2022---bp--invests-in-the-florida-start-up-freebee Apr 2026

Founded in 2012 by University of Miami graduates and Kris Kimball , Freebee addresses the "first-mile, last-mile" gap in public transportation. Unlike traditional ride-hailing services, Freebee is free for the user , utilizing a business model that combines:

In October 2022, the global energy giant BP made a significant move into the burgeoning South Florida tech scene by leading an $8 million Series A funding round for , a Miami-based electric transportation startup. Through its investment arm, bp ventures , the company injected $6 million into Freebee to scale its unique "micro-transit" model nationwide. This partnership highlights a critical intersection between corporate sustainability goals and the rise of on-demand, eco-friendly urban mobility. The Freebee Model: Redefining Public Transit 2022---bp--invests-in-the-Florida-start-up-Freebee

: The capital was earmarked to help Freebee expand its fleet—which stood at over 150 vehicles at the time of the deal—and enter new markets beyond Florida and Virginia. Founded in 2012 by University of Miami graduates

BP’s investment was driven by its "transition growth engines," specifically focusing on EV charging and convenience. : The fleet’s custom electric vehicles serve as

: The fleet’s custom electric vehicles serve as mobile billboards, offering brands unique local visibility. Strategic Impact of the BP Investment

: 93% of revenue now stems from recurring contracts with municipalities that integrate Freebee into their public transit networks.