Verve

Mobile Solutions For Urban Movers And Commuters

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Form C
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Security Type
Convertible Note
Categories
Technology, Infrastructure, Entertainment, Retail, Community & Lifestyle
Min Investment
$100
Location
Los Angeles, CA
Offering Date
December 24, 2021
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$1.07M
No. Investors
22
Security Price
$1
Website
vervescooters.com
Number of Employees
0
Cash
$11,079
Revenue
$0
Short Term Debt
$2,020
Cost of Goods
$0
Long Term Debt
$191,674
Net Income
$-73,744

Company Description

Verve Scooters came to fruition because we saw a need for an effective, eco-friendly, affordable way of transportation for our community. In 2020, with the safety risks of coronavirus rapidly impacting every community, we doubled down on our efforts to gather the community and cultivate more job opportunities for the previously incarcerated and inner-city youth. We are one of few Black-owned scooter companies in the United States and presently, the only Black-owned scooter company targeting inner cities to create pathways of success for people outside of suburban areas.

Key Deal Facts

Already operating a small fleet out of New Jersey
40+ rides in 5 days after launch
Signed international contract w/ Live Nation Urban; preparing for our festival launch
NBA player Rasheed Wallace is our largest investor
Hiring previously incarcerated employees & committed to uplifting inner-city communities
We democratize access to safe, affordable, convenient, green transportation
Global micro-mobility market valued at $40B+ in 2020; projected to reach $195B+ by 2030
Amount Raised : $207,310
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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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