- The 3 year chart shows this trading at $57 per share and now at .085. Looks like a bargain with a bright future ahead with their technology.
STEER is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The Company's goal is to build a one-of-a-kind system that aggregates conscientious users, through a series of connected offerings, and enables them to buy, sell, or invest with the same platform. The Company's offerings generally fall into two categories: 1) subscription-based offerings led by its flagship electric vehicle ("EV") subscription business, STEER EV, and 2) on-demand services incorporating food delivery, B2B marketplace, Delivery-as-a-Service ("DaaS"), and rideshare services. The Company's platform is powered by EcoCRED, its big data, analytics and machine learning engine that seeks to capture, analyse, parse and report on key data points to measure the Company's impact on carbon reductions and offsets.
The Company's vision was inspired by a number of global megatrends: 1) widespread adoption of environmental, socially-conscious and governance-oriented (ESG) consumer behaviour (particularly among the Y and Z generations, the future of global economic consumption), including an increased emphasis on social issues as a factor in commercial decision-making; 2) international movement towards environmentally-conscious legislation and policy (quote: the Paris Accord, the European Union's target that all vehicles in production be electric by 2030' and the Canadian Federal Government's later announcement mandating 2035 as a transition date (e.g. Transport Canada, September 29 20213); 3) corporate and institutional adoption of said ESG principles (e.g. automotive industry manufacturers and other institutions including
Canadian Schedule "I" Banks and top-tier
Canadian
telecommunications giants committing hundreds of millions of dollars towards ESG-related initiatives), and 4) the modern gig economy, reflecting a decline in traditional ownership models in favour of shared, subscription-based or on-demand solutions.