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

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.

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

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.

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

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.

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?

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 ...

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?

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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earthrideshare.com

Nashville, TN

Technology Female Founder Minority Founder Service Transportation

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Fares interviewed Earth Rides on July 9, 2021. Play Video

Fares Ksebati

CEO of MySwimPro

Strengths

says, "What's not to like here? Bringing mindfulness to transportation conscious consumers (in a Tesla). The CEO has shown great leadership, vision, and an understanding of the unit economics that will drive the business."

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says, "I'd like to get a better understanding of the LTV and how this can be increased? Is this comparable to the alternatives, is it higher, lower, why is this so? Big opportunity ahead, so be sure to convey the potential both numerically and from a future vision perspective."

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President, Audiochuck Inc

LEAD INVESTOR

Invested $20,000 this round

I invested in Earthrides because of their mission to transform the rideshare industry through clean energy vehicles. This business model will set a revolutionary standard in the industry. The founders Raven and Peter have clearly demonstrated their ability to rapidly grow their revenue while they continue to effectively expand their service into new markets. In addition they have built an impressive team of advisors and employees. I have had the opportunity to get to know the company on a deeper level as a business partner. I am continually impressed with their ability to execute against their vision while developing lasting relationships with partners that share their vision.

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Earth Rides

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