Alto

Alto

Growth Stage

Rideshare. Refined.

Rideshare. Refined.

Overview

Raised to Date: Raised: $1,541,824

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/26/2024

Close Date

04/28/2024

Min. Goal
$14,998
Max. Goal
$4,999,999
Min. Investment

$500

Security Type

Equity - Preferred

Series

Series D

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.04

Pre-Money Valuation

$150,097,135

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

12

% of Min. Goal

10,280%

% of Max. Goal

31%

Likelihood of Max
unlikely
Avg. Daily Raise

$77,091

# of Investors

470

Momentum
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Year Founded

2018

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

EnterpriseTech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Dallas, Texas

Business Type

Growth

Alto, with a valuation of $150.1 million, is raising funds on StartEngine. The company has developed a platform that enables a safe and hospitable mobility experience for rideshare consumers. Alto pairs W-2 employee drivers with a fleet of luxury SUVs to provide a superior ride for passengers and drivers. The business has an NPS of over 80 and generated $38 million in gross bookings in 2023, with more than 2 million lifetime rides. Will Coleman and Patrice Crisinel founded Alto in February 2018. The current crowdfunding campaign has a minimum target of $14,998.08 and a maximum target of $4.9 million. The campaign proceeds will be used for variable operating costs, fixed operating costs, marketing, group overheads, and debt service.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$28,283,258

$10,379,706

COGS

$39,159,535

$15,633,173

Tax

$0

$0

 

 

Net Income

$-41,357,688

$-17,917,247

Summary Balance Sheet

FY 2022 FY 2021

Cash

$19,928,362

$17,657,652

Accounts Receivable

$1,003,626

$614,200

Total Assets

$43,613,963

$33,761,682

Short-Term Debt

$12,943,507

$5,986,929

Long-Term Debt

$19,180,708

$2,784,508

Total Liabilities

$32,124,215

$8,771,437

Financials as of: 03/26/2024
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Alto on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $150,097,135
Price per Share: $2.04

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