Riders Share

Riders Share

Growth Stage

Motorcycle sharing done right: the marketplace for owners and riders

Motorcycle sharing done right: the marketplace for owners and riders

Overview

Raised this Round: Raised: $718,032

Total Commitments ($USD)

Platform

Republic

Start Date

01/25/2023

Close Date

03/27/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$150

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$25,000,000

Discount

0%

Year Founded

2015

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Austin, Texas

Business Type

Growth

Riders Share, with a valuation of $25 million, is raising funds on Republic. The company has developed a motorcycle-sharing marketplace for users to rent motorcycles anywhere. The platform matches vetted renters with motorcycle owners using its proprietary machine-learning AI. Riders Share also enables motorcycle owners to make profits from their otherwise depreciating assets. Riders Share has over 35,000 bookings and 3,600 listings, and reported a 75% year-over-year revenue growth rate in 2022. Guillermo Francisco Cornejo founded Riders Share in July 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for geographical expansion and diversification of revenue streams.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$1,968,009

$1,029,643

COGS

$1,714,061

$1,100,447

Tax

$0

$0

 

 

Net Income

$-2,057,277

$-1,366,838

Summary Balance Sheet

FY 2021 FY 2020

Cash

$74,068

$555,088

Accounts Receivable

$45,645

$16,242

Total Assets

$401,669

$883,115

Short-Term Debt

$1,309,589

$281,624

Long-Term Debt

$3,245,180

$2,697,312

Total Liabilities

$4,554,769

$2,978,936

Financials as of: 01/25/2023
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Riders Share on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $25,000,000

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