Millions of Americans’ daily commutes were abruptly stopped by the emergence of COVID-19 over a year ago, which caused the ridesharing sector to collapse. hip 12m b2bkorosectechcrunch
One of the plethora of mobility-as-a-service firms that saw its clientele and revenue decline was Hip, which used an app to link commuters with independent bus and shuttle providers. Hip expanded rather than reducing expenses and waiting through the pandemic and the upheaval it brought.
Hip expanded its platform by adding a business-to-business service, targeting businesses and manufacturers who were getting ready to hire again.
CEO Amiad Solomon stated in a new conversation, “Rather than restricting, we doubled down and expanded our platform,” adding that the choice was influenced by conversations they had with huge organizations that were having trouble bringing workers back into the workplace securely.
Solomon said that the wager was successful. The business, which has offices in Tel Aviv and New York City and 20 employees, has gained new clients in addition to raising $12 million. The fundraising round was co-led by NFX and Magenta Venture Partners, with AltaIR Capital and former executives from Google, Booking.com, and Uber also taking part. The money will go into expanding engineering, sales, and operations as well as hiring more employees.
Hip assesses the demands of businesses, wherever they may be. The business created a service that businesses may use to upload thousands of staff members and their locations at home. Organizations use this data to assess their demands and keep expenditures under control.
The Hip portal essentially links businesses with transportation and bus companies. In order to assist businesses in tracking COVID-19 infections, it provides routing algorithms and a contact-tracing tool. Businesses can also utilize the platform to add particular aspects to the app, such as health and permission documents, and to set vehicle capacity limitations. Using the app, staff members may make reservations for tickets and seats as well as follow their transit in real time.
