View details of this raise on Seedstage

Bloomington, MN

Expanding a driver-owned rideshare platform to new markets.

• Driver-Owned Model: Hich offers a zero-commission model where drivers own equity and earn more per ride.
• Rapid Growth: In 11 months, Hich signed up 3,513 drivers and acquired 7,390 riders in Minneapolis.
• Medical Transport Contracts: Secured a $148 million contract with UCare for medical transport services.
• Expansion Plans: Raising funds to expand into new markets and introduce food and grocery delivery services.
• Fintech Services: Offers merchant payments and international remittances to meet driver needs.

Hich is a rideshare platform that aims to provide a fairer alternative for both drivers and riders. The company is raising funds to expand its operations beyond Minneapolis, where it has already signed up 3,513 drivers and acquired 7,390 riders in just 11 months. Hich’s model eliminates the traditional commission structure, allowing drivers to earn more through flat annual subscriptions and a per-ride booking fee. This approach has resulted in significant interest from both drivers and riders, who appreciate the equitable and transparent nature of the service.

The company has also secured a $148 million contract for medical transport services, demonstrating its ability to compete in institutional markets. Hich plans to use the funds raised to expand into new markets and introduce additional services, such as food and grocery delivery, which will further increase driver earnings. The company’s fintech services, including merchant payments and international remittances, align with the needs of its predominantly first-generation migrant driver base. By focusing on sustainable growth and driver advocacy, Hich aims to create a scalable platform that benefits all stakeholders involved.

Company Info

Hich is a rideshare platform that offers drivers equity and a zero-commission model, providing a fairer alternative for both drivers and riders.

Hich is a rideshare platform that offers a unique model where drivers own equity and earn more per ride, while riders pay less. The company operates on a zero-commission model, charging drivers a flat annual subscription fee and a per-ride booking fee, which allows drivers to see their exact earnings before accepting a ride. This approach ensures compliance with minimum wage standards and provides a fairer alternative to traditional rideshare platforms.

In addition to ridesharing, Hich plans to expand its services to include food and grocery delivery, as well as fintech services like merchant payments and international remittances. The platform has already gained traction in Minneapolis, signing up a significant portion of the city’s gig drivers and securing contracts in the medical transport sector. Hich aims to expand into other major U.S. cities, offering a more equitable solution for both drivers and riders.