Faraday connects aspiring skilled trades professionals with local employers who sponsor their training in HVAC, plumbing, electrical, and solar installation. This model addresses the labor shortage in the skilled trades by enabling individuals to gain certifications and earn income without incurring debt.
Funding
$3.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The skilled trades industry faces a significant labor shortage due to an aging workforce and a lack of readily available, affordable training opportunities for aspiring professionals. Traditional trade schools can be time-consuming and costly, creating barriers to entry for individuals seeking to enter these fields.
Solution
Faraday addresses the skilled trades labor shortage by connecting individuals with local employers who sponsor their training in high-demand fields like HVAC, plumbing, electrical, and solar installation. The platform matches aspiring tradespeople with companies willing to hire and invest in their development, enabling them to gain valuable skills and industry certifications while earning a salary. This model eliminates the need for upfront tuition costs and provides on-the-job training, making a career in the skilled trades more accessible and financially viable. Faraday provides support from career coaches and industry experts, as well as a community of fellow learners.
Target Audience
Faraday primarily targets individuals seeking to enter the skilled trades without incurring debt, as well as employers in HVAC, plumbing, electrical, and solar installation facing labor shortages.
Features
- Matching algorithm that connects candidates with employers based on location, skills, and career interests.
- Employer-sponsored training programs that cover the cost of certifications and on-the-job learning.
- Access to career coaches and industry experts for personalized guidance and support.
- Community forum for connecting with fellow learners and sharing experiences.
- Streamlined application process for quick and easy entry into the skilled trades.
- Platform for employers to source and manage entry-level talent pipelines.