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Security Type
-
Crowd SAFE
-
Min Investment
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$150
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Location
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San Francisco, CA
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Offering Date
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June 24, 2022
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Expected Close Date
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April 30, 2023
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Target Raise
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$50.00K-$447.00K
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No. Investors
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104
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Security Price
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$1
- Number of Employees
- 6
- Cash
- $240,507
- Revenue
- $196,677
- Short Term Debt
- $553,280
- Cost of Goods
- $117,300
- Long Term Debt
- $325,860
- Net Income
- $-597,910
Company Description
Upshift is a flexible, convenient, and affordable alternative to leasing a car.
Perks
1 investor
Invest
$250
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A personal tweet, post or mention on social media
Limited (499 left of 500)
1 investor
Invest
$500
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A personal tweet, post or mention on social media.
Limited (299 left of 300)
Invest
$1,000
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A personal tweet, post or mention on social media.
Limited (100 left of 100)
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$2,500
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A personal tweet, post or mention on social media.
Limited (50 left of 50)
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$5,000
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A personal tweet, post or mention on social media.
Limited (20 left of 20)
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$10,000
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A personal tweet, post or mention on social media.
Limited (5 left of 5)
Key Deal Facts
Upshift: $19B fractional car subscription market for low mileage drivers
Raising $3M: expand to DC market, electrify fleet & unmanned delivery tech
3X annual growth, 95% retention, $805 acquisition, $5,967 lifetime value
659,693 pounds CO2 reduced—like taking 70 vehicles off the road for a year
Team built of people with decades of experience in mobility and tech
$1.5M raised from MINI (BMW), Ford, Third Sphere, Climate Capital & angels
Last campaign on Republic raised $707K from 3007 investors
Management Team / Advisory Board Bios
Ezra Goldman
Founder
Featured in Superheroes
20+ years in shared mobility (including dockless bike share in 1999 and scooter share in 2006) & MIT MCP ( Urban Planning).
Ayako Hiwasa
Co-founder
Worked at World Bank, advised students at Stanford d.School
Keith Reinbolt
Growth marketing
Lena Belogolova
Behavioral scientist
Alex Belikov
Art direction & product design
Rabendra Sharma
Backend engineer
Anil Chudasama
Mobile engineer
Tehreem Javid
Operations
Nick Traverso
Operations assistant
Joan Reuter
Concierge
Kelly Johnson
Concierge
Arjun Arora
Advisor: Partner @500 Startups, EIR @Expa, Founder @ReTargeter
Al Lieb
Advisor: Cofounding CEO/CTO @eVite @Clearslide @Gixo
Michael Wang
Advisor: Product Design @Facebook @Lyft @Github
David Brook
Advisor: Cofounder of 1st carshare in North America, helped launch Car2Go, Turo
Griff Long
Advisor: VP Operations @Zipcar, @Equinox, Sr Global Dir Carshare Operations @Hertz, COO @Orange Theory
Byron Shaw
Advisor: Founding Managing Director @GM Ventures, @GM Advanced Technology Silicon Valley Office
Bradley Walsh
Advisor: Senior Manager @Allstate, SVP @Santander & Sr Dir @Cox Automotive (Vehicle Financing)
Edward West
Advisor: Partner @Salmon Nation Capital, Dir Strategy @Earthbanc, Cofounder @Mission Motors (EV motorcycles) @Hylo