The Technology team advised The Routing Company on its $15 million Series A financing led by Galvanize Climate Solutions.
The Routing Company is an on-demand vehicle routing and management platform that partners with communities around the world to help power the future of public transit, which improves transportation equity and reduces harmful greenhouse gas emissions. The company is led by CEO James Cox, formerly the global head of product operations at Uber.
Galvanize Climate Solutions is a recently launched climate investment platform co-founded by Katie Hall and Tom Steyer.
The round included existing investors The Engine, Systemiq.Earth, Animal Capital, and angel investors including Coupang CTO and former Uber CTO Thuan Q. Pham, who is also an advisor to The Routing Company.
The new round of financing will help build on the impact The Routing Company is already having on three continents. In Seattle, the company has partnered with Kitsap Transit and King County Metro to guarantee on-demand transit connections to fixed route buses, ferries, and trains. In Andorra, the company helped the community of Escaldes-Engordany go from limited transit options to averaging 2,000 passenger trips per week with just four shuttles. And in Scotland, The Routing Company is moving people around low density communities that have not had access to transportation previously.
The Goodwin team included Anthony McCusker, David Brekke, Ben Rosales, Shiyi Fan, and Kelly Carson (Corporate), Rick Ballard (Intellectual Property), Monica Patel (ERISA & Executive Compensation), and Maggie Wong (Opinions), with invaluable assistance from Andrea Morales.
For more details, read The Routing Company’s announcement and article in CNBC.Find out more about how our Technology team can help you today.