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Earth Rides

Earth Rides

Testing the Waters
Early Stage

Like Uber but with a fleet of Teslas.

Like Uber but with a fleet of Teslas.

Overview

Raised to Date: Raised: $912,236

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/29/2021

Close Date

Testing the Waters

Min. Goal
Funded
Max. Goal
Funded
Min. Investment

$250

Security Type

Convertible Note

SEC Filing Type

Test the Waters / RegCF    Open SEC Filing

Valuation Cap

$40,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/30/2022

% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,223

Momentum
Funded
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Year Founded

2019

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Location

Nashville, Tennessee

Earth Rides, with a valuation of $40 million, is testing the waters on Wefunder. The company offers a rideshare facility with its fleet of electric vehicles. It aims to provide access to clean technology to everyone and electric vehicle ownership regardless of socioeconomic status. Earth Rides has the first-mover advantage in the electric rideshare space and reported a 205% increase in revenue in the second quarter of 2021 compared to the previous quarter. Raven Hernandez and Peter Smith founded Earth Rides in 2019. The current crowdfunding campaign has a minimum target of $250 and a maximum target of $1,000,000. The campaign proceeds will be used to purchase additional vehicles, hire additional drivers, and expand into new cities.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Earth Rides 04/27/2022 Wefunder $50,000,000 $781,499 Convertible Note Funded RegCF
Earth Rides 01/06/2022 Wefunder $40,000,000 $912,236 Convertible Note Funded Test the Waters / RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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

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Earth Rides on Wefunder 2021
Platform: Wefunder
Security Type: Convertible Note
Valuation: $40,000,000

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Warning: according to the close date for this deal, Earth Rides may no longer be accepting investments.

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