STEER Holdings to Lease 1,000 Electric Vehicles from Enterprise Fleet Management

STEER Holdings, a wholly-owned subsidiary of Facedrive, an integrated ESG technology platform, agreed to lease more than 1,000 electric vehicles valued between $80 and $150 million from Enterprise Fleet Management for its EV subscription business, STEER EV.

“We are very happy to partner with Enterprise Fleet Management. We believe we can make a real difference in the electric vehicle subscription space by continuing to expand this flexible, customer-centric and environmentally conscious model to a wider market,” Suman Pushparajah, CEO of STEER, 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 was acquired by STEER Holdings from a wholly-owned subsidiary of Exelon Corporation in September 2020 to challenge traditional car ownership models and to facilitate the transition to eco-friendly mobility solutions for individuals and businesses.

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Terry Mulreany
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