Passport, a mobility management platform, just raised a $65 million Series D round from Rho Capital Partners, H.I.G. Growth Partners and ThornTree Capital Partners. This round brings its total funding to $125 million.
The plan is to use the funding to further invest in Passport’s mobility software platform and expand into digital parking payments.
In March, Passport partnered with Charlotte, N.C., Detroit, Mich. and Omaha, Neb. to create a framework to apply parking principles, data analysis and more to the plethora of shared micromobility services.
With Passport, cities can easily analyze scooter usage, parking patterns and curb utilization. Passport also enables cities to implement real-time curbside pricing and payments and better manage scooter placement. The idea is that cities and mobility providers will work better together if there