- Kite’s mission is to reduce GHG emissions, intercity congestion and provide alternative and sustainable transportation
- Scott Macwilliam is the company’s founder and CEO
- Good & Well is a Canadian boutique impact investment firm
Toronto-based Kite Mobility, a mobile application that connects residents and guests of private buildings with multiple all-electric transportation options, has secured an investment from Good & Well. No financial terms were disclosed.
The round’s proceeds will allow Kite to accelerate its disruptive business model, operationalize pipeline demand, and allow for additional runway for the company’s plans to enter additional cities and countries. Use of funds will be primarily to attract and recruit top talent, continue to expand live projects, and report on carbon reduction impact.
Kite’s mission is to reduce GHG emissions, intercity congestion, and provide residents with alternative and sustainable transportation in the most convenient and cost-efficient ways.
“Our partnership with Good & Well is purposeful and deliberate. Kite and Good & Well are very much aligned in our respective focus and commitment to social purpose and sustainability,” said Scott Macwilliam, co-founder and CEO, in a statement. “Simply put, Kite offers an alternative to vehicle ownership and less convenient, higher cost transportation options. Kite provides the latest electric vehicles as an amenity where you work, live, or play, saving users typically 50% compared to ownership, with a simple user experience and no hidden fees or limitations.”.
Kite Mobility was founded in 2019 by Macwilliam, chief product officer Jason Mota and chief operating officer Joseph Cabral.
Based in Toronto, Good & Well is a boutique impact investment firm that invests in and supports inspiring entrepreneurs driving social change.