Company Overview
Snapshot
Founded in June 2018 by Amiad Solomon and Itay Ovits, HQ operates with 51–200 employees. The company has raised $12 million across one funding round from 3 investors, with NFX Capital as a lead investor. In October 2021, HQ (then Hip Mobility) merged with SummitQwest Ground Inc. to form a larger corporate mobility company.
Business overview
HQ provides corporate clients with comprehensive ground transportation, commute, and shuttle solutions. The company offers mobile applications that enable employees to book rides, reserve seats, and track transportation in real-time. Additionally, HQ delivers spend management software and a vetted network of transportation providers, aiming to optimize costs and streamline operations for travel managers, finance departments, and procurement teams. HQ operates within the Automotive & Mobility Technologies sector, specifically focusing on urban mobility, and leverages mobile, geolocation, and artificial intelligence technologies.
Strategic signal
In October 2021, HQ, then operating as Hip Mobility, merged with SummitQwest Ground Inc. to form a new entity under the HQ brand. This strategic merger created a larger corporate mobility company, combining Hip Mobility's corporate shuttle solutions with SummitQwest's corporate mobility offerings. This move signals a significant consolidation in the corporate ground transportation market, positioning HQ as a more comprehensive provider with an expanded network and service portfolio, enhancing its competitive stance and market reach.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant corporate development for HQ in October 2021?
- In October 2021, HQ, operating as Hip Mobility, merged with SummitQwest Ground Inc. to form a new, larger corporate mobility company under the HQ brand. This merger combined their respective corporate shuttle and mobility solutions.
- What funding did HQ receive in February 2021?
- In February 2021, HQ secured $12 million in funding. This round was led by NFX Capital and included participation from Magenta Venture Partners.
- What is HQ's primary focus in the mobility sector?
- HQ focuses on providing reliable ground transportation, corporate commute, and shuttle solutions specifically for corporations, aiming to streamline employee travel and corporate spend management.
- What technology does HQ utilize in its platform?
- HQ's platform incorporates dynamic route optimization algorithms, real-time tracking, and features for booking and reservation, leveraging mobile, geolocation, and artificial intelligence technologies.
- Which markets does HQ serve?
- HQ serves geomarkets including Poland, the United Kingdom, the United States, the Philippines, and Singapore.