Drivn Rentals
About this raise
Drivn Rentals, with a valuation of $25 million, is raising funds on Wefunder. The company manages a fleet of electric vehicles that it rents through Turo and to Uber/Lyft drivers. Drivn Rentals rents to everyday users adopting the private rental model or to entrepreneurs starting their own business driving for rideshare companies. The company is currently making waves in Phoenix, Arizona, and plans to grow to 2,000 vehicles in seven markets. Patrick Lamb founded Drivn Rentals in May 2024. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $5 million. The campaign proceeds will be used for vehicle acquisition, market expansion, and corporate expenses.
Investment Overview
Not Funded: $52,329
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 10/07/2024
- Close Date
- 04/22/2025
$50,000
$5,000,000
$100
SAFE
Early Stage
RegCF
$22,500,000
$25,000,000
20%
Company & Team
Company
- Year Founded
- 2024
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2023
- Monthly Burn
-
$6,944
as of Sep '24
-
Runway
-
3.6 months
as of Sep '24
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $514,640
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/22/2025 | Wefunder | $25,000,000 | $52,329 | SAFE | Not Funded | RegCF |