Circuit raises $17M Series B funding to expand its tech-driven, sustainable microtransit solutions, enhancing urban mobility and reducing congestion.
As urban congestion, parking shortages, and mobility challenges persist, the demand for sustainable and tech-enabled transportation solutions continues to grow. Circuit, a startup in last-mile electric shuttle services, is stepping up to meet these challenges.
The company has successfully closed a $17 million Series B funding round, led by MKB with support from existing investors like Tribeca Venture Partners and Impact Engine.
With operations in over 40 cities, Circuit is leveraging this fresh capital to expand its reach, enhance its proprietary technology, and strengthen partnerships with municipalities, businesses, and real estate developments.
The goal? To provide faster, more efficient, and eco-friendly urban transportation while creating valuable advertising opportunities for brands.
Circuit is revolutionizing urban transportation with short-trip, electric shuttle solutions that bridge last-mile transit gaps. Operating in NY, NJ, FL, CA, MA, and TX, Circuit has provided over 9 million eco-friendly rides using 100% electric vehicles.
By partnering with municipalities, developers, and advertisers, Circuit helps reduce congestion, create local jobs, and deliver turnkey solutions for urban mobility challenges.
Since its inception, Circuit has positioned itself as a game-changer in the mobility sector, offering free and low-cost rides in electric shuttles to reduce reliance on cars for short trips. With this new investment, the company plans to:
According to Antonio Occhionero, Managing Partner at MKB, "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 redefine short-range, electric mobility for cities, businesses, and commuters alike."
Circuit has experienced exponential growth since its Series A funding in 2022. In the past year alone, the company has transported over 1.9 million passengers using 100% electric vehicles, helping to prevent over 1,050 metric tons of greenhouse gas (GHG) emissions.
2024 marked a significant expansion for Circuit, with new service launches in:
Additionally, the company strengthened existing programs in major urban hubs like San Diego, New York, West Palm Beach, Fort Lauderdale, and Huntington Beach, reinforcing its commitment to bridging last-mile transit gaps.
We send one email a week with the best impact reads, interviews, and tools.
Free. Unsubscribe anytime.
Join tens of thousands. Subscribe to our weekly newsletter for the latest news, exclusive interviews, and curated products that drive the Impact Economy. Our mission is to highlight and celebrate the founders, creators, investors, and conscious brands shaping the future of conscious business and philanthropy.
No spam. Unsubscribe anytime.
As cities seek sustainable solutions to combat traffic congestion and carbon emissions, Circuit is uniquely positioned to fill the gap with its public-private mobility model.
The company’s CEO, Alex Esposito, sees this funding as a pivotal moment in Circuit’s journey:
"This Series B round marks an important 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 look for ways to efficiently address congestion and emissions while improving access and mobility. This capital enables us to expand our partnerships, enhance our technology, and continue scaling sustainable, cost-effective transit solutions."
With urban areas shifting toward on-demand, electric transportation, Circuit’s model is set to play a key role in shaping the future of city transit.
Whether you're a city official looking to improve urban mobility, a business interested in advertising opportunities, or a commuter in need of a convenient, eco-friendly ride, Circuit has a solution for you.
🚗 Want to experience the future of transit? Download the Circuit App today and take a ride in an all-electric shuttle.
🌎 Interested in bringing Circuit to your community? Contact Circuit to explore partnership opportunities.
Photo credit: Turnout: Modified by Causeartist
Photo credit: Campground: modified by Causeartist
Founder stories, funding news, and tools — curated for impact builders.
Join 25,000+ Causeartists
Free. Unsubscribe anytime.
