What is Hampton Roads Transportation?
Hampton Roads Transportation, Inc. (HRTI), established in 1984, provides comprehensive operational services to taxicab companies across the Hampton Roads region. HRTI manages essential functions including accounting, administration, maintenance, and dispatch for a collective fleet of approximately 300 taxicabs operated by affiliated companies such as Coastal Ride, Black and White Cabs of Norfolk, and Yellow Cab of Hampton. The company ensures compliance with industry standards, including rigorous driver vetting processes and ongoing safety training. HRTI's client base includes over 165 businesses, hospitals, government agencies, universities, and military concerns, supported by a 24/7 dispatch operation accessible via phone, web-booking, and a smartphone application.
How much funding has Hampton Roads Transportation raised?
Hampton Roads Transportation has raised a total of $745K across 2 funding rounds:
Debt
$350K
Debt
$395K
Debt (2020): $350K with participation from PPP
Debt (2021): $395K led by PPP
What's next for Hampton Roads Transportation?
The recent major strategic investment signals a pivotal moment for Hampton Roads Transportation, likely enabling expansion of its service offerings, technological upgrades to its dispatch and booking systems, or fleet modernization. This capital infusion is expected to bolster HRTI's competitive edge in the regional transportation market, potentially leading to enhanced operational efficiencies and broader service accessibility for its diverse clientele. The company's focus on enterprise-level operations suggests a trajectory towards solidifying its role as a critical infrastructure provider in the Hampton Roads area.
See full Hampton Roads Transportation company page
