Skift Take
Fewer than 10 travel startups have raised at least $100 million so far this year.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
Last week was the biggest for fundraising in travel tech in almost three months.
It also had been a few weeks since a travel startup has raised over $100 million. But last week, it happened twice: Once by a startup that rents hydrogen-powered cars to taxi companies, and once by a startup that helps short-term rentals companies manage their business.
There were four travel startups that announced fundraises last week totaling nearly $358 million. The total for the biggest week this year was $500 million.
HysetCo: $212.8 MillionHysetCo, which owns a fleet of hydrogen-powered vehicles that it rents to taxi companies, has raised $212.8 million (€200 million).
Hy24 led the round and became the majority shareholder of HysetCo with the deal, joining shareholders AirLiquide, TotalEnergies, Toyota France, and Kouros. Other investors for the round included Raise Impact and Eiffel Investment Group.
Paris-based HysetCo said it owns a fleet of more than 500 hydrogen-powered vehicles and a network of refueling stations in France. Clients also have access to servi