Fly Ride

A Better Way To Ride

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Security Type
Common Stock
Min Investment
$150
Location
Glendale, AZ
Offering Date
November 29, 2022
Expected Close Date
February 27, 2023
Target Raise
$10.00K-$1.24M
No. Investors
12
Security Price
$2
Valuation
$10,000,000
Website
ridefly.app
Number of Employees
2
Cash
$77
Revenue
$774
Short Term Debt
$0
Cost of Goods
$517
Long Term Debt
$0
Net Income
$-8,615

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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