Fly Ride

Fly Ride

Early Stage

A Better Way To Ride

A Better Way To Ride

Overview

Raised this Round: Raised: $2,532

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/29/2022

Close Date

02/27/2023

Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$150

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$10,000,000

Year Founded

2022

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Glendale, Arizona

Business Type

Growth

Fly Ride, with a valuation of $10 million, is raising funds on StartEngine. It is an electric scooter rental company that rents highly advanced electric scooters at affordable prices. The business encourages clean and carless cities and is working with cities and universities to offer its new transportation alternatives. Fly Ride is currently operational in Scottsdale, Arizona, and has a proven model in place to expand to new cities and neighborhoods. Andranik Andy Chivchyan founded Fly Ride in September 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, hiring, and adding more scooters.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$774

$171

COGS

$517

$0

Tax

$0

$0

 

 

Net Income

$-8,615

$9,401

Summary Balance Sheet

FY 2021 FY 2020

Cash

$77

$389

Accounts Receivable

$0

$0

Total Assets

$17,982

$8,778

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 11/29/2022
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Fly Ride on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $2.00

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Follow Fly Ride on StartEngine 2022

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