TORONTO–(BUSINESS WIRE)–Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ride-sharing network, is pleased to announced global expansion plans, launching with new target cities in Canada and extending into the United States and Europe beginning in Q3 and Q4 of 2020.
Facedrive is working closely with cities, municipalities and universities across Canada to identify transportation gaps and offer solutions to bridge those gaps at a critical time for all amid the coronavirus pandemic. Facedrive will be looking to make similar efforts in the United States and Europe as it looks to expand in those regions.
“In line with Facedrive’s ‘people-and-planet first’ principles, which focus on both eco-friendly rides and a socially responsible business model that considers the welfare of communities, riders and drivers as equal stakeholders, we are furthering our expansion plans as a direct response to critical needs given the impact of COVID-19 and given the essential services ride-sharing can provide at this time,” said Facedrive CEO Sayan Navaratnam.
In this difficult time, Facedrive is in discussions with universities, municipalities and cities to bridge transportation gaps in a safe and convenient way to provide necessary transportation in a time of crisis, and its global expansion plans will have the post-COVID-19 environment in mind.
Facedrive’s recent acquisition of HiRide Share Ltd (“HiRide”), a socially responsible ride-sharing and car-pooling app which shares Facedrive’s principles, is of strategic significance in targeting the high-demand university and education markets with its completed AI engines, fully functional app and update releases in the pipeline. It increases our global expansion power several times, adding HiRide’s 20,000+ network of longer-distance commuter customers to Facedrive’s first- and last-mile ride-sharing platform.
The expansion of both companies into new cities and globally will be in tandem, and the HiRide acquisition will help Facedrive deliver end-to-end service to its users, with Facedrive acting as the first and last mile for longer-distance commuters using the HiRide car-pooling app.
“A safe transportation solution is critical at this time, and Facedrive is currently working with many cities amid the coronavirus pandemic to bridge critical transportation gaps as we press into additional cities and countries,” said Facedrive Chief of Operations Suman Pushparajah.
“Life after COVID-19 will be different, and eco-friendly and socially responsible ride-sharing, along with other major lifestyle changes, will emerge as solidified trends. Facedrive intends to be there, globally, to demonstrate how ride-sharing can put the people and planet first around the world in an economically feasible manner,” Pushparajah added.
About Facedrive
Facedrive is a “people-and-planet first” ride-sharing platform, and the first to offer green transportation solutions in this space. Facedrive is committed to doing business fairly, equitably and sustainably, with a firm dedication not only to seamless customer service that offsets CO2 by planting trees and gives riders a choice between EVs, hybrids and conventional vehicles, but also to its drivers. Facedrive is a community platform designed to become the #1 recognized eco-friendly and socially responsible TaaS platform in any market that it enters.
For more about Facedrive, visit www.facedrive.com.
Facedrive Inc.
100 Consilium Pl, Unit 400, Scarborough, ON, Canada M1H 3E3
www.facedrive.com
Forward-Looking Information
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