TORONTO--(BUSINESS WIRE)--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.
The central focus of HiRide Social is to drive young people to stay home amid COVID-19, while also encouraging people to build connections and combat loneliness. Inspired by Netflix’s “Love is Blind”, HiRide Social members are paired virtually with one another based on a set of individual preferences. Members are then put into a chatroom with an option of a virtual voice chat experience. Subject to mutual consent, members then activate phase 2 which includes options to continue voice chatting, change to video chatting, or end chat.
“In these unprecedented times, everyone on the planet is facing the impacts of COVID-19. It is becoming increasingly clear that businesses must adapt through these turbulent times. HiRide is no exception,” said Akshat Soni, CEO of HiRide.
“These are challenging circumstances for everyone, and we want to help connect more people from the comfort and safety of their home. Our company has always been about driving social interaction, and this is another opportunity to do just that,” added Soni.
HiRide Social marks the first big market milestone subsequent to its strategic acquisition by Toronto’s ridesharing company, Facedrive Inc. Environmental and social responsibility is in Facedrive’s DNA as the company plants trees and gives riders the option between electric, hybrid, and gas-powered vehicles. The acquisition comes amid the expansion of both companies into new cities globally, and will help deliver end-to-end service to its users, with Facedrive acting as the first and last mile for longer-distance commuters using the HiRide car-pooling app.
Driven by similar principles of social and environmental responsibility, both companies expect the longevity of this acquisition to propel both companies to new heights in regard to business development and strategic objectives.
HiRide is an evolution in carpooling. HiRide is an innovative, first-of-its-kind long-distance travel carpooling app that seeks to change the face of transportation for commuters. Our mission is to transport students and professionals all across the globe to their desired destinations. HiRide is an entirely new, people powered global transport network that connects drivers with empty seats to passengers looking for a ride. Our goal is to make travel and social life efficient as well as more affordable for our members worldwide. We do this through our offering of an innovative platform, dedicated customer service, and a fast-growing community of users. Our mission is to reduce the negative impact of the ride-sharing segment on the environment.
For more about HiRide, visit www.Hiride.ca.
Facedrive is a “people-and-planet first” ridesharing platform, and the first to offer green transportation solutions in this space. Facedrive is committed to doing business fairly, equitably and sustainably. It is firmly dedicated not only to providing seamless customer service, offsetting CO2 by planting trees, and giving riders a choice between electric, hybrid and conventional vehicles, but also to its drivers. Facedrive is a community network designed to become the #1 recognized eco-friendly and socially responsible TaaS platform in any market that it enters.
For more about Facedrive, visit www.facedrive.com.
100 Consilium Pl, Unit 400, Scarborough, ON, Canada M1H 3E3
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 the Corporation’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.