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STEER Technologies Inc. (formerly Facedrive Inc.) has received TSX Venture Exchange approval for its name change and new stock symbol 'STER', effective October 11, 2022. This follows previous shareholder approval and aligns with the company's rebranding efforts announced in April 2022. The new CUSIP number is 858335102 and ISIN is CA8583351025. There’s no change in the company’s capitalization, and no action is required by current security holders. STEER focuses on eco-friendly mobility services and aims to enhance its electric vehicle subscription and on-demand service offerings.
Facedrive Inc. (TSXV: FD, OTCQX: FDVRF) announces an expansion of its electric vehicle subscription service, STEER EV, into Florida with an operational hub in Tampa. This new service area, effective September 2022, is part of STEER's growth strategy following successful financing. The company aims to challenge traditional car ownership models while capitalizing on the increasing demand for eco-friendly transportation options. The global car subscription market is projected to grow from $3.55 billion in 2019 to $12.1 billion by 2027.
STEER Holdings Inc., a subsidiary of Facedrive Inc. (TSXV: FD, OTCQX: FDVRF), has signed an agreement with Enterprise Fleet Management to lease over 1000 electric vehicles valued between
STEER Technologies Inc. (TSXV: FD, OTCQX: FDVRF) has secured a business license to operate its electric vehicle subscription service, STEER EV, in British Columbia, Canada, as of August 2022. The expansion is a strategic move to meet the growing demand for flexible, eco-friendly transportation alternatives. STEER EV aims to capitalize on trends favoring subscription models, targeting a car subscription market projected to grow from $3.55 billion in 2019 to $12.1 billion by 2027, with a CAGR of 23.1%. The company plans further geographical expansion throughout North America.
STEER Technologies Inc. (FDVRF) announced the launch of its electric vehicle subscription service, STEER EV, in British Columbia, Canada. The service, available since August 2022, aims to transform car ownership into a flexible subscription model. The electric vehicle subscription market is projected to grow from $3.55 billion in 2019 to $12.1 billion by 2027, reflecting a 23.1% CAGR. This expansion into British Columbia supports the province's commitment to electric vehicle adoption, having increased EVs on its roads by 1,600% over the past six years.
Facedrive Inc. (FDVRF) has launched its Delivery as a Service (DaaS) platform, successfully partnering with over 200 small and medium businesses in the Greater Toronto Area. The DaaS initiative boasts a 99% on-time delivery rate, aiming to cater to larger retailers next. The global DaaS market is projected to grow at an 18.9% CAGR, presenting significant revenue opportunities. STEER's unique ESG data analytics, powered by its EcoCRED platform, enhances its competitive edge, appealing to environmentally conscious brands.
Facedrive Inc. (TSXV:FD, OTCQX:FDVRF) has announced a corporate update highlighting its growth strategy, focusing on subscription-based and on-demand services. The Company aims to drive efficiencies by realigning operations to enhance its EcoCRED analytics platform, which measures carbon impacts. With a 20% market share in Ontario's B2B marketplace, Facedrive plans to expand its subscription EV services in North America, targeting significant year-over-year revenue growth. The launch of a 'super-app' is also planned, promising a streamlined user experience.
Facedrive Inc. (TSXV: FD, OTCQX: FDVRF) announced a proposed non-brokered private placement aiming to raise up to $15 million by issuing approximately 25.4 million units at $0.59 each. Each unit includes one common share and one warrant, allowing the purchase of an additional share at $0.73 for three years. The funds will be used for business development and working capital. Closing is expected around March 31, 2022, pending TSXV approval.
Facedrive Inc. (TSXV: FD, OTCQX: FDVRF) has successfully completed a non-brokered private placement, issuing 7,343,750 units at $0.64 each, raising gross proceeds of $4,700,000. The investment solely involved company directors. Each unit consists of one common share and one warrant, allowing purchase of additional shares at $0.80 for 36 months. Proceeds will support general business development and working capital. The placement is subject to TSXV approval and is exempt from certain requirements of MI 61-101 due to its size relative to market capitalization.
Facedrive Inc. (TSXV: FD, OTCQX: FDVRF) has announced a private placement where the Board of Directors has committed to invest approximately
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