Picture: Steer EV
Steer EV has announced that it is partnering with Enterprise Fleet Management to lease over 1,000 EVs. Steer EV was bought out by Facedrive, a Canadian ride-sharing company, in 2020 for $3.25 million. Since then, the EV subscription market has taken off.
Steer EV’s new agreement with Enterprise Fleet Management expects to be a growing trend as businesses and consumers transition to cleaner, sustainable solutions.
The company gives customers the option to drive electric vehicles without having to ease their own. Models include Tesla Model 3, Audi e-tron and the Tesla Model X.
Steer EV offers subscription services starting at $1,299/month. The basic plan allows two vehicle swaps per month, insurance coverage, routine service & maintenance, roadside assistance, EV charging resources, and more.
For a higher monthly fee, users can enjoy unlimited vehicle swaps. To get started, all you need to do is download the Steer subscription app, select your plan and schedule your EV delivery. Then, you can manage your subscription and swap EVs directly from the app.
Steer EV’s new contract with Enterprise Fleet Management is a big step for the company’s planned US expansion.
Steer EV sees the new deal with Enterprise Fleet Management as an ample opportunity to grow its US presence. The agreement is worth between $80 and $150 million for over 1,000 EVs.
Suman Pushparajah, CEO of Steer EV has said “The data we have collected, including from our recent launches in Texas and British Columbia, as well as preparations for the upcoming launch in Florida, has demonstrated a growing demand for a month-to-month all-inclusive subscription service. With the help of this partnership with Enterprise Fleet Management, STEER is on track to fulfill demand and scale its fleet considerably in the months to come.”
Steer EV expects its aggressive expansion with Enterprise Fleet Management to translate to organic revenue growth in 2022 and 2023.