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Galvanize Climate, a mission-driven investment platform that will provide the capital, expertise, and partnerships, led a $15m Series A round in The Routing Company, an end-to-end platform enabling operators of shuttles and buses to offer on-demand, dynamically routed transportation service. “As many companies begin calling employees back, having affordable, reliable and accessible public transit is critically important. Given its scale, transitioning to a more sustainable and efficient transportation future must be a key area of focus for our decarbonization efforts. The Routing Company has demonstrated its ability to affect changes in the primary variables that drive emissions — mode, distance and occupancy. TRC has also received extremely strong reception from users, particularly in low-income and low-density communities — areas that typically are traditionally not serviced as well or as frequently by existing public transit,” Tom Steyer, Galvanize Climate Solutions Co-Executive Chair.
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