Circuit, a New York-based provider of an on-demand, electric shuttle service, raised $11M in Series A funding.
The round was led by Tribeca Venture Partners with participation from Citi Impact Fund, Impact Engine, Groundswell Ventures, Gaingels, the Los Angeles Cleantech Incubator (LACI) Impact Fund and Forefront Venture Partners.
The company intends to use the funds grow its team, enhance its technology, and expand to more markets.
Led by James Mirras and Alex Esposito in 2011, Circuit is an electric, micro-transit solution that uses fleets of cars to fulfill the first/last-mile gap that’s experienced by municipalities around the world. The service is made possible by collaborating with municipalities, developers and advertising partners. Since starting the company as a pet-project in their hometown, the business is now operating in cities across NY, FL, CA, NJ, CO, MA, and TX, and has provided over 6M rides.
FinSMEs
07/09/2022