Business

On-demand bus service raises $4m

Gabe Klein.

Gabe Klein.

Bridj, the on-demand private bus startup, said Thursday that it has raised $4 million in funding to help it expand beyond Greater Boston.

The Cambridge company also said that it hired Gabe Klein, formerly a vice president at Zipcar, as its chief operating officer.

Advertisement

Klein previously served as Chicago’s transportation department commissioner and as transportation department director in Washington, D.C.

The investment comes as Bridj expands its routes in Boston. But it may face regulation in Cambridge that could “essentially ban” the service in that city, founder Matt George said recently.

Get Business Headlines in your inbox:
The Globe's latest business headlines delivered every morning, Monday through Friday.
Thank you for signing up! Sign up for more newsletters here

The funding comes from Atlas Venture, NextView Ventures, Suffolk Equity, and Freshtracks Capital of Vermont.

Individual backers taking part in the round included three early investors in Zipcar: Jill Preotle, Andy Ross, and Peter Aldrich.

Bridj aims to use data to adjust its service to the changing needs of travelers. It has been testing routes covering neighborhoods including Boston’s Financial District, Cambridge’s Kendall Square, and Brookline’s Coolidge Corner. The company intends to serve as a sort of middle ground between MBTA service and Uber, the car service.

Advertisement

In its announcement, Bridj did not specify where it could expand beyond Boston.

Kyle Alspach

Loading comments...
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.