Riders Drivers Marketplace About Investor Relations News & Media Support Become A Driver

News / Media

ALL
PRESS RELEASES
NEWS/MEDIA
COVID-19

Facedrive Clarifies Disclosure in Its Recent News Release Regarding Potential Acquisition of Foodora Canada

TORONTO--(BUSINESS WIRE)--Facedrive Inc. (“Facedrive”) (TSXV: FD), reports that, as required by the Investment Industry Regulatory Organization of Canada (IIROC), Facedrive is clarifying and supplementing certain disclosure in the news release dated May 14, 2020 regarding the entering into of a binding term sheet with Foodora Inc. (“Foodora Canada”) whereby Facedrive would purchase certain assets of Foodora Canada (the “Proposed Transaction”). In particular, Facedrive is clarifying that it does not anticipate having to raise additional funds in order to complete the Proposed Transaction.

Business Wire

Read More

Facedrive Foods Enters into Binding Term Sheet to Acquire Certain Assets of Foodora Canada

TORONTO — Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ridesharing network and a “people-and-planet first” business, is pleased to announce that it has entered into a binding term sheet with Foodora Inc. (“Foodora Canada”) pursuant to which Facedrive will purchase certain assets of Foodora Canada (the “Transaction”), in the proposal proceedings commenced by Foodora Canada under the Bankruptcy and Insolvency Act.

Business Wire, Financial Post

Read More

Facedrive Announces Consulting Services Agreement With Medtronics Online Solutions

TORONTO — Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly ridesharing network, is pleased to say it is currently working on a number of new initiatives, including potential transactions. However, no such initiative or transaction has progressed to a level where any agreements have been entered into. Accordingly, there is no certainty that any such initiative or transaction will be completed in the near term, or at all.

Business Wire, Financial Post

Read More

Facedrive Launches 'Foods' Delivery Platform for Safe Community Cohesion in the COVID-19 Pandemic

TORONTO — Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ride-sharing network, is pleased to announce the launch of Facedrive Foods, an initiative to connect residents and local restaurant businesses during the COVID-19 pandemic.

Business Wire, Financial Post

Read More

Facedrive Reports 2019 Financial Results

TORONTO--(BUSINESS WIRE)--Facedrive Inc. (“Facedrive” or the “Corporation”) (TSX-V: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ride-sharing network, today announced its year end fiscal 2019 (“Fiscal 2019”) operational and financial results. All financial results are reported in Canadian dollars unless otherwise stated.

Business Wire

Read More

Facedrive and Westbrook Inc. to Launch Exclusive Co-Branded Bel-Air Athletics Capsule Collection

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 announce the launch of the Facedrive Market Place, opening its virtual doors with an exclusive co-branded capsule collection from Bel-Air Athletics, Westbrook Inc.’s sports-inspired streetwear brand. The exclusive collection marks an expansion of Facedrive’s strategic partnership with Westbrook Inc. (“Westbrook”), the media company focused on empowering artists to tell stories that connect with a global audience.

Business Wire

Read More

Facedrive Launches Marketplace for Exclusive Sustainable Merchandise Amid Global Expansion Push

TORONTO--(BUSINESS WIRE)--Facedrive Inc. (“Facedrive” or “the Company”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ridesharing network, is pleased to announce the launch of the Facedrive Marketplace featuring exclusive new and exciting content, merchandise, and more from its partners.

The Facedrive Marketplace represents the launch of the company’s ecosystem approach to engaging and retaining its user base by featuring exclusive, sustainably sourced high-value products and services. Facedrive’s ambitious goal is to become a one stop shop for environmentally-conscious consumers looking for curated content and merchandise. The company has secured partnerships with a number of like-minded businesses, influencers and celebrities which shall be announced shortly.

Business Wire

Read More

Facedrive and the University of Waterloo Develop "TraceScan" App to Help Mitigate COVID-19 Spread

TORONTO — Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ride-sharing network and a “people-and-planet first” business, is pleased to announce that in collaboration with University of Waterloo, has developed “TraceScan”, a digital contact-tracing app designed to support nationwide efforts to slow the spread of COVID-19.

Through Facedrive Health, Facedrive’s recently announced health initiative, TraceScan was created in an effort to offer ongoing frontline assistance in response to the COVID-19 pandemic. TraceScan incorporates Facedrive Health and a group of researchers from the University of Waterloo, which is located in the heart of Canada’s ‘Technology Triangle’ (also known as Ontario’s ‘Silicon Valley’) to provide product design, research and development, artificial intelligence and the manufacturing of wearable technology. Facedrive, will work in close collaboration with the University of Waterloo to support software development. The app is expected to release within the next 30 days. Facedrive will also look closely at Google and Apple’s API expected to be released in the coming months to assess the feasibility of integration into the TraceScan platform. Through this joint effort, Facedrive hopes to attract the support of all levels of government for a coordinated approach to combat the COVID-19 pandemic.

