- Rideshare company Facedrive (TSXV:FD) has announced its expansion into Canada’s capital city, Ottawa
- The company is newly licensed in the city and hopes to offer its services there within the next thirty days
- As the COVID-19 pandemic rages on, Facedrive is working with local authorities to identify and fix transportation gaps
- The company has restated its commitment to training all drivers on safety protocols during these uncertain times
- Facedrive (FD) is down 0.72 per cent, and is currently trading for C$2.76 per share
Rideshare company Facedrive (TSXV:FD) has announced its expansion into Canada’s capital city, Ottawa, Ontario.
The move is the latest development in the company’s ongoing plan to expand both nationally and internationally.
Facedrive is newly licensed in Ottawa, and expects to offer its services to residents within the next thirty days.
The company has garnered a reputation as an eco-friendly, socially responsible alternative to other rideshares, like Uber, Lyft and Ola.
Facedrive is a 100 per cent Canadian rideshare platform, that employs drivers with electric, hybrid or gas-powered vehicles. In addition, the company donates a portion of each fare to carbon offset initiatives, including tree planting.
While the company has experienced some promising growth, it has recently felt the impact of COVID-19. The pandemic, which has sent millions into self-isolation at home, has dramatically reduced demand for transport services.
That said, many people must still go out for food shopping, medical appointments and work which they can not do from home. Some of these people do not own a car, or find public transport on buses and trains too dangerous.
Facedrive has stated that it will work with the City of Ottawa and local authorities to address these needs. The company hopes to support local government as it works to identify transportation gaps, and offer possible solutions.
Facedrive’s Chief Operations Officer, Suman Pushparajah, said that rideshares can provide essential services at this time.
“Our launch to Canada’s capital and further expansion plans are a direct response to critical needs, given the impact of COVID-19.
“As we begin our recruitment of drivers, we employ a thorough multi-step driver screening process. This ensures that all of our drivers have adequate training on safety protocols before they gain approval to drive on our platform,” Suman said.
Facedrive (FD) is down 0.72 per cent, and trading for C$2.76 per share as of 9:53am EST.
