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Security Type
-
Common Stock
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Min Investment
-
$150
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Offering Date
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November 29, 2022
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Expected Close Date
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February 27, 2023
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Target Raise
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$10.00K-$1.24M
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No. Investors
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12
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Security Price
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$2
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Valuation
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$10,000,000
- 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.Â
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., ,