Circuit Raises $11M Series A to Expand EV Shuttle Business
Summary
Weve seen a huge uptick in demand and opportunities as cities and developers pay closer attention to congestion, emissions, and efficient mobility solutions. We couldnt be more excited about the round and, more importantly, the great group of investors that well have on our side to help scale the business," Alex Esposito, Co-Founder of Circuit. "The first/last-mile transportation issue has been a challenge for Cities, Transit Agencies and developers for a very long time," said Brian Hirsch, co-founder and Managing Partner of Tribeca Venture Partners. " Through its tech-enabled platform, which includes the Circuit app, the company implements on-demand ride-share services to help urban dwellers get around the neighborhood in a sustainable, affordable, and interactive way. Since starting the company as a pet-project in their hometown, the business is now operating in cities across NY, FL, CA, NJ, CO, MA, and TX, and has provided over 6M rides without burning an ounce of gas or traveling more than a few miles.