The Drivers Cooperative

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

Analytics

Raised to Date: Raised: $645,550

Aggregate Commitments $
Platform

Wefunder

Start Date

07/19/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$2,500,000

Min. Investment

$100

Security Type

Revenue Share

Funding Type

RegCF

Rolling Commitments $
Status

Active

Reporting Date

07/29/2021

Days Remaining

275

% of Min. Goal

1,291%

% of Max. Goal

26%

Likelihood of Max
extremely
Avg. Daily Raise

$64,555

Momentum
warm
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Location

Long Island City, New York

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

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.
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