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Security Type
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SAFE
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Min Investment
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$100
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Offering Date
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May 25, 2021
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Expected Close Date
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August 23, 2021
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Target Raise
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$75.00K-$200.00K
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Security Price
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$1
Company Description
Chaos ensued when Bird and Lime launched electric scooters and bikes by the thousands – tourists being their biggest customer base taking trips Friday through Sunday. Now what they don’t tell you is that these scooters aren’t profitable. 90% of the revenue generated from a ride goes to paying.
Key Deal Facts
$1.5m+ in potential revenue from purchase requests and pre-orders
Waitlist of over 120 properties and 500 scooters - too much demand to keep up with
Live in Phoenix, Scottsdale, Denver, and Miami
Transportation Partner of 420bnb
Micro-Hospitality growth is SURGING, The best-performing travel segment in pandemic
Eco-friendly lightweight electric vehicles that can be 3x more profitable than a large fleet
Madison (CEO) was named to the Colorado 2020 Inno 25 under 25 entrepreneurs list
Use of Proceeds
- Warehouse rent
- Government regulations
- Gig-economy employees
- Charging infrastructure.
Management Team / Advisory Board Bios
Madi Rifkin, CEO and Co-founder
Involved in micro-mobility for the last 3 years learning from the executives at Lime, Bird, Jump, and Spin. First patent at age 15. Put together a board of advisors with top talent from Uber, Lyft, Jump, Lime and Zagster.
Matt Langham, COO and Co-founder
Ex-Head Mechanic at Jump, Denver. Ran daily operations seeing first hand the failures of a large fleet.
Rishab Nayak, CTO and Co-founder
Cloud Solutions Engineer 3+ years industry experience.
