Summary of aims
One of FIT’s core visions is that humans have the right to get around without a car. RideTandem supports this vision by helping those who do not have a car access work and education opportunities. By connecting with local taxi, minibus and coach companies, RideTandem provides businesses, recruitment agencies and education settings with shuttle buses so that their employees and students can commute to and from work and education.
Impact of FIT investment and support provided
To the organisation
RideTandem says: “FIT was one of RideTandem’s earliest institutional investors in summer 2020, providing a crucial anchor investment during a period of COVID-induced uncertainty for the sector. The funding from FIT enabled us to hire employees beyond our three co-founders, with their contribution being instrumental to the long-term growth of the company.”
To the beneficiaries of the organisation
RideTandem says: “FIT funding has contributed to us growing our business, enabling us to benefit more employers and schools/colleges by improving talent attraction and retention through providing subsidised transportation services, and to benefit individuals by significantly lowering the cost of transport for them to access work or education.”