#United States #New York #electric mobility #Circuit #Urban Transit

Circuit Secures $17 Million to Enhance Urban Mobility

As urban areas face rising congestion, parking issues, and accessibility challenges, the necessity for innovative and sustainable transportation solutions has become increasingly urgent. Circuit, a pioneering company in tech-driven shared mobility, has successfully raised $17 million in Series B funding to further improve its electric shuttle services and scale operations across various cities.

This latest funding round, led by MKB, saw participation from several previous investors including Tribeca Venture Partners and Impact Engine. The fresh capital will enable Circuit to enhance its proprietary technology platform and strengthen collaborations with cities, property developers, and businesses—broadening its impact on urban transit scenarios.

A Proven Solution to Urban Mobility Issues

Circuit's microtransit services, specifically designed for the last mile, present an efficient and cost-effective answer to the transportation struggles faced by urban residents. The company specializes in providing environmentally friendly shuttle solutions that rely solely on electric vehicles, which have facilitated over 1.9 million passenger rides since the Series A funding in 2022, simultaneously preventing more than 1,050 metric tons of greenhouse gas emissions.

With operations spanning over 40 cities, Circuit is showcasing its ability to offer impactful, scalable, and tailored transportation solutions that resonate with the unique requirements of urban settings. The newly acquired funding aims to further reduce wait times for users while introducing new engaging features to enhance the overall experience.

Antonio Occhionero, Managing Partner at MKB, commented on the investment: "With a proven track record in scaling sustainable transit solutions, Circuit stands out as a leader in cost-efficient and rider-focused urban mobility. We are proud to support Circuit as it continues to lead the way in redefining short-range, electric mobility for cities, businesses, and commuters alike."

Expansion Plans and Community Engagement

As part of its growth strategy, Circuit has recently expanded its services into new markets including Orlando, Avalon, Boca Raton, and Long Beach. In addition, the company has fortified its existing operations in prominent areas such as San Diego, New York, West Palm Beach, Fort Lauderdale, and Huntington Beach. These advancements underline its commitment to providing valuable last-mile transit solutions while scaling its operations effectively.

Alex Esposito, CEO of Circuit, emphasized the significance of this funding round, stating, “This Series B round marks an essential step forward as we execute on our vision to electrify downtown transit systems. We're delivering the right solutions at the right time, as cities seek efficient methods to address congestion and emissions while enhancing access and mobility.”

Sustainable Future in On-Demand Transportation

The increasing shift toward on-demand electric transportation indicates that Circuit is well-positioned to lead the charge in short-range mobility. Their scalable public-private model allows them to effectively meet the evolving transportation needs of urban populations.

If you're interested in providing sustainable, on-demand transit options in your area or want to enhance your brand visibility, Circuit invites you to explore partnership opportunities. Download the Circuit App to experience eco-friendly mobility today!

About Circuit

Circuit is transforming urban transportation through electric shuttle services designed to bridge last-mile gaps and create reliable connectivity in a sustainable manner. Operating across New York, New Jersey, Florida, California, Massachusetts, and Texas, Circuit has accomplished over 9 million eco-friendly rides using 100% electric vehicles. By collaborating with local municipalities, developers, and advertisers, Circuit is minimizing congestion impacts, generating local employment, and providing comprehensive solutions for urban transit challenges. Discover more about Circuit's innovative initiatives at www.ridecircuit.com.

About MKB

MKB is a private investment firm specializing in growth equity for companies at the forefront of innovation, particularly in the fields of energy, mobility, and built environments. MKB actively supports management teams in realizing their potential through strategic investments. To learn more about MKB, visit www.mkbandco.com.