eCarra

eCarra

Early Stage

Luxury Electric Car Rideshare— Plant a Tree with Every Ride

Luxury Electric Car Rideshare— Plant a Tree with Every Ride

Overview

Raised to Date: Raised: $107,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/26/2020

Close Date

03/04/2020

Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$1,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2020

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

$17,833

# of Investors

237

Momentum
Funded
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Year Founded

2018

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Carrollton, Texas

Business Type

Growth

"eCarra, with a valuation cap of $1 million, is raising funds on WeFunder. The company provides luxury electric car ride share services and is a part of the clean disruption. eCarra delivers clean and luxurious experiences in electric Tesla cars and also plants a tree for every ride. eCarra was founded by Rock Robinson and Kevin Shea in 2018 and has raised over $225,000 since its inception. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $107,000, will be used for marketing, software development, and hiring part-time team members, full-time operations lead and fleet manager. eCarra already has over 1,800 members with a retention rate of 98% and generated revenues of more than $85,000 in less than 12 months."

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$72,716

$1

COGS

$17,682

$0

Tax

$0

$0

 

 

Net Income

$-200,934

$23,418

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$23,215

$23,267

Accounts Receivable

$0

$0

Total Assets

$23,528

$23,418

Short-Term Debt

$9,490

$0

Long-Term Debt

$0

$0

Total Liabilities

$9,490

$0

Financials as of: 02/26/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
eCarra 01/20/2021 Wefunder $5,000,000 $14,916 SAFE Not Funded RegCF
eCarra 03/03/2020 Wefunder $1,000,000 $107,000 SAFE Funded 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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eCarra on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $1,000,000

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