The Drivers Cooperative

The Drivers Cooperative

Driver-Owned Rideshare

We are a driver-owned ridehailing cooperative in New York City. Drivers make more on each trip, all profits go back to drivers, and drivers have democratic control over the decisions that affect their lives. Our mission is to end exploitative conditions in the for-hire vehicle industry through system change– putting drivers in the driver’s seat of the platform economy.

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Security Type
Revenue Sharing
Industry
Tech
Min Investment
$100
Location
Long Island, NY
Offering Date
July 14, 2021
Expected Close Date
April 30, 2022
Security Price
$1

Management

New York City Drivers, Co-Founders
Hundreds and now thousands of NYC drivers came together to launch Co-op Ride, a driver-owned ridehailing platform. Before the pandemic, drivers provided 700K+ trips per day for our fellow New Yorkers. We're excited to do it now on a platform we own.

Alissa Orlando, Finance & Business Operations
Former Head of Operations at Uber East Africa, leading two country launches, MD of Rocket Internet food delivery company, Stanford MBA

David Alexis, Community Partnerships
6+ Years Marketing & Brand Management Experience. Community organizer with deep ties in Brooklyn and Queens. Active DSA member and passionate about people power and public health. Uber/Lyft driver for 5+ years.

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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

Key Deal Facts

100% worker-owned
>3,000 drivers recruited to the platform
>30K rider accounts in the app
Over 2,000 completed trips since launch in late May
>$100K in revenue generated
B2B/B2G clients including AOC and the NYC Board of Elections
>10K followers on both Twitter and Instagram
Five-star rating in App and Playstores

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