Company Profile (AI Text)
Name: The Drivers Cooperative
Canonical URL: https://wefunder.com/driverscoop
Updated at: 2026-06-14T05:02:57Z

Tagline: A ridehailing platform owned by workers, not the billionaires.
Elevator pitch: Co-op Ride is a driver-owned transportation cooperative. Drivers collect a much larger share of the fare and profits go back to drivers. Most importantly drivers have a seat at the table and democratic participation in the decisions that impact their lives.

Key claims:
- Total raised on Wefunder: 1625191 | citation: https://wefunder.com/driverscoop#claim-total-raised
- Total investors: 1160 | citation: https://wefunder.com/driverscoop#claim-total-investors

Verified facts:
- Total raised on Wefunder: 1625191 | observed_at: 2026-06-14T05:02:57Z | expires_at: 2026-06-15T05:02:57Z
- Total investors: 1160 | observed_at: 2026-06-14T05:02:57Z | expires_at: 2026-06-15T05:02:57Z

Computed metrics:
- total_amount_raised: 1625191
- total_investors: 1160
- team_size: 9
- featured_investor_count: 10
- faq_count: 5
- recent_post_count: 0

Quick facts:
- 12x growth to over $6.1 million in revenue in 2022 | citation: https://wefunder.com/driverscoop#claim-fact-1
- Just launched custom-built AI-augmented "Co-op 2.0" rideshare app: https://drivers.coop/download | citation: https://wefunder.com/driverscoop#claim-fact-2
- $30/hr guarantee for drivers on paratransit contracts | citation: https://wefunder.com/driverscoop#claim-fact-3
- Over 10,000 drivers signed up so far | citation: https://wefunder.com/driverscoop#claim-fact-4
- NEW direct contracts with the MTA, largest transit agency in North America | citation: https://wefunder.com/driverscoop#claim-fact-5
- 100% worker-owned | citation: https://wefunder.com/driverscoop#claim-fact-6
- Three loans paid off in full- over $250,000 paid back to investors/lenders | citation: https://wefunder.com/driverscoop#claim-fact-7
- Expanding to a second city- Denver- and then the world! | citation: https://wefunder.com/driverscoop#claim-fact-8

FAQ:
- Q: Where is Appendix A to the contract?
  A: We're looking into this- the materials referenced are listed under "Outstanding Debts" in the "Details" tab, and on our Form C. We will follow up shortly.
- Q: I think this cooperative is a great initiative! That said, I'd like to hear how The Drivers Cooperative will attain profitability when better funded ride-hailing apps like Juno, which to my knowledge gave a greater percentage of fares to drivers compared to Uber/Lyft, had to s...
  A: Great question, Alvin! A big part of the answer is by maintaining positive unit economics, and the other part is in how we are financed and through maintaining lean operations. Juno attempted to beat Uber at their own game by charging riders less than a trip cost. Our fare/pay formula ensures that the co-op stays positive on each trip, while through lower overhead, we are able to undercut on price. Uber, Lyft, and Juno were all trying to buy the market by operating at a loss. Our approach is ...
- Q: I see that there's a $25,000 grant that's included in the revenue. Is this a one-off or is this going to be recurring? If so, for how long?
  A: That was a one-off, but we do plan to apply for grants in the future. We currently have two applications in for $300,000 in grants.
- Q: So... 100% driver owned, except... for the investors? What's the thought here?
  A: The investment is a revenue-share agreement, not equity. We did that to preserve driver ownership.
- Q: So if I invest you’re not gonna go public because you do not want to be owned by wall street ..is that correct ?
  A: Exactly. There is actually no legal way for us to go public– we would need to completely change our corporate structure, we are a Worker Cooperative Corporation, which means that instead of common stock, we have "Membership Shares." Under our bylaws, only drivers can own shares. This investment vehicle creates a way for us to raise capital to pay back investors out of a revenue share, while maintaining 100% worker ownership.