Riders Share
About this raise
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.
Investment Overview
Invested : $718,032
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 01/26/2023
- Close Date
- 03/27/2023
$25,000
$1,235,000
$150
SAFE
Growth Stage
RegCF
$25,000,000
0%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +91% YoY
-
$1,968,009
as of FY2021
- Monthly Burn
-
$171,440
as of FY2021
-
Runway
-
0.4 months
as of FY2021
- Gross Margin
-
13%
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $4,500,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/27/2023 | Republic | $25,000,000 | $718,032 | SAFE | Funded | RegCF |