# Hich

The rideshare app that empowers communities and elevates every ride.

- Canonical URL: https://wefunder.com/hich
- Entity ID: wefunder:company:190527
- Last updated: 2026-06-03T23:51:50Z
- Generated at: 2026-06-04T05:24:44Z

## Quick facts
- Zero marketing spend, 7,390 riders acquired. $165K in revenue
- 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 Uber, customers save 25%.
- Revenue from $199–$999 annual subscriptions, $1.50 per ride booking fee.
- 27% of Minneapolis gig drivers signed up - 3,513 out of 13,000 in 11 months.

## Active fundraises
- wefunder:fundraise:152542: 4(a)(6) successful (USD)
- wefunder:fundraise:152541: 4(a)(6) open (USD)

## Story
HICH is a rideshare platform where drivers own equity, earn more per ride, and pay zero commissions while riders pay less. We aim to reach profitability through flat subscriptions and transparent booking fees, rather than extracting value from every transaction. In 11 months of operating in Minneapolis, we signed 3,513 drivers and acquired 7,390 riders. Drivers and riders love us because they see us as a fair, equitable and conscious capital company. Revenue reached $165,000, and we secured UCare as our first medical transport partner, giving HICH access to Minnesota’s $148 million NEMT insurance market. Our contracts with BlueCross and Medical assistance are currently pending, and we are now raising capital to expand into new markets.The ProblemRiders pay more each year while drivers earn less, but because Wall Street demands it. This disconnect fuels resentment: drivers feel used, riders feel gouged, and the platforms capture all the value without building real community benefit.Our SolutionHICH 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.MarketSource 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.TractionWe launched in Minneapolis, Minnesota in early 2024. Eleven months later, we've signed 3,513 drivers - representing 27% 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 MoneyWe 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 FundsWe'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 3,513 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 HICHDisclaimer: 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.

## FAQ
1. **Hello there! I came across your campaign and noticed you haven’t hit your funding goal just yet. I actually specialize in helping creators attract real, engaged backers and improve campaign performance. Are you currently active on the campaign? I’d love to connect and share a ...**
   - Hi William, i would love to hear what you have in mind. thanks,
2. **what does the $999 annual subscription entail? wow, you might as well call that the baller package lol outside of marketing what will a good portion of this raise be for? would be nice if you had a chart or something that showed people what separates you from Uber etc. would b...**
   - John, appreciate the thoughtful questions, this is exactly the kind of feedback we value. On the $999 annual subscription, you’re right, it’s our “baller package.” We call it the HICH Partner tier. It is designed for top drivers who want more than just access to the platform. It includes priority access to high-value rides, VIP support, exclusive events, and a leadership voice in shaping the platform through quarterly strategy sessions. It also comes with enhanced equity participation, up to ...
3. **1. you mentioned vip support. what does that mean? if I was a driver I would hope the support was top notch. especially cause without me driving the customers the company is not making anything. the share part is pretty good. their shares worth would be more than the subscript...**
   - John, these are great questions, I appreciate you digging in like this. 1. VIP support You’re absolutely right, support should already be strong for every driver. VIP support is about speed, access, and priority. It includes a dedicated line with faster response times, priority issue resolution, and direct escalation when something affects earnings, payments, or account status. The goal is simple, less downtime, faster help, and more time earning. It’s not about giving basic support to some a...
4. **Do you have a link or something for Sunday call. You mentioned 6pm call but didn't provide a way to listen**
   - Hi John, you can join our zoom meeting using the link below at 6pm central:https://us06web.zoom.us/j/4042820625?pwd=nr3KWNzxeFTmWQvlMT89xbAVnxUL7a.1Also in the future you can email directly on mustafa@hichmn.comthank you,

## Team
- Rahul Rajendran (CEO & Co-Founder)
- Mohamed Yusuf (President & Co-Founder)
- Bob Cass (Chief Operations Officer)
- Mustafa Sheikh (Chief Marketing & Strategy Officer)

## Recent posts
- Powered by Our Riders (2026-05-02T01:59:27Z)
- Powered by Our Riders (2026-04-16T23:06:12Z)
- Form C Granted (2026-04-09T20:57:16Z)

