Freebee Raises $8M in Series A Funding

bp invests in Freebee ride sharing app
bp invests in Freebee ride sharing app

Freebee, a Miami, FL-based company that provides free, on-demand transportation to local communities through their mobile app Ride Freebee, raised $8M in Series A funding.

The round was led by bp ventures with participation from Tensile Mobility. Shaun Healey, Principal at bp ventures, will join the Freebee board, along with Dabo Horsfall, CEO of Tensile Mobility.

The company intends to use the funds to scale the business across the US and will explore opportunities to collaborate on the roll-out of EV charging infrastructure, progressing bp’s mobility growth engine.

Led by Kristopher Kimball and Jason Spiegel, Freebee provides free, on-demand ride-hailing using electric vehicles to app users. The service is financed by local governments and entities, such as corporate business parks and universities, to cover defined areas or specific routes. The company owns a fleet of more than 150 electric vehicles and employs more than 230+ drivers on a full-time basis.

FinSMEs

21/10/2022