Earth Rides

Like Uber but with a fleet of Teslas

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Security Type
Convertible Note
Categories
Technology, Infrastructure, Sustainability
Min Investment
$250
Location
Nashville, TN
Offering Date
April 24, 2021
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$1.07M
No. Investors
997
Security Price
$1
Website
earthrideshare.com
Number of Employees
30
Cash
$93,299
Revenue
$88,705
Short Term Debt
$1,131
Cost of Goods
$44,427
Long Term Debt
$0
Net Income
$7,109

Company Description

Equal access for all to clean technology.

Key Deal Facts

+193% increase in revenue Q1 2021 vs previous quarter.
Patagonia partnership offering on demand delivery and reducing packaging waste.
Female Owned / Eco-friendly / Diverse Company
Easily scalable
First mover advantage being all electric in the rideshare space.

Use of Proceeds

  • Purchase additional vehicles for Nashville Market
  • Hire additional drivers and leadership roles
  • Expand into City #2

Management Team / Advisory Board Bios

Raven Hernandez, Founder CEO
Received Juris Doctorate at 23 and became a licensed attorney at 24.
Peter Smith, Co-Founder
Treated thousands of patients as a Holistic Doctor.

Joe Minor, Director of Brand Partnerships
Closed over 100 partnerships since the launch of Earth Rides.
Amount Raised : $1,012,973
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Valuation

Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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