What is Modus?
Modus Inc. is dedicated to dismantling transportation barriers for vulnerable populations in Tulsa, Oklahoma. The company offers specialized transportation solutions designed to connect clients of social service organizations, educational institutions, and community projects with essential services. By providing safe, reliable, and dignified rides, Modus addresses the critical needs of the approximately 82,000 Tulsans facing transportation challenges. Their model not only enhances access to health, education, and opportunity for individuals and families but also aims to reduce operational costs for nonprofit organizations, fostering a more equitable and connected community.
How much funding has Modus raised?
Modus has raised a total of $36K across 1 funding round:
Debt
$36K
Debt (2021): $36K with participation from PPP
What's next for Modus?
With the recent influx of substantial expansion capital, Modus is poised for significant growth. This funding is expected to fuel strategic initiatives aimed at enhancing service delivery, potentially expanding into new geographic areas beyond Tulsa, and further developing their technology platform to optimize logistics and client experience. The company's progression through what appears to be a Series B/C funding stage suggests a strong market validation and a clear trajectory towards becoming a leading provider of essential transportation services for the nonprofit sector.
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