Facedrive to Launch Green Ridesharing Network in Ottawa on Canada Day

- June 23rd, 2020

Facedrive is pleased to announce that it will be launching its services in Ottawa, Ontario, on July 1, 2020.

Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ridesharing network, is pleased to announce that it will be launching its services in Ottawa, Ontario, on July 1, 2020. Newly licenced in Canada’s capital, Facedrive is expected to offer its services to Ottawa’s residents starting on Canada Day, in accordance with its national and global expansion plans.

Facedrive is a first of its kind, 100% Canadian ridesharing platform that is designed to incentivize and empower the green and socially responsible consumer looking to make a meaningful and measurable impact. Facedrive’s environmentally-friendly philosophy of ridesharing allows passengers to request rides in electric, hybrid or gas-powered vehicles through the Facedrive pp. Trips completed using the Facedrive App help offset C02 emissions by contributing a portion of the rider’s fare to carbon offset initiatives, such as tree planting, without riders having to pay a premium price.

In preparation for the launch, Facedrive employed a thorough multi-step driver onboarding process to ensure that all of its drivers are adequately trained on safety protocols, including COVID-19 prevention and response measures, before they are approved to deliver rides through the platform. As businesses reopen and people return to work, Facedrive is committed to working closely with the City of Ottawa and the local authorities to support the city’s needs for transportation solutions at this critical time for all.

“We are thrilled to be expanding our operations to Canada’s capital to provide essential ridesharing services as the city reopens,” said Suman Pushparajah, Chief Operating Officer of Facedrive. “The launch of our rideshare services will be our first step in introducing Ottawa to Facedrive’s ESG (environmental, social and governance) strategy, with our other verticals such as Facedrive Foods, Facedrive Marketplace and Facedrive Health to launch in Canada’s capital in the near future,” added Pushparajah.

A safe transportation solution is critical amid the coronavirus pandemic, and Facedrive is working together with a number of municipal authorities to bridge transportation gaps as it expands its services throughout Canada and internationally. Facedrive’s ongoing commitment is to demonstrate that ridesharing can put people and planet first in an economically feasible manner.

About Facedrive

Facedrive is a multi-faceted “people-and-planet first” platform offering socially-responsible services to local communities with a strong commitment to doing business fairly, equitably and sustainably. Facedrive rideshare was the first to offer green transportation solutions in the TaaS space, planting thousands of trees and giving users a choice between EVs, hybrids and conventional vehicles. Facedrive Marketplace offers curated merchandise created from sustainably sourced materials. Facedrive Foods offers contactless deliveries of healthy foods right to consumers’ doorsteps. Facedrive Health develops innovative technological solutions to the most acute health challenges of the day. Facedrive is changing the ridesharing, food delivery, e-commerce and health tech narratives for the better, for everyone.

For more about Facedrive, visit www.facedrive.com.

About the City of Ottawa

As the capital of Canada, the City of Ottawa is home to more than one million people and is the fourth largest municipality in the country. Ottawa is internationally renowned to live and to do business in; the many awards received are a testament to that. Furthermore, Ottawa has been rated the most business-friendly environment and the third best city for Foreign Direct Investment (FDI) out of 77 mid-sized cities in the Western Hemisphere. With a vibrant technology sector, Ottawa is a great place to live, work and play.

For more information about Ottawa, please visit www.ottawa.ca.

Facedrive Inc.

100 Consilium Pl, Unit 400, Scarborough, ON, Canada M1H 3E3

www.facedrive.com

Forward-Looking Information

Certain information in this press release contains forward-looking information. This information is based on management’s reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.

See “Forward-Looking Information” and “Risk Factors” in Facedrive’s Filing Statement dated August 28, 2019 for a discussion of the uncertainties, risks and assumptions associated with these statements. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Media: Sana Srithas | sana@facedrive.com

Sayan Navaratnam

Chief Executive Officer and Director

Tel: 1-888-300-2228

Copyright Business Wire 2020
Business Wire
June 23, 2020 – 4:45 AM PDT
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