Dollaride

Deal to Watch
BETA

Transforming urban transit

Analytics

Raised to Date: $169,835

Aggregate Commitments $
Platform

Republic

Start Date

07/07/2020

Close Date

10/04/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$8,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

09/16/2020

Days Remaining

14

% of Min. Goal

679%

% of Max. Goal

16%

Likelihood of Max
Avg. Daily Raise

$2,392

# of Investors

690

Momentum
Location

Brooklyn, NY

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

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.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1,009

$6

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-133,859

$-20,167

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$148,436

$20,212

Accounts Receivable

$0

$0

Total Assets

$148,436

$20,212

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 09/16/2020

Research

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