Facedrive Inc (TSXV:FD) is a multifaceted tech firm that provides various solutions ranging from transportation to food delivery.
The company was initially founded in 2016 to provide an environment-friendly and socially responsible transportation network for the customers.
In 2020, due COVID-19 pandemic led adjustment, the company added three more verticals to its business, reportedly. Today, Facedrive offers various tech-enabled solutions for ridesharing, food delivery, healthcare, shopping, electric vehicle, and others through a multitude of platforms and applications.
Facedrive Rideshare provides ridesharing services through the Facedrive App and offers a wide of range vehicle options to the customers to choose from. Facedrive reportedly contributes to tree-planting initiatives with each completed ride. In 2019, the company claims to have planted over 4000 trees with the help of local organizations and customers.
Facedrive Foods is a sustainable food delivery service that connects customers to restaurants and food stores. The second vertical also claims to contribute towards tree plantation in a bid to reduce its carbon footprint.
Facedrive Foods operates through an extensive network of over 5,000 local and national restaurants and more than 3,500 registered drivers across Canada.
Through its business vertical Facedrive Health, the company provides and develops innovative technology solutions to counter critical health problems. The health segment in collaboration with the University of Waterloo has reportedly developed TraceSCAN, a contact tracing wearable device that can be customized and tailored according to the needs of global industries, including construction, education, transportation, manufacturing, and hospitality.
Facedrive Marketplace is a shopping or e-commerce platform that provides various products under different categories ranging from essentials, tech accessories, sound, etc. The company also claims to provide eco-friendly goods, and products sourced from women-led or handcraft businesses to support them, reportedly.
Steer by Facedrive provides subscription service for electric vehicles (EV) in Ontario, Nova Scotia, Alberta, Quebec, Manitoba, Saskatchewan and British Columbia, and Washington DC. The company reportedly aims to launch an EV subscription service in Europe.
Facedrive introduced HiRide, a carpooling app for long-distance travel, which offers easy communication and interaction between passengers and drivers across Canada and the United States.
EcoCRED, backed by Facedrive Inc, is a sustainability platform that reportedly helps the users to take eco-friendly actions, reduce carbon emissions and tackle climate change. EcoCRED claims to provide carbon offset solutions to more than 60,000 users, including consumers and businesses.