Fly Ride

A Better Way To Ride

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Security Type
Common Stock
Min Investment
Glendale, AZ
Offering Date
November 29, 2022
Expected Close Date
February 27, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Company Description

Fly Ride is an up-and-coming electric scooter rental company, currently operating in the Scottsdale, AZ market and growing. In an effort to elevate the e-scooter experience from start to finish, we offer our users access to some of the most advanced electric scooters on the market at a competitive, affordable price.

Key Deal Facts

Fly Ride is an electric scooter rental company focused on cornering the market for convenient, cost-effective, and eco-friendly transportation, with a business model that prioritizes safety, customer service, and a seamless user experience.

The global market for electric scooters was estimated at over $20 billion in 2021, and is expected to increase with a 7.8% CAGR between now and 2030.*

Following a successful launch in Scottsdale, AZ, Fly Ride has developed effective strategies and best practices that we believe set us apart from other scooter rental companies. Having a proven model in place, we’re now ready to bring our brand to new cities & neighborhoods.

Management Team / Advisory Board Bios

Kachatur Chris ChivchyanCFOBuilt his personal business at the age of 30 and sold it for $1 million dollars 2 years ago. Devoted to reduce the worlds carbon footprint and has invested in many micomobility startups. 
Andy Chivchyan President & CEOSerial Entrepreneur who build a home warranty company at the age of 20. Spend the last 2 years trying to fix the last mile problem issue in America. Andy wants to make the world a better and cleaner place for everyone.
The Company's CEO Andy does not receive a salary however is a majority shareholder in the company. Fly Ride is an early-stage company and has yet to become profitable. Currently, the Company plans to pay Andy a salary in the amount of $1,000/week once the Company becomes profitable and the business has a fleet of over 500 scooters., ,
Amount Raised : $2,531
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Security Description

Common stock is a security that represents ownership in a corporation.

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