| OTC Tier: OTCQX International | Related ticker symbols: TSXV: STER
About Steer Technologies[edit]
Description[edit]
Steer Technologies Inc. runs an all-inclusive ESG technology platform that delivers subscription and on-demand services. The company offers STEER EV, a subscription-based package anchored by its primary electric vehicle subscription enterprise, as well as options for long-term electric vehicle ownership or rental. Additionally, they provide on-demand services, which encompass delivery services, a B2B marketplace, Delivery-as-a-Service, food delivery service, and rideshare operations. Steer Technologies Inc. conducts its business in the United States and Canada. The company was previously known as Facedrive Inc. but underwent a name change to Steer Technologies Inc. in October 2022. It was originally established in 2016 and has its headquarters located in Scarborough, Canada.[1]
Facedrive[edit]
The company was formerly known as Facedrive, and traded under the symbol FDVRF. The name was changed to Steer Technologies Inc in October, 2022. These changes occurred after legal issues based on issuing misleading press releases resulted in company executives being banned from holding the position of director in any publicly traded Canadian company. At it's peak, Steer had a market cap of over $5 billion.[2]
Business Plan[edit]
Purpose[edit]
Steer aims to offer socially-responsible services to local communities just with a tap of a button on the Steer App. The company is committed to conducting business fairly, equitably, and sustainably. The company intends to achieve its mandate through services that either leverage existing technologies of the company or project synergies with existing lines of business. Steer's concept is to offer a transportation network that is inherently and proactively socially responsible. Three additional verticles, the company incorporated an e-commerce platform, food delivery, and health tech services due to Covid-19.[3]
Acquisitions[edit]
Steer Inc. completed the acquisition of EcoCRED, LLC on April 14, 2020. EcoCRED offers science-backed carbon offsets to empower communities, businesses, and individuals to get closer to a carbon-neutral lifestyle through EcoCRED App.[4]
Back-to-Business[edit]
In August 2021, the company launched its Back-to-Business kit, which includes a suite of screening, contact tracing, rapid testing kits and health wallet solutions to help counter Covid-19.[5]
References[edit]
- ↑ Yahoo Finance. STEEF Stock Profile. Retrieved on 1/6/2024.
- ↑ Cantech Letter. Facedrive Stock: What Happened?. August 31, 2023. Archive link.
- ↑ steeresg.com. About Us. Retrieved on 1/6/2024.
- ↑ businesswire. Facedrive Acquires EcoCRED, LLC From Exelon Subsidiary Exelorate. April 14, 2021.
- ↑ businesswire. Facedrive Provides a Corporate Update. September 1, 2021.
