impact Partners, Keyframe Capital, FirstMark Capital and 1776 Ventures, Tech Crunch has reported.
Demand for HopSkipDrive’s services suffered badly as a result of schools closing due to the pandemic and the company had to let many of its staff go – who are mostly women working in the gig economy, all of whom have at least five years’ caregiving experience.
Joanna McFarland, co-founder and chief executive of HopSkipDrive, said the funding will help the company regrow and expand into 30 new markets over the next 18 months, as well as helping its drivers to switch to electric vehicles.
McFarland, added: “We are also continuing to invest in our route optimisation software, which just helps districts get more efficient and greener. By reducing overall fleet size, we play a significant role in the overall acceleration of the electrification of the entire yellow bus network.”
Date published: 17 August 2021