Female-driven rideshare platform Shebah has hit its minimum equity crowdfunding target of $500,000 after announcing its second campaign last month.
The company’s second campaign went live on November 19 and aims to raise between $1 million to $2 million which will close its seed round ahead of a Series A next year.
Its first equity crowdfunding campaign was held in March and raised $3 million.
Shebah said it has doubled its trip numbers since March with a 75 per cent increase in child seat bookings; results that reflect the demand being driven by the transport needs of families throughout Australia.
Shebah has developed app features to meet the changing needs of the market, including an advanced booking service and a world-first preferred driver selection feature.
George McEncroe, CEO at Shebah said women with children and women in more vulnerable situations deserve the same safety and access to services to meet their needs.
She said, “Being called a disruptor because we’re putting kids in car seats is a bizarre thing, but it is a sign of how difficult it is for women and children to travel without a car, and why we have such strong growth in this area.
“The market has responded positively to these features that allow women to select a driver they love or for a parent to book their child’s transport up to a month in advance. It proves we can give them a sense of connection and importantly – peace of mind.”
Shebah is also planning to launch its services into corporates, not-for-profits and businesses with female shift workers, so those responsible can ensure the women in their care are able to travel safely.
McEncroe said, “We have heard stories of corporates forced to hire limousines to ensure female staff get home without incident.
“While everyone is stuck on how to make their platform safer, we’re now partnering with organisations who don’t want to wait to ensure women can get home safely.”
Shebah said it also provides a safe, flexible and rewarding opportunity for women looking for work, allowing them to truly experience the virtues of financial freedom and empowerment.
Shebah’s national fleet of women drivers have Working with Children Checks and as part of the driver onboarding program, women can access financial education on superannuation, managing GST and insurance.
It has also appointed regional leaders to ensure increased support for drivers, as well as compliance and training in areas such as child seat fittings to ensure the service is conducted to a high standard.
The Shebah service is available in all major cities, as well as most regional areas including Bendigo, Ballarat, Noosa, Gold Coast, Sunshine Coast, Byron Bay, Toowoomba, Cairns, Barossa, Ipswich and Bundaberg and Margaret River.