New York, NY, February 2025 - As cities face congestion, parking and access challenges, the demand for tech-driven transportation solutions continues to rise. Circuit's last-mile shuttle systems address these issues with efficient, cost-effective microtransit services for cities and properties. The company announced the investment by MKB, with participation from existing investors Tribeca Venture Partners, Impact Engine, and others.
The new funding will support the company’s expansion, further enhance its proprietary tech, and strengthen partnerships with cities and corporations. This proven approach has led to some of the industry’s most efficient microtransit systems. This capital will expand Circuit’s reach, reduce wait times, elevate the rider experience and unlock new opportunities for advertising partners. With operations in over 40 cities, Circuit has demonstrated its ability to deliver scalable, impactful solutions tailored to the unique needs of urban communities.
“With a proven track record in scaling sustainable transit solutions, Circuit stands out as a leader in cost-efficient and rider-focused urban mobility" said Antonio Occhionero, Managing Partner at MKB. "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.”
Since its Series A in 2022, Circuit has grown rapidly. In the past year, Circuit moved over 1.9 million passengers and helped avoid more than 1,050 metric tons of greenhouse gas (GHG) emissions. In 2024 Circuit expanded to new markets like Orlando, Boca Raton, and Long Beach while growing existing programs in San Diego, New York, West Palm Beach, Fort Lauderdale and Huntington Beach. These achievements highlight Circuit's commitment to delivering valuable transportation services, while becoming the default short-trip solution for downtowns.
“This Series B round marks an important step forward as we execute on our vision to electrify downtown transit systems,” said Alex Esposito, CEO of Circuit. “We’re delivering the right solutions at the right time, as cities look for ways to efficiently address congestion while improving access and mobility. This capital enables us to expand our partnerships, enhance our technology, and continue scaling sustainable, cost-effective transit solutions.”
As cities, businesses, and communities embrace the shift toward on-demand, electric transportation, Circuit’s scalable public-private model positions it as a leader in short-range, tech-enabled mobility.
Ready to bring sustainable, on-demand transit to your community, boost brand awareness, or catch a ride? Contact Circuit to explore partnership opportunities, or download the Circuit App and request a ride.
About Circuit
Circuit is redefining urban transportation with electric shuttle solutions that bridge last-mile transit gaps and connect communities in an accessible way. Operating in NY, NJ, FL, CA, MA, and TX, Circuit has delivered over 9 million rides using 100% electric vehicles. By partnering with municipalities, developers, and advertisers, Circuit reduces congestion, creates local jobs, and provides turnkey solutions for urban mobility challenges. Learn more at ridecircuit.com.
About MKB
MKB is a North American private investment firm that specializes in providing growth equity to companies driving innovation in the energy, mobility, the built environment, and related industrial sectors. MKB takes significant minority positions in its portfolio companies and proactively assists management teams in reaching their full potential. To learn more about MKB, visit www.mkbandco.com. To read about MKB's investment with Circuit, click here.