## Q&A
- Q: 1. you mentioned vip support. what does that mean? if I was a driver I would hope the support was top notch. especially cause without me driving the customers the company is not making anything. the share part is pretty good. their shares worth would be more than the subscription. 2. as far as drivers being part of the ownership. do you put a certain amount to the side like 5 percent etc of profits like some companies do to where the better the company does the better the workers do if not how do you determine how much equity etc each driver gets. the ownership part is a huge thing you offer uber and Lyft doesn't. 3. what is your moat? 4. what is your cac? thanks for your time!
  - A: John, these are great questions, I appreciate you digging in like this. 1. VIP support You’re absolutely right, support should already be strong for every driver. VIP support is about speed, access, and priority. It includes a dedicated line with faster response times, priority issue resolution, and direct escalation when something affects earnings, payments, or account status. The goal is simple, less downtime, faster help, and more time earning. It’s not about giving basic support to some and better to others, it’s about giving our most committed drivers an extra layer of efficiency. 2. Driver ownership and equity This is the core of what makes HICH different. We’ve set aside a meaningful equity pool, 20% of the company, specifically for drivers. Instead of tying it only to profits, which can be delayed or manipulated in traditional models, we tie ownership to participation and contribution. Drivers earn shares through activity on the platform, consistency, and programs like subscriptions or incentives. The more a driver contributes to the network, the more they accumulate. So as the company grows in value, they grow with it. That’s very different from Uber or Lyft, where drivers generate the value but don’t participate in the upside. And I agree with you, if we execute well, the value of those shares should outweigh the subscription over time. That’s exactly the intent. 3. Our moat It’s a combination, not just one thing: Driver ownership and alignment, drivers are not just supply, they’re stakeholders, which drives retention and loyalty Subscription model instead of high commissions, this creates better unit economics and trust Local, community-first approach, we’re not trying to win everywhere at once, we win deeply in one market NEMT and contract-based revenue, this adds stability beyond pure rideshare demand Together, this creates a system that’s harder to replicate because it’s based on alignment, not just pricing. 4. CAC (Customer Acquisition Cost) Right now, our CAC is relatively low compared to industry norms because we’ve grown heavily through driver networks, referrals, and community-driven adoption rather than heavy paid spend. As we scale, CAC will increase with more structured marketing, but the goal is to keep it efficient by leveraging our biggest advantage, engaged drivers who bring riders onto the platform. That organic loop is something traditional platforms don’t fully benefit from because their drivers aren’t incentivized as owners. Also, as i shared with my earlier response, we host a live investor presentation every Sunday at 6 PM Central where we walk through all of this in more detail and answer questions live. I’d love for you to join us.
- Q: what does the $999 annual subscription entail? wow, you might as well call that the baller package lol outside of marketing what will a good portion of this raise be for? would be nice if you had a chart or something that showed people what separates you from Uber etc. would be nice if you had a video somebody could look at when they come on your page. something very brief about your company etc.
  - A: John, appreciate the thoughtful questions, this is exactly the kind of feedback we value. On the $999 annual subscription, you’re right, it’s our “baller package.” We call it the HICH Partner tier. It is designed for top drivers who want more than just access to the platform. It includes priority access to high-value rides, VIP support, exclusive events, and a leadership voice in shaping the platform through quarterly strategy sessions. It also comes with enhanced equity participation, up to 2,100 shares annually, so drivers are not just earning, they are building ownership. On the use of funds, a large portion of this raise will go toward scaling supply and demand in a disciplined way. That includes driver onboarding at scale, rider acquisition, product and engineering improvements, and strengthening our NEMT and contract-based revenue channels. We are focused on capital efficiency, not burn, so every dollar is tied to growth and retention. Your point about clearly showing how we compare to Uber is spot on. We are working on a simple visual that highlights the key differences, driver ownership, subscription instead of high commissions, guaranteed per-ride earnings aligned with Minnesota rates, and a more balanced marketplace. We will make that much more visible. Also agree on the video. We actually have one in progress that will give a quick, clear overview of what HICH is and why it matters. It will be short and straight to the point for new visitors. We are also hosting a weekly investor presentation every Sunday at 6 PM Central where we walk through all of this live and answer questions. I would love to have you join.
- Q: Hello there! I came across your campaign and noticed you haven’t hit your funding goal just yet. I actually specialize in helping creators attract real, engaged backers and improve campaign performance. Are you currently active on the campaign? I’d love to connect and share a few ideas on how I can help boost your results and get you closer to success. Looking forward to hearing from you! Best regards
  - A: Hi William, i would love to hear what you have in mind. thanks,
- Q: Do you have a link or something for Sunday call. You mentioned 6pm call but didn't provide a way to listen
  - A: Hi John, you can join our zoom meeting using the link below at 6pm central:https://us06web.zoom.us/j/4042820625?pwd=nr3KWNzxeFTmWQvlMT89xbAVnxUL7a.1Also in the future you can email directly on mustafa@hichmn.comthank you,
  - A: Hich-app