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Announced

Completed

Galvanize Climate led a $15m Series A round in The Routing Company.

Financials

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Transaction Value£12m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Private Equity

software

Venture Capital

Private

automotive

United States

Domestic

Completed

Minority

artificial intelligence

Software

Friendly

Acquisition

Single Bidder

Synopsis

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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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