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Security Type
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Common Stock
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Min Investment
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$99
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Location
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Santa Barbara, CA
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Offering Date
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May 10, 2021
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Target Raise
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$10.00K-$1.07M
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Valuation
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$9,000,000
Company Description
Hopp is the ultimate social carpooling app and website that connects drivers who have empty seats with riders for their journey through common interests. Hopp is the world’s first road buddy finder. By matching verified drivers going somewhere with rated passengers through common interests, Hopp offers the user a trustworthy and social experience while saving money for everybody and reducing carbon footprint.
Key Deal Facts
Hopp is a secure and trusted web platform and app for both drivers’ and riders’ demands while matching potential road buddies based on similar interests, so people are available to socialize or network while travelling, creating new relationships.
Hopp is far less expensive than traditional hired driver platforms and is faster and more convenient than trains, buses, or subways, as there are limited stops. For example, a Hopp trip from Santa Barbara to Los Angeles would cost each passenger between $17 and $31, depending on how many passengers are in the car.
Hopp requires all drivers to have a current drivers license, registration, and insurance, and all users have a profile with visible ratings, reviews, and social media and website links.
Hopp reduces the number of cars on the road by encouraging people to carpool, resulting in smaller carbon footprints for each traveller and reduced air pollution and traffic.
Driving in the carpool lane on the freeway is a plus.
Use of Proceeds
Marketing-$555,569
Payroll-$210,000
Accounting -$40,000
Liability repayment -$167,000
Legal -$45,000
Intermediary fees-$52,430
Management Team / Advisory Board Bios
Antoine Allain, COO/Founder
Fabrice Allain, CEO/Co-Founder
Eve Mitchell, CFO/Co-Founder
