Wefunder logo

Invest in Ride Velo, Inc

The Preferred Ride-sharing App for Patients Traveling to and from Medical Appointments

$9,901

reserved of a $50,000 goal
INVESTMENT TERMS
Convertible Note
$6M valuation cap
$100, $250, $500, $1K, $5K, $10K
Pitch Video
Investor Panel

Highlights

1
Over 10,200 Velo rides completed from April 2022 to August 2023.
2
Health insurance approved by three major carriers.
3
Current revenue is at $400,000+.
4
A success-driven team with experience from a variety of verticals: finance, health, and technology.

Our Team

Being in the health care industry for the past 20 years, we saw the need to provide transportation to patients. A missed healthcare appointment has adverse health outcomes, including complications in chronic illnesses, and disruption in continuity of care. We want to focus on giving patients the quality of care they need. 

Pitch

Ride Velo is a ridesharing company that puts the community first. We provide non-emergency medical transportation (NEMT) to patients, which improves access, encourages better compliance, and reduces missed medical appointments.

The Non-Emergency Medical Transportation (NEMT) sector is broken and is burdened by substantial administrative expