Upshift on Republic

Redefining car ownership for urban living

Raise to date: $143,762

Reporting Date: 02/12/2020

Key Stats

Minimum Raise

$25,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

12/02/2019

Stop Date

02/22/2020

Days Remaining

7

Security Type

SAFE

Investment Minimum

$100

Deal Type

Deal to Watch


Investment Summary

Status

Active

# of Investors

590

% of Minimum Raised

575%

% of Maximum Raised

13%

Dollars Per Day to Reach Max

$132,320

DPD* Committed

$1,997

DPD* Category

$0

DPD* All Companies

$1,174

Kingscrowd Momentum

$143,762

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Upshift, with a valuation cap of $8 million, is raising funds on Republic. The company offers fractional car leasing services to drivers who need cars for short distances and short duration, without the friction of owning cars. Users can request for cars at the notice as short as 30 minutes, and they will receive clean cars with full tanks at their doorstep. Upshift also allows users to subscribe to their services and receive cars on designated days regularly. The company was founded by Ezra Goldman and Ayako Hiwasa in October 2012 and is live in San Francisco. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the proceeds will be used for technology development, marketing, operations, and other costs. Upshift has already reported solid financials with the customer acquisition cost of $157, a lifetime value of $4,842, and 94% paid subscriber retention rate.

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