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Eco-friendly carsharing Facedrive announced bankruptcy threat

..., Sayan Navaratnam, filed a lawsuit against him in Ontario at the end of 2020. Navaratnam accuses Khan of financial fraud, as he sold a significant amount of the company’s shares, due to which the company's assets were catastrophically depreciated. Facedrive's history began in 2016 as a car-sharing startup and has become one of the fastest growing businesses in Canada. While many business sharks continued to ignore environmental concerns, Facedrive offered its customers a choice between using electric vehicles and hybrid driving. The ...

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