Hich

The rideshare app that empowers communities and elevates every ride.

https://wefunder.com/hich

Total raised on Wefunder: 76474

Total investors: 66

Quick facts

  • Zero marketing spend, 10,760 riders acquired. $465K in revenue, 11x our original projection.
  • 42% average monthly growth in bookings. Organic demand drove strong, consistent growth.
  • Strong rider interest validated our model, showing market appetite for fair ridesharing.
  • $148M in medical transport contracts with Ucare, BlueCross, medical assistance partners.
  • Drivers own equity: 20% reserved for them, with 300+ drivers enrolled in shareholding.
  • Zero commission model is profitable. Drivers earn 20% more than other platforms, customers save 25%.
  • Revenue from $199–$999 annual subscriptions, $1.50 per ride booking fee.
  • 34% of Minneapolis gig drivers signed up - 4,513 out of 13,000 in 11 months.

Team profiles

Featured investor profiles

Invest in Hich

The rideshare app that empowers communities and elevates every ride

Almost Fully Funded

$104,724

raised from 82 investors
INVESTMENT TERMS
Common Stock
$11M pre-money valuation $0.50 per share

Highlights

1
Zero marketing spend, 10,760 riders acquired. $465K in revenue, 11x our original projection.
2
42% average monthly growth in bookings. Organic demand drove strong, consistent growth.
3
Strong rider interest validated our model, showing market appetite for fair ridesharing.
4
$148M in medical transport contracts with Ucare, BlueCross, medical assistance partners.

Related company links

Featured Investor

Team


Memo

HICH is the first rideshare platform where drivers own equity, earn 20% more per ride, and pay zero commission — while riders save 25%. We stay profitable through flat subscriptions and transparent booking fees instead of skimming value from every transaction. In our first 15 months operating in Minneapolis, we signed 4,583 drivers and 12,139 riders — and drivers and riders alike came to see us as a genuinely fair, equitable, conscious-capital company. We reached $625,563 in revenue, secured UCare as our first medical-transport partner — opening the door to Minnesota's non-emergency medical transport (NEMT) market — and we're now raising capital to scale on services, revenue and profit.

The Problem


Every year, riders pay more and drivers earn less — not because the economics require it, but because Wall Street demands it. The result is a system that breeds resentment: drivers feel used, riders feel gouged, and the platforms capture all the value without returning anything to the communities they depend on.


Our Solution

HICH is a rideshare platform that charges drivers zero commissions. Instead of taking 60% of every fare, we charge drivers a flat annual subscription between $199 and $999, depending on partnership level, plus $1.50 per ride booking fee. Drivers see their exact earnings before accepting a ride. Minimum wage compliance comes guaranteed on every ride.

Our model works because it’s the simple path to higher earnings and long-term ownership for the drivers.


Market

Source

We’re not creating new demand, we’re providing a better alternative. Drivers are tired of surrendering up to 60% in commissions to Uber and Lyft, and riders are frustrated by rising prices. HICH solves both problems, and we’re preparing to expand into all major U.S. cities.

Our upcoming food and grocery delivery service will further increase driver earnings by enabling them to maximize income across multiple services on a single platform.

Fintech services, including merchant payments, peer-to-peer transfers, and international remittances, align with the needs of drivers. Over 70% of HICH drivers are first-generation migrants who regularly send money back to their countries of origin. Just in Minnesota alone the volume of remittances over to east African nations are to the tune of $1.3Billion annually of which a significant portion flows through non-banking routes.


Traction

We launched in Minneapolis, Minnesota in early 2024. Eleven months later, we've signed 4,583 drivers - representing 34% of the 13,000 gig drivers in the city.

What's next? We are raising funds to fund expansion with conservative profit projections of $2.6M in year one after raise, $10M by year three, and $30M by year five. Our goal as a company is to successfully exit via IPO. Future projections are not guaranteed.


How We Make Money

We generate revenue through multiple streams without extracting excessive value from drivers.

Our upcoming food and grocery delivery service planned for launch in July 2026 adds convenience-fee revenue to every order. Fintech services, including merchant payments and international remittances, create diversified income streams, with driver participation enhancing reach and efficiency.

HICH’s incentives are structured for long-term scalability: platform growth increases driver earnings and strengthens company performance.


Use of Funds

We're raising $2.2M to expand beyond Minneapolis and prove the model scales. Here's exactly where it gets allocated.

This funding provides a 15-month runway to achieve a positive ROI by investing in sustainable expansion that compounds through network effects and driver advocacy, rather than paid growth that disappears when marketing stops.

Your chance to contribute to the story.

We’ve proven this model works. In just 11 months in Minneapolis, HICH onboarded 4,583 drivers and generated revenue that was 11× higher than projected. Our expansion into medical transport opened access to $148M in contract opportunities, demonstrating our ability to compete for institutional business while continuing to grow rideshare operations.

Drivers in every city face the same unfair commission structures we’re fixing. Riders everywhere experience the same pricing pressures. HICH offers a fundamentally different approach, one where drivers earn more, riders pay less, and ownership is shared instead of extracted.

Investors aren’t backing an idea; you’re investing in an operating business with real revenue, real driver growth, and a proven model. This raise allows us to expand into new markets and bring our driver-owned model to cities that need a fairer alternative.

Invest in HICH


Disclaimer: This Reg CF offering is made available through Wefunder. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.


Overview