HQ

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 three investors, with NFX Capital as a lead investor. In October 2021, HQ merged with SummitQwest Ground, forming a significant entity in corporate travel mobility.

Business overview

HQ provides ground transportation, corporate commute, and shuttle solutions for corporations. The company's core offering includes mobile applications that allow employees to book rides, reserve seats, and track transportation in real time. Concurrently, HQ offers spend management software and a vetted transportation provider network to assist travel managers, finance departments, and procurement teams with cost savings and operational efficiency. HQ operates within the Automotive & Mobility Technologies sector, serving corporate clients in markets such as the United States, United Kingdom, Poland, Singapore, and the Philippines.

Strategic signal

In October 2021, HQ (then Hip Mobility) merged with SummitQwest Ground, creating a larger entity focused on corporate travel mobility. This strategic consolidation signals a move towards market leadership and expanded service capabilities within the corporate ground transportation sector, offering investors a view into the company's ambition to scale and capture a larger share of the enterprise mobility market.

Company Intelligence Q&A

What was a significant strategic move for HQ in 2021?

In October 2021, HQ (operating as Hip Mobility) announced a merger with SummitQwest Ground. This strategic move aimed to form the largest mobility company for corporate travel, enhancing its market position and service offerings.

What funding did HQ secure in early 2021?

In February 2021, HQ raised $12 million in a Seed funding round. This round saw participation from investors including NFX Capital and Magenta Venture Partners.

What product innovation did HQ introduce for corporate commutes in early 2021?

In February 2021, HQ introduced a dynamic corporate shuttle platform designed for the post-pandemic workplace. This innovation aimed to revolutionize employee commutes by offering flexible and efficient transportation solutions for corporations.

What is HQ's primary focus in the corporate sector?

HQ focuses on providing corporations with reliable ground transportation, corporate commute, and shuttle solutions. The company aims to streamline corporate travel logistics and enhance employee mobility.

How does HQ assist corporate clients with transportation management?

HQ provides spend management software and access to a highly vetted transportation provider network. This enables travel managers, finance departments, and procurement teams to achieve cost savings and ensure reliable transportation services for their employees.