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press release

March 12, 2020, 10:45 a.m. EDT

The Taxi Service That Plants Trees As it Goes

FN Media Group Presents Oilprice.com Market Commentary

LONDON, March 12, 2020 /PRNewswire/ -- If it's not green, it's not millennial--and that's a big problem for a company like Uber, or Lyft. Millennials love ride-sharing, but they don't appreciate the CO2 footprint that comes with it.  Mentioned in today's commentary includes:  BlackRock, Inc. /zigman2/quotes/207946232/composite BLK -1.53% , Uber Technologies, Inc. /zigman2/quotes/211348248/composite UBER +6.35% , Lyft, Inc. /zigman2/quotes/208999293/composite LYFT -1.48% , Tesla, Inc. /zigman2/quotes/203558040/composite TSLA +3.62% , Beyond Meat, Inc. /zigman2/quotes/211617595/composite BYND +6.18% .

The immediate problem for Uber is this: The next-generation of ride-sharing is already here--born out of massive millennial demand. It's green through and through, and it's set to command some serious market share. 

Millennials are driving a new mega-trend: impact-investing. And funds riding this wave are already boasting over $30 trillion in assets. Facedrive , the first ride-sharing company that lets you plant a tree while you drive and choose exactly what kind of footprint you want to leave behind, is leading this new trend.

"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." 

This Trend Is Already Mega

The biggest disruption in the world right now--outside of the coronavirus--is that major hedge funds are giving in to the pressure and moving money into things that are environmentally and socially responsible. This is an ethics squeeze worth billions. Jeff Bezos, the richest man on the planet, just committed a whopping $10 billion to a Global Earth Fund.

Larry Fink, the CEO of BlackRock (BLK)-- one of the world's largest hedge funds, told CEOs around the world last month that climate change has become a "defining factor in companies' long-term prospects". 

That, he said, would lead to a significant reallocation of capital--and it's going to happen a lot sooner than anyone previously expected. He's far from alone. 

"For the first time since WWII we sense a shift in which climate and the environment — not growth — will become the priority of governments and their citizens, as shortages of food, clean water and air become existential questions," Saxo Bank Chief Economist Steen Jakobsen said in his latest quarterly outlook report. Green stocks are set to eclipse the current technology monopolies, and even the world's top oil traders are going green. 

Last year alone, 479 green bonds were issued globally--a 25% increase over 2018. And 2020 is going to be a "bumper" year for green, according to Linklaters. 

While this revolution in investing that is changing everything may seem sudden--it's not. We can track its acceleration over the years and its path to becoming a mega-trend by 2019-2020. Facedrive caught on to the mega-trend years ago. 

"We're all about grabbing onto the biggest trends in tech before they're mega-trends. So that takes us back to 2016, when we first came up with the idea. Whenever a major new trend emerges, it's the job of the truly innovative to step back and say 'OK, this is an explosively great idea - so what's wrong with it?' When you figure that out, and you've got the right network and the right people behind you, you can jump in on one of the biggest trends and disrupt a massive market at exactly the right time," Navaratnam said. 

One problem for Uber (UBER ) was timing: Bears have been circling the wagons for a while, warning the Uber's ration is unsustainable. But bulls have been quick to point out how other revolutionary tech companies like Amazon and Facebook posted losses after their IPOs, before going on to become fabulously profitable .

Lyft (LYFT)

is another innovator struggling with timing. Right now, Lyft is valued at many more times its sales, and it's still losing money—like Uber. But it does have some cash on hand, and it is investing in micro-mobility, too, through bike-sharing startups.

It's all about choice these days, and the disruption here is Facedrive's offer of choice to the customer, who can seamlessly choose whether they want an EV or a hybrid, rather than a conventional car. And even if they choose conventional, they're still making a green choice because the CO2 is being offset for them. That's a millennial must.  It's also an investor must that's attracting some huge names. 

The drive for lower emissions has sparked the interest of commercial global mega-banks. Scotia Bank has already pledged over $100 billion to lower carbon emissions TD bank has also pledged billions. As larger more forward-thinking firms want to be associated with the ride-sharing company that has finally understood the market.

