Fly Ride
Early Stage
A Better Way To Ride
Overview
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
Price Per Share
$2.00
Pre-Money Valuation
$10,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/27/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$28
# of Investors
12
Momentum
Not Funded
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Year Founded
2022
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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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