The Hottest Startup in the Market Plants Trees While Offering a Smooth Commuting Experience to its Customers

FN Media Group Presents Oilprice.com Market Commentary

LONDON, March 26, 2020 /PRNewswire/ -- Mankind has come a long way in a short time since ride-sharing emerged as a mainstream offering. Now, there's even an app that lets consumers participate in one of the biggest trends of the decade without leaving an environmental footprint. It's the app that does what Uber and Lyft don't, or can't afford to. Mentioned in today's commentary includes: General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F), Uber Technologies, Inc (NYSE: UBER), Lyft, Inc (NASDAQ: LYFT), BlackRock, Inc. (NYSE: BLK).

Downloading it and hitching a ride with it means planting trees along the way. It also means, for the first time in our short ride-sharing history, having the option to choose to hail an EV or a hybrid to cut down on CO2. The app is from Facedrive, and it's not just another ride-sharing service--it's the next-generation model, and it's working to help the environment. 

What Riders Want

What the younger generation of riders want is exactly what the environment wants: An environmentally friendly solution to the mega-trend of sharing--and in this case, sharing rides. In other words, they want the cliche of "sharing is caring" to mean something. Millennial investors are nearly twice as likely to invest in companies or funds that target specific social or environmental outcomes. 

"It's not just that millennials, and younger generations in general, are increasingly opting out of the expenses and hassles of owning and parking a car," Facedrive CEO Sayan Navaratnam told Oilprice.com in a recent interview. "It's phenomenally bigger than that: Millennials demand more conveniences, and they demand that they be green. We are giving them that before anyone else does." 

Because it offsets any possible CO2 emissions, and for the very first time in ride-sharing history, gives customers the choice to be even more environmentally conscious. 

This is innovative, state-of-the-art, technology. FD's in-app algorithm calculates estimated CO2 emissions for each car journey and allocates a monetary value to Forest Ontario. Toronto Parks and Tree Foundation. That makes ride-sharing less polluting.