Earth Rides

Early Stage

Like Uber but with a fleet of Teslas.

Analytics

Raised to Date: Raised: $892,684

Aggregate Commitments $

Platform

Wefunder

Start Date

03/30/2021

Close Date

05/01/2022

Min. Goal

$250

Max. Goal

$1,000,000

Min. Investment

$250

Security Type

Convertible Note

Funding Type

Test the Waters / RegCF

Valuation Cap

$40,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

147

% of Min. Goal

357,074%

% of Max. Goal

89%

Likelihood of Max
extremely
Avg. Daily Raise

$3,571

Momentum
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Location

Nashville, Tennessee

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Earth Rides, with a valuation of $40 million, is testing the waters on Wefunder. The company offers a rideshare facility with its fleet of electric vehicles. It aims to provide access to clean technology to everyone and electric vehicle ownership regardless of socioeconomic status. Earth Rides has the first-mover advantage in the electric rideshare space and reported a 205% increase in revenue in the second quarter of 2021 compared to the previous quarter. Raven Hernandez and Peter Smith founded Earth Rides in 2019. The current crowdfunding campaign has a minimum target of $250 and a maximum target of $1,000,000. The campaign proceeds will be used to purchase additional vehicles, hire additional drivers, and expand into new cities.
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Earth Rides on Wefunder 2021
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Platform: Wefunder
Security Type: Convertible Note
Valuation: $40,000,000

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