Nor has it gone unnoticed by celebrities, including Will Smith and Jada Pinkett Smith. Facedrive has invested in the celebrity couple's WestBrook Global Inc., which gives them access not only to content distribution monetization on the side, but also to some 120 million additional social media followers. 

The Green Ride of a Lifetime

The biggest negative impact associated with the explosive popularity of ride-hailing is pollution. A recent study by the Union of Concerned Scientists estimates that the average (U.S.) ride-hailing trip results in 69% more pollution than whatever transportation option it displaced. 

That's a huge number, that scientists estimate is actually higher in densely populated areas. In this age of green investing, this is data that millennials find hard to swallow. But now, they don't have to. Now they can plant a tree every time they take a ride.  Facedrive ride-hailing offsets any 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 an equivalent monetary value to the local organizations to plant trees. They have partnered with Forest Ontario and have planted over 3,500 trees last year in their soft launch phase. 

Facedrive allows its riders to choose between EVs, hybrids and traditional cars. It's a choice no one's ever given to consumers, and it means that it pleases everyone. For all those riders who are fine with the conventional, Facedrive is by no means sidelining them. They're just offsetting the related emissions. And it also resonates with the wallet because riders aren't paying a premium for offsetting. Local communities will also reap the benefits, which means that officialdom should be solidly on board. 

Millennials Win Ride-Hailing Battle for Supremacy

The ride-sharing giants have been pushing for diversification with hefty bets on food and grocery delivery, scooter and bike rentals and even a proto-bank like Uber Money. Facedrive, too, is pushing diversification from the starting gate, with green delivery services. But what the giants have ignored is environmental pressure--and that's exactly where this battle for supremacy could be decided. 

Millennial investors are nearly twice as likely to invest in companies or funds that target specific social or environmental outcomes. That's why companies like Tesla (TSLA) and Beyond Meat (BYND) have exploded.

Tesla is the de-facto leader in the electric vehicle industry, and widely adored by many millennials across the globe. Beyond Meat, for its part, was a first-mover in the meatless movement, garnering attention from a new generation of investors looking out for the next big trend.

And as far as ride-sharing goes, Facedrive got there first, and its ride count has gone from 100 a day just 4 months ago to around 1,000 rides per day right now --and counting. 

And now, comes the next push, as Facedrive slides things into fifth gear by expanding into the U.S. and European markets in Q3-Q4 of 2020. 

Ride-sharing has already been overwhelmingly sold to the public. That means that the next-gen, green version of this $235-billion global business doesn't have to fork over a ton of capital to convince the market. They don't have to pile on losses and some day hope for profitability. They just have to be green. 

By. Charles Kennedy

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements.  Forward looking statements in this publication include that the demand for ride sharing services will grow; that the demand for environmentally conscientious ride sharing services companies in particular will grow; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plan. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; the company's ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company's expansion activities; the ability of the company to attract a sufficient number of drivers to meet the demands of customer riders; the ability of the company to attract drivers who have electric vehicles and hybrid cars; the ability of the company to keep operating costs and customer charges competitive with other ride-hailing companies; and the company's ability to continue agreements on affordable terms with existing or new tree planting enterprises. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

ADVERTISEMENT. This communication is not a recommendation to buy or sell securities. An affiliated company of  Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively "the Company") has signed an agreement to be paid in shares to provide services to expand ridership and attract drivers in certain jurisdictions outside Canada and the United States. In addition, the owner of Oilprice.com has acquired additional shares of FaceDrive (FD.V) for personal investment. This compensation and share acquisition resulting in the beneficial owner of the Company having a major share position in FD.V is a major conflict with our ability to be unbiased, more specifically:

This communication is for entertainment purposes only. Never invest purely based on our communication. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the featured company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.

SHARE OWNERSHIP. The owner of Oilprice.com owns shares of this featured company and therefore has a substantial incentive to see the featured company's stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. 

NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

RISK OF INVESTING. Investing is inherently risky. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any stock acquisition will or is likely to achieve profits.

DISCLAIMER:  OilPrice.com is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OilPrice.com or any company mentioned herein.  The commentary, views and opinions expressed in this release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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SOURCE OilPrice.com

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