The Drivers Cooperative

The Drivers Cooperative

A ridehailing platform owned by workers, not billionaire founders and venture capital

A ridehailing platform owned by workers, not billionaire founders and venture capital


Raised this Round: Raised: $1,706,168

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Revenue Share



SEC Filing Type

RegCF    Open SEC Filing

Return Multiple


Year Founded



Business Services, Software, & Applications

Tech Sector


Distribution Model




Capital Intensity



Long Island City, New York

Business Type


The Drivers Cooperative, a ride-hailing platform, is raising crowdfunding on Wefunder. The platform is owned by the drivers themselves and helps them get a larger share of the fare, and profits come back to them. The drivers also get democratic control over the decisions that impact their lives. The Drivers Cooperative was founded by the New York City drivers in April 2020. The proceeds of the current crowdfunding raise, with a minimum target of $50,000 and a maximum target of $2,500,000, will be used towards payroll for engineering, marketing, and operations teams, rider and driver marketing, and SG&A expenses. The Drivers Cooperative has over 3,000 drivers recruited to the platform and has completed 2,000 trips since its launch in May 2021.

Summary Profit and Loss Statement

Most Recent Year Prior Year












Net Income



Summary Balance Sheet

Most Recent Year Prior Year




Accounts Receivable



Total Assets



Short-Term Debt



Long-Term Debt



Total Liabilities



Financials as of: 07/18/2021
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
The Drivers Cooperative 03/03/2024 Wefunder - $1,677,363 Revenue Share Funded RegCF
The Drivers Cooperative 04/28/2022 Wefunder - $1,706,168 Revenue Share Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)


$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
The Drivers Cooperative on Wefunder 2021
Platform: Wefunder
Security Type: Revenue Share

Follow company

Follow The Drivers Cooperative on Wefunder 2021

Buy The Drivers Cooperative's Deal Report

Warning: according to the close date for this deal, The Drivers Cooperative may no longer be accepting investments.

The Drivers Cooperative Deal Report

Get KingsCrowd’s comprehensive report on The Drivers Cooperative including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether The Drivers Cooperative is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the The Drivers Cooperative deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge