Dollaride on Republic

Transforming urban transit

Raise to date: $48,050

Reporting Date: 08/12/2020

Key Stats

Minimum Raise

$25,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

07/07/2020

Stop Date

10/04/2020

Days Remaining

51

Security Type

SAFE

Investment Minimum

$100

Deal Type

Deal to Watch


Investment Summary

Status

Active

# of Investors

195

% of Minimum Raised

192%

% of Maximum Raised

4%

Dollars Per Day to Reach Max

$20,038

DPD* Committed

$1,335

DPD* Category

$0

DPD* All Companies

$1,879

Kingscrowd Momentum

$48,050

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Dollaride, with a valuation cap of $8 million, is raising funds on Republic. The company is revolutionizing rideshare by offering public transit through its superior transportation at only $2 a ride. It makes use of the network of local commuter van drivers to meet the demand for mobility solutions. Dollaride was founded by Su Sanni and Chris Coles in December 2016. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used to activate more local drivers, grow the driver network and service territory, and capture more market share. Dollaride reported a 341% year-over-year growth in revenue from 2019 to 2020, and already has over 200 drivers on its platform with more than 800 rides taken.

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