Fly Ride
About this raise
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.
Investment Overview
Not Funded: $2,532
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 11/30/2022
- Close Date
- 02/27/2023
$10,000
$1,235,000
$150
Equity - Common
Early Stage
RegCF
$2.00
$10,000,000
Company & Team
Company
- Year Founded
- 2022
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$774
as of FY2021
- Monthly Burn
-
$718
as of FY2021
-
Runway
-
0.1 months
as of FY2021
- Gross Margin
-
33%
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $100,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/27/2023 | StartEngine | $10,000,000 | $2,532 | Equity - Common | Not Funded | RegCF |