Business Wire

Read More

Facedrive Announces Partnership with Middlesex-London Health Unit to Offer Transportation Assistance Amid COVID-19 Pandemic

TORONTO--(BUSINESS WIRE)--Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ridesharing network is excited to announce that it is joining efforts with the Middlesex-London Health Unit to help reduce the spread of COVID-19 and lessen the impact of the pandemic in the region. In the spirit of collaboration, Facedrive and the Middlesex-London Health Unit (MLHU) have partnered to offer a safe and reliable transportation service to the residents of Middlesex County and London, ON, traveling to and from the region’s COVID-19 assessment centers.

Business Wire

Read More

Facedrive Launches Health Initiative to Assist Frontline Healthcare Workers in COVID-19 Response

TORONTO — Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ridesharing network, is pleased to announce the launch of Facedrive Health, an initiative to offer assistance to frontline healthcare workers in their response to the COVID-19 pandemic. This initiative will be available for all the regions that Facedrive currently operates in.

Financial Post

Read More

Facedrive Announces Closing of Acquisition of HiRide

Facedrive Inc. ("Facedrive") (TSXV:FD), the first Canadian peer-to-peer, eco-friendly ridesharing network, is pleased to announce that it has received final approval of the TSX-V and closed its acquisition (the "Acquisition") of HiRide Share Ltd. ("HiRide"), an arm’s length socially responsible ridesharing and car-pooling app, pursuant to a share exchange agreement (the "Agreement") as previously disclosed.

Yahoo Finance

Read More

HiRide Launches New Product Extension, HiRide Social

TORONTO — HiRide Share Ltd (“HiRide”), the first-of-its-kind long-distance social carpooling app, is now on a mission to help young Canadians cope with social isolation through its new product extension, HiRide Social. HiRide was recently acquired by Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ride-sharing network.

Financial Post

Read More

Facedrive Expands Green Ridesharing Network to Ottawa, Canada’s Capital

Facedrive Inc. ("Facedrive") (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ridesharing network, is pleased to announce its expansion to Ottawa, Ontario. Newly licenced in Canada’s capital, Facedrive is expected to offer its services to Ottawa’s residents within the next 30 days in accordance with its national and global expansion plans.

Yahoo Finance

Read More

Facedrive Focuses on Further Global Expansion Plans

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.

Business Wire

Read More

Facedrive Acquires HiRide In Strategic Bid To Further Global Expansion Plans

TORONTO — Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ride-sharing network, has entered into a Share Exchange Agreement to acquire 100% of HiRide Share Ltd (“HiRide”), a socially responsible ride-sharing and car-pooling app which shares Facedrive’s “people and planet first” principles.

The Kingston Whig-Standard

Read More

Facedrive Acquires HiRide In Strategic Bid To Further Global Expansion Plans

TORONTO--(BUSINESS WIRE)--Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ride-sharing network, has entered into a Share Exchange Agreement to acquire 100% of HiRide Share Ltd (“HiRide”), a socially responsible ride-sharing and car-pooling app which shares Facedrive’s “people and planet first” principles.

Business Wire

Read More

Facedrive Welcomes former Newstrike CEO Jay Wilgar as Chief Strategy Officer

TORONTO — Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly ride-sharing network, is pleased to welcome Jay Wilgar, a 20-year veteran of start-up management and business growth, to the Facedrive executive team as Chief Strategy Officer.
Mr. Wilgar is the former Chief Executive Officer and Chairman of Newstrike Brands Ltd. and has served on the board of directors of Facedrive since September 2019.

Financial Post

Read More

Facedrive Releases App Redesign and New Features for Safe, Seamless Eco-Friendly Ride-Sharing

TORONTO — Facedrive Inc. (“Facedrive”) (TSXV:FD), the first Canadian peer-to-peer, eco-friendly ride-sharing network, is pleased to announce that it has successfully completed a comprehensive redesign of the Facedrive rider application. The redesign further enhances the user-friendly interface for the world’s first environmentally and socially responsible ride-sharing platform.

Financial Post

Read More

The Taxi Service That Plants Trees As You Go

If it’s not green, it’s not millennial--and that’s a big problem for a company like Uber, or Lyft. Millennials love ride-sharing, but they don’t appreciate the CO2 footprint that comes with it.
The immediate problem for Uber is this: The next-generation of ride-sharing is already here--born out of massive millennial demand. It’s green through and through, and it’s set to command some serious market share.

Baystreet

Read More

The Hottest Tech Sector Of 2020

Uber transformed transportation when it spent a fortune turning ride-sharing into a mainstream mode of transportation. But the 2.0 version of ride-sharing is where the real disruption begins. It fixes everything that’s wrong and latches onto a mega-trend the giants shouldn’t have ignored: ethical investing. This is where drivers get a boost, riders get a choice, and CO2 goes neutral.

The Bull

Read More

Providing the City of Orillia with its First Licensed Rideshare Service

Facedrive Inc. ("Facedrive") (TSXV: FD), the first Canadian peer-to-peer, eco-friendly ridesharing network, is pleased to announce that it expects to officially launch its rideshare services in Orillia, Ontario within the next 30 days, making Facedrive the first rideshare service to be licensed in the City of Orillia.

Yahoo Finance

Read More

Facedrive to Launch in Orillia, Ontario

TORONTO — Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly ridesharing network, is pleased to announce that it expects to officially launch its rideshare services in Orillia, Ontario within the next 30 days, making Facedrive the first rideshare service to be licensed in the City of Orillia.
Facedrive is a first of its kind, 100% Canadian, ridesharing platform that is designed to incentivize and empower the green and socially responsible consumer that is looking to make a meaningful and measurable impact.

Financial Post

Read More

Starting A Green Revolution In Ubers Back Yard

Uber transformed transportation when it spent a fortune turning ride-sharing into a mainstream mode of transportation. But the 2.0 version of ride-sharing is where the real disruption begins. It fixes everything that’s wrong and latches onto a mega-trend the giants shouldn’t have ignored: ethical investing. This is where drivers get a boost, riders get a choice, and CO2 goes neutral.

Baystreet

Read More

Facedrive Announces Closing of $1M Private Placement

TORONTO--(BUSINESS WIRE)--Facedrive Inc. (“Facedrive”) (TSXV:FD), the first Canadian peer-to-peer, eco-friendly ridesharing network, is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) of 361,010 common shares issued at a price of $2.77 per share for aggregate gross proceeds of $1,000,000.00. All shares issued pursuant to the Private Placement are subject to a four-month hold period, while funds raised are to be used for business development, market expansion and driver and rider acquisition.

Business Wire

Read More

Facedrive Announces Successful First Season with the Hamilton Tiger-Cats and Forge FC Hamilton

Official Ride Share App Saved Fans Over $35,000 During 2019
TORONTO — Facedrive Inc. (“Facedrive” or the “Corporation”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly ridesharing network, is pleased to announce the completion of its successful debut season as the Official Ride Sharing Platform of the Hamilton Tiger-Cats and Forge FC Hamilton, which began in April 2019. Fans visiting the Tim Hortons Field in Hamilton, Ontario, had the opportunity to enjoy the convenience of the “Facedrive Ride Zone” located on Balsam Avenue North in Hamilton to enhance the simplicity of their travel to and from events using our platform while achieving our mission of reducing the carbon footprint in an effort to improve the environment.

Business Wire, Financial Post

Read More

Facedrive Announces Continued Growth in 2019

Facedrive Inc. (“Facedrive”) (TSXV:FD), the first Canadian peer-to-peer, eco-friendly ridesharing network, is pleased to announce that it has achieved significant month-over-month growth in number of requested and completed rides during fiscal 2019. Facedrive has also continued to demonstrate its commitment to environmental sustainability by teaming up with Forests Ontario to plant 1,131 trees in Ontario during the last quarter of 2019, and a total of 3,226 trees in 2019 alone.

Business Wire

Read More

Facedrive collaborates with local food banks across Ontario for its Holiday Food Drive

Donors will get up to $10 in Facedrive ride credits as a token of thanks for their support. Organizations who donate will receive $1 in Facedrive ride credit for every canned item.

It is the season for giving back and we believe there is no better time to help those in need. We would like to encourage residents and visitors in all the regions we operate, to donate some non-perishable food items, whether set aside from your pantry or bought from a nearby grocery store.

Facedrive

Read More

Facedrive Partners With Freshwater Advisors to Enter the U.S. Market Through Strategic Partnerships

Facedrive Inc. (“Facedrive” or the “Corporation”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly ridesharing network, today announced that it has entered into a Strategic Service Advisory Agreement with Freshwater Advisors (“Freshwater”) to assist Facedrive in sourcing and developing environmentally focused partnerships to support Facedrive’s growth initiatives, specifically in the United States. Freshwater is a U.S.-based national venture catalyst and innovation consultancy firm that connects businesses to entrepreneurial ecosystems, such as Facedrive.

Facedrive

Read More

Facedrive Reports Third Quarter 2019 Results.

Facedrive Inc. ("Facedrive" or the "Corporation") (TSX-V: FD), the first Canadian peer-to-peer, eco-friendly ridesharing network, today announced its financial results for its third quarter ended September 30, 2019 ("Q3 2019"). All financial results are reported in Canadian dollars unless otherwise stated.

Facedrive

Read More

Facedrive Invests in Westbrook to Bring New, Preferred Content to Its Rider Experience.

TORONTO — Facedrive Inc. (“Facedrive” or the “Corporation”) (TSX-V: FD) the first Canadian peer-to-peer, eco-friendly ridesharing network, today announces its investment into Westbrook Global Inc. (“Westbrook”), the content creation company founded by Will Smith, Jada Pinkett Smith, Miguel Melendez, and Kosaku Yada.

Facedrive

Read More

Facedrive Expands Service to Kitchener, Waterloo and Cambridge, Offering the Region Its 1st Green Choice in Ridesharing.

TORONTO — Facedrive Inc. (TSXV: FD), (“Facedrive”) the first Canadian peer-to-peer, eco-friendly ridesharing network, announces its official expansion into the Kitchener, Waterloo and Cambridge region (“KWC”) on October 25th, 2019. Facedrive offers residents and visitors a safe and easy way to get around the city only with a few taps on their mobile device. Unlike others, Facedrive is not just another rideshare – it is 100% Canadian and is also eco-friendly, focussing on vehicle emissions reduction. Customers can request rides in electric, hybrid and gas-powered vehicles through the Facedrive app.

Financial Post, Business Wire

Read More

Facedrive partners with ReForest London to help plant 1 million trees in London, Ontario.

LONDON - Facedrive Inc., the first Canadian peer-to-peer ridesharing network is proud to announce its partnership with ReForest London, a non-profit organization dedicated to enhance environmental and human health in Forest City, through tree planting initiatives.
With Facedrive, riders can choose between gas, hybrid and electric vehicles when requesting a ride on the app. Every ride taken contributes towards tree planting, done locally within the city to help residents and visitors take advantage of improved environmental health.

Facedrive

Read More

High Mountain Capital Corporation Announces Conditional Approval for Qualifying Transaction with Facedrive Inc.

High Mountain Capital Corporation (TSXV: BUZD.P) ("High Mountain") is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the "TSXV") for its Qualifying Transaction (as such term is defined by the TSXV) with Facedrive Inc. ("Facedrive"), pursuant to which High Mountain and Facedrive will combine their respective businesses (the "Transaction").
The Transaction remains subject to the final approval of the TSXV and satisfaction of closing conditions customary for transactions of this nature. High Mountain, upon and subject to completion of the Transaction, (the "Resulting Issuer") will continue under the name "Facedrive Inc" and trade on the TSXV under the symbol "FD". The Transaction is expected to close on or around September 11, 2019.

Yahoo Finance, Newsfile Corp.

Read More

Canada’s Facedrive Expands Service to Guelph, Ontario.

Facedrive Inc. (“Facedrive”), the first Canadian peer-to-peer, ridesharing network, today announces its official launch in The City of Guelph, Ontario, one of Canada’s best places to learn, live, work and play. Facedrive offers residents, students and visitors a safe and easy way to get around the city only with a few taps on their mobile devices. Unlike others, Facedrive is not just another rideshare – it is 100% Canadian and is also eco-friendly, focussing on vehicle emissions reduction. Customers can request rides in electric, hybrid and gas-powered vehicles through the Facedrive App.

Business Wire

Read More

Facedrive Becomes Contributing Sponsor to the CNE and Offers Visitors Easy, Safe and Affordable Transport to the Fair.

Facedrive Inc. (“Facedrive”), the first Canadian peer-to-peer ridesharing network, becomes a contributing sponsor and rideshare partner of The Canadian National Exhibition (CNE), Canada’s largest community event and one of the top agricultural fairs in North America. Every ride taken with Facedrive contributes towards reducing the carbon footprint in the environment and tree planting – Through this valued partnership, Facedrive will also help the CNE enhance its ‘Green Initiatives’. Each ride guarantees a tree is planted in the City of Toronto, and riders can track the number of trees planted through the Facedrive App.

Business Wire, Financial Post

Read More

Facedrive Expands Service to London, ON.

Facedrive Inc. (“Facedrive”), the first Canadian peer-to-peer, ridesharing network, announces its official launch in The City of London, Ontario known as the ‘The Forest City’ on August 16th, 2019. Facedrive offers residents and visitors a safe and easy way to get around the city only with a few taps on their mobile devices. Unlike others, Facedrive is not just another rideshare – it is 100% Canadian and is also eco-friendly, focussing on vehicle emissions reduction. Customers can request rides in electric, hybrid and gas-powered vehicles through the Facedrive App.

Business Wire, Financial Post

Read More

Tiger-Cats & Forge FC Announce Partnership with Rideshare Service Facedrive

RICHMOND HILL, Ontario--(BUSINESS WIRE)--The Hamilton Tiger-Cats Football Club and Forge FC Hamilton announced Monday that Facedrive Inc., a 100% Canadian, eco-friendly ride share company, has become the official rideshare partner of both teams.
“In a continued effort to increase the ease and convenience of travel to and from Tim Hortons Field for our fans, we’re extremely pleased to partner with Facedrive Inc.,” said Matt Afinec, President and C.O.O. of the Hamilton Tiger-Cats and Forge FC. “We share in Facedrive’s mission to provide eco-friendly, convenient and safe transportation for all community members, and this will serve as a great alternative to driving for anyone coming to the stadium for a football or soccer game in 2019.”

Business Wire, Financial Post

Read More

Facedrive is a proud partner of Forests Ontario.

Facedrive is happy to announce its partnership with Forests Ontario, a non-profit registered charity dedicated to making Ontario’s forests greener. Its ambitious tree planting initiatives, extensive education programs, and decades of community outreach have helped plant millions of trees in the province each year. Within the partnership, Facedrive commits to donate funds towards tree-planting initiatives in Ontario for every kilometer driven!

Facedrive

Read More

Facedrive is a designated Team Sponsor of Brave T.O. 2018

We are happy to announce that Facedrive was designated a Team Sponsor of Brave T.O. 2018, an obstacle race in support of Scarborough and Rouge Hospitals, which took place on Saturday, September 29, 2018, in Morningside Park, Toronto. Brave T.O., inspired by Toronto's first responders, was a fun run designed to give community a chance to make a difference in Scarborough's healthcare and fundraise for any of Scarborough and Rouge Hospitals' departments. Facedrive had an on-site activation camp at Finishers' Village that offered fun-filled quizzes, draws, treats and Q&A to all attendants. For more information on the event, please visit the Brave T.O. website http://www.brave.to.

Facedrive

Read More

Facedrive is a proud sponsor of TELUS Swing for a Cure Tournament!

Facedrive is proud to announce that we were a sponsor for the TELUS Swing for a Cure Tournament supporting the Breast Cancer Cause at the Canadian Cancer Society. It was another successful fundraising event that took place on Thursday, September 20. Not only do we want a better environment, but we want a breast cancer free future for our mothers, wives, sisters, daughters, and friends too! https://telusswingforacure.com/

Facedrive

Read More

Facedrive Announces Its Strategic Partnership with the OACP in Support of the 2018 Drive Safe Campaign

Facedrive Inc. (“Facedrive”), a growing peer-to-peer ridesharing network based in Toronto announces its strategic partnership with the Ontario Association of Chiefs of Police (OACP), in support of the 2018 Drive Safe Campaign. This partnership unites two organizations with an aligned purpose to ensure that Ontarians continue to confidently enjoy the safe roads they deserve while promoting connected communities, a stronger economy, and a greener planet. “Our commitment is to ensure that Ontario remains a great place to live and work” “We are driven to accelerate safe and sustainable solutions for our communities and environment,” says Facedrive Chairman, Sayan Navaratnam.

Facedrive

Read More

Facedrive signs DependableIT and DynaLync to Manage Business Process and IT Platform Development

Facedrive Inc. (“Facedrive”), a growing peer-to-peer ridesharing network, selects DependableIT (“DIT”), an integrated call centre solution provider, to manage support processes and client service with customers and drivers. Facedrive Inc. also selected DynaLync, an enterprise level IT solutions and staffing firm, to lead technology infrastructure development.

Facedrive

Read More

Canada’s Facedrive Names DECOSTA as Its Global Agency

Facedrive Inc. (“Facedrive”), a growing peer-to-peer ridesharing network, selects DECOSTA Global (“DECOSTA”) to create international awareness of its sustainable on-demand transportation solution that benefits riders, drivers and the planet.

Facedrive

Read More

Canada’s Facedrive to join the Malar Group of Companies

Major banks and Investment firms watch closely as Facedrive completes its round of financing with Malar, positioning it for rapid success and market conversion.

Facedrive

Read More
1