Previous Post
Abu Dhabi’s Fin-Tech Startup Bayzat Scores $16 Million Series B Investment
Next Post
Applications Now Open for Dubai Smart City Accelerator, Powered by Startupbootcamp

Egyptian ‘Rides-for-Kids’ Startup Hive Scores $400,000 Investment from Customer-turned-Investor

The startup will use the funds to streamline operations, ensure an outstanding service, and expand within markets having the same problem.

Egypt’s ride-hailing subscription service for children has raised an investment from an undisclosed loyal client turned into investor. While giant transport-tech companies like SWVL, Uber and Careem are turning a blind eye to youth-based services, Hive is one of the startups specifically targeting the comfort of children. Some of the major key components contributing to the startup’s emergence is the importance of safety and comfort, which are vital in the startup’s mission to support a large segment (43.7%) of Egypt’s population that is below 19 years old.

With these funds, the startup anticipates the chance to expand within more markets facing the same issue, reach more affordable solutions and creating an experience within their service that can bring much-needed impact and comfort to children aspiring to be future catalysts.

Established last year by Abdelrahman Osama and Mohammad Aboali, Hive has completed over 6000 trips in the last season to 14 different national and international schools in an effort to unlock the best experience possible for both children and parents, as well as drivers enrolled in the service.

The ride-hailing service for children allows drivers to work as captains for fewer hours with a fixed monthly income. For parents of children, the application provides an efficient service that eliminates all the hassles of securing transportation and withdrawing the need for parents to allocate a certain time of their day to take their kids to school and suffer from the daily morning rush.

This year witnessed a massive growth in the startup’s operations where a new ride-sharing and carpooling service was launched to promote an eco-conscious and more affordable approach where children and parents can both save time on commute as well as money.

“School transportation is only phase one, as we plan to haul kids anywhere. Hive aspires to contribute a social impact and development by improving the lives of kids, as they would avoid traffic and long bus routes, saving their time and effort and putting them in an enhanced mood to make their day better, so they would perform better, and live better,” says Mohammad Aboali, co-founder of Hive.

Most parents stress about leaving their kids to drivers that are strangers, but Hive bridges parent’s aspirations for the best experiences for their families, enabling them to track their kids’ rides in addition to participating in the rigorous process of hiring captains and approving them personally, before subscribing to Hive.

 


Get inspired. Join the movement

Sign up for the daily Startup Digest.

Startup stories straight to your inbox

Sign up for the daily Startup Digest.

Todays Events