Cabin secures $3.3M for its moving hotel

Cabin recently announced it had procured $3.3 million in seed financing for its sleeper-car bus.( Ill explain that concept in a minute .) The funding was led by Founders Funds FF Angel, with participation from half a dozen other investors. This new round of funding will enable Cabin to expand its overnight transportation services regionally and nationally.

Now, about that moving hotel notion. A full-size travel bus has been outfitted with sleeping berths lining a narrow walkway, like trains used to have. Theres a small communal sofa area for social insomniacs, Wi-Fi for solitary insomniacs and earplugs and nighttime tea for all. There are attendants on hand and a bathroom on board, and each rider can bring two pieces of luggage for free.

Right now, theres only one route between Los Angeles and San Francisco. Riders are picked up at 11:00 p.m. at a central place, and the bus arrives in the next city by 7:00 a.m. so you can make-up whatever meeting you have lined up. The price for an overnight ride is $115. One-way flights between those two cities are often less than $100, but with Cabin, youre paying for a bed and the privilege of not having to fight over the armrest.

Cabin joins companies like Tesloop in creating shared long-distance road traveling experiences that are intended to be nicer than, if not as fast as, airline traveling. People seem to be interested; Cabins 2016 pilot project was called SleepBus, and it sold out all its tickets in three days. The wait list was 20,000 potential clients deep. Thats more than the estimated 15,000 people, according to Cabin, who fly between Los Angeles and San Francisco every day.

Make sure to visit: CapGeneration.com