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Security Type
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Equity
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Categories
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Travel
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Min Investment
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$100
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Location
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Misson Viejo, NV
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Offering Date
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August 13, 2018
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Expected Close Date
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November 13, 2018
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Target Raise
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$10.00K-$1.07M
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Deal Notes
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- Type of Security Offered: Class B Non-Voting Common Stock and GoToken
- Purchase Price of Security Offered: $10.00/share of Class B Non-Voting Common Stock
- Minimum Investment Amount (per investor): $100
The GoTokens are intended be used in all day-to-day transactions on our mobility software platform, including, but not limited to, posting transactions on the blockchain between riders and owners/drivers. Go Tokens will be created and distributed according to the terms of this Offering.
- Initial Blockchain: Ethereum ERC-20
- Anticipated Migration to Alternative Blockchain: N/A
- Expected Network Launch date: First Quarter 2019
- Total amount of Tokens authorized for creation: 1Billion
- Amount of Tokens issued as Perks in Reg CF Round (max): 2,140,00
- Will they be listed on Exchanges? if so, which: We currently intend listing the token on token exchanges, provided any token exchanges become licensed in the United States, and provided our tokens are approved to be listed on such exchanges.
Material Terms:
- Voting Rights: None
- Restrictions on Transfer: 1 year from closing of Offering
- Dividends/Distributions:None
- Redemption Rights: None
- Other: None
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Valuation
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$5,000,000
Company Description
Tribal Rides is designing the next generation of ride-sharing apps, which will work with self-driving cars. With our revolutionary blockchain technology, you can be your own Uber. Currently in development stage, our application will let anyone manage their self-driving car, share it with their family and friends, and coordinate rides among their community. We also intend to launch a utility token that will handle payments in the system. Our design will create more efficient ride-sharing, alleviate road congestion, increase driving safety and create convenience for millions of people. The Social Internet of Vehicles is a powerful tool that consumers will use to manage self-driving cars. We are building an ecosystem that will include networking software designed to meet the needs of consumers in a personalized and optimized manner. Using existing social networks, on and offline, Tribal Rides will changing the way we commute. Our patented approach will provide smaller customized transportation networking solutions that are more efficient at promoting ride sharing, optimizing routes, departure times and locations, all while keeping you connected to those in your life. We are on the cutting edge of technology, using the newest blockchain methods to create a tool that we believe will be unique and revolutionary. Our patent is designed to address emerging technologies like blockchain and IoT and to provide community benefits for small group behavior and collaborative consumption. Tribal Rides is taking advantage of these emerging technologies and optimizing the way we travel, changing our entire relationship with transportation.
Perks
Invest $500 - $1,1990: You will receive a 10% Token Bonus (i.e. 2 additional tokens / $10 invested)
Invest $2,000 - $9,990: You will receive a 20% Token Bonus (i.e. 4 additional tokens / $10 invested)
Invest $10,000 - $49,990: You will receive a 30% Token Bonus (i.e. 6 additional tokens / $10 invested)
Invest $50,000 - $99,990: You will receive a 40% Token Bonus (i.e. 8 additional tokens / $10 invested)
Invest $100,000+: You will receive a 50% Token Bonus (i.e. 10 additional tokens / $10 invested)
Key Deal Facts
System and utility token development
Initial OEM partnerships with companies that might include: Waymo, GM, Ford, Tesla, and the other 52 self-driving car manufacturers
Partnerships with rental car companies
Partnerships with ride share companies
Use of Proceeds
If we manage to raise our over-allotment amount of $1,070,000, we believe the amount will last us 6 months and plan to use the net proceeds of approximately $999,800 over the course of that time as follows: The primary use of funds are for the further development of our self-driving car algorithms, database, and software platform. Our success will be substantially dependent upon the discretion and judgment of our management team with respect to the application and allocation of the proceeds of this Offering.
Management Team / Advisory Board Bios
Joe Grimes
CEO, CFO, Secretary and Director
Joseph Grimes has served as the CEO, Secretary, CFO and sole Director of Tribal Rides since 2016. I am an accomplished executive and serial entrepreneur with a 25 year track record of success who drives technology based business opportunities from conception through implementation. Experienced in developing high level go- to-market strategies, securing financing, building and executing multi-dimensional operation plans, and, directing and motivating dedicated, goal-oriented teams to function in a coordinated and systematic fashion and accomplish stated business objectives. I graduated from the University of California, Santa Barbara, with a BA in Economics and Environmental Studies and also with a graduate degree focusing on Operations Research and Logistics, with his thesis in deriving “Near-Optimal solutions” to NP-Complete transportation problems by leveraging heuristic solution techniques. During my 12 year tenure at ISERA Group, which I co-founded and was President, I managed 5 teams of software system designers tasked with developing sophisticated Decision Support Software Systems for commercial, military and government sectors for the Department of Defense and National Science Foundation (NSF). I successfully negotiated and managed sophisticated US Government contracts of $20 million including a Phase 3: 5-year Indefinite Quantity/Indefinite Delivery Contract (IQ/IDC) with U.S. Navy (sole source) resulting in five commercial software systems, which improved system through-put, reduced costs, increased overall system capacity, were easy-to-use, and in the case of the Quick Response Deployment Planner, saved countless lives. From 2015-2018, Joe served as the VP of Sales at Draker Energy, moving over to full time Business Development at Trimart in June of 2018 (his primary role.). He spends 30 hours weekly on Tribal Rides.
Deal Notes
- Type of Security Offered: Class B Non-Voting Common Stock and GoToken
- Purchase Price of Security Offered: $10.00/share of Class B Non-Voting Common Stock
- Minimum Investment Amount (per investor): $100
The GoTokens are intended be used in all day-to-day transactions on our mobility software platform, including, but not limited to, posting transactions on the blockchain between riders and owners/drivers. Go Tokens will be created and distributed according to the terms of this Offering.
- Initial Blockchain: Ethereum ERC-20
- Anticipated Migration to Alternative Blockchain: N/A
- Expected Network Launch date: First Quarter 2019
- Total amount of Tokens authorized for creation: 1Billion
- Amount of Tokens issued as Perks in Reg CF Round (max): 2,140,00
- Will they be listed on Exchanges? if so, which: We currently intend listing the token on token exchanges, provided any token exchanges become licensed in the United States, and provided our tokens are approved to be listed on such exchanges.
Material Terms:
- Voting Rights: None
- Restrictions on Transfer: 1 year from closing of Offering
- Dividends/Distributions:None
- Redemption Rights: None
- Other: None