bp invests in free local electric transit business Freebee | News and insights | Home
Summary
bp led the businesss $8 million Series A funding round, with support from Freebees current infrastructure capital partner, Tensile Mobility. Freebees free-to-the-user trips are financed through local governments as part of municipalities public transport networks, and also by private entities such as corporate business parks, hotels and resorts, and university campuses. The service is currently available in more than 25 municipalities and campuses in Florida and Virginia, with Freebee targeting expansion into seven new cities in the two states before the end of 2022. Our goal is to accelerate our growth and continue executing our mission of providing equitable and accessible transportation, which in turn helps drive economic development and stimulates the local economies. Shaun Healey, principal at bp ventures, will join the Freebee board, along with Dabo Horsfall, CEO of Tensile Mobility.