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July 12, 2023

Spain's Hoop Carpool Raises €1.2M, Expands to New Markets

Carpooling platform secures investment to dominate home market and expand globally

Hoop Carpool, the Madrid-based corporate carpooling platform, secures a significant €1.2 million investment to bolster its presence in Spain and expand its reach to Portugal, Mexico, and Colombia. Led by prominent investors Ship2B Ventures, Banco Sabadell, and more, this funding will fuel Hoop Carpool's mission to transform commuting habits and combat the climate crisis.

Carpooling, once popularized during times of resource scarcity, has now evolved into a sustainable solution for a planet in dire need. By connecting drivers and passengers through their intuitive mobile app, Hoop Carpool facilitates daily commutes and reduces carbon emissions, contributing to a greener future.

With a diverse clientele including major corporations, universities, and municipalities, Hoop Carpool has already facilitated over 60,000 trips, eliminating a remarkable 220,000 kilograms of CO2 emissions and covering more than 1.6 million kilometers. Now, expanding into new markets and planning to double their team, Hoop Carpool aims to achieve a €1 million turnover within the next year.

Hoop Carpool's commitment to revolutionizing commuting and fostering climate responsibility is driving a paradigm shift in transportation. As they forge ahead, expect more sustainable journeys, empowered communities, and a brighter future for all.

Neil Hodgson-Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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