Question 1

What is the level of scale you guys are trying to reach in terms of fleet/earth stations?

Accepted Answer

In the short term, Earth's expansion plan for the remainder of 2021 is two to three additional B+ cities (1M-3M population size) with mini Earth Stations that serve as a hub for the Earth fleet and public to interface with. Long term, Earth Rides will be in every major metropolitan city across the United States, larger-scale Earth Stations with more amenities, and within each market, we hope to serve the ID (intellectually disabled) community as we do in Nashville.

Question 2

What time period can investors expect a return on their investment at a 40 million valuation?

Accepted Answer

If we stay on pace with the last 7 months and launch three new cities this year and 5-7 cities next year, a potential IPO/acquisition could occur within the next 3-5 years. However, investing in any company comes with risks and no guarantees.

Question 3

If the further expansion into Texas and Florida goes well, will you expand into other cities this year?

Accepted Answer

Our current plan is to launch City #2 this summer, City #3 beginning of fall, and potentially City #4 end of the year. The amount of capital we raise will directly determine how fast we are able to launch new cities.

Question 4

Do you have a plan to utilize a fleet of passionate tesla owners who would probably love doing this in their free time a few hours a week?

Accepted Answer

Yes, our long term plan has always been to have a mixed model. Earth launched with an employee driven, company owned model in Nashville this past October 2020. This model allows us to control the quality of the ride and ensure timely pickups for scheduled rides. This round will allow us to expand into the TNC model (Transportation Network Company)(think Uber/Lyft). In this model, independent contractors that own EVs or rent EVs will be utilized. This will allow Earth to scale and expand much ...

Question 5

Curious as to the valuation and % return on the convertible note. Can i get a copy of the doc? In addition, is there an opportunity to discuss an investment above the $250?

Accepted Answer

Article From Wefunder: How much am I allowed to invest? It's complicated. Thankfully, when you sign up for a Wefunder account, we'll do all these calculations for you. The amount you are legally allowed to invest depends on which Regulation the company uses to fundraise. For Regulation Crowdfunding offerings, Wefunder calculates your annual investment limit based on the net worth and income provided upon account opening. Investment limits are for every 12 month period. Every investment in a R...

Earth Rides

Like Uber but with a fleet of Teslas. Female, Latina owned. Nashville | Austin.

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