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Announced

Completed

A group of investors led a $37m Series D round in HopSkipDrive.

Financials

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Transaction Value£31m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

vehicle rental

Private

Minority

Rental Services: Consumer

Single Bidder

United States

Acquisition

Completed

Private Equity

Venture Capital

Domestic

Synopsis

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A group of investors including Energy Impact Partners, Keyframe Capital, FirstMark Capital, Alumni Ventures, and Transform Capital, led a $37m Series D round in HopSkipDrive, a school transportation solutions provider. "We are excited to double down on our investment and fund further expansion. HopSkipDrive is doing something that's never been done before — bringing school transportation into the modern era through assessing and optimizing transportation planning, creating a new and unique driver supply, and providing multi-modal solutions to improve how kids get to school. With this funding, we also look forward to HopSkipDrive continuing to expand sustainable transportation options for schools," Cassie Bowe, Energy Impact Partners Partner.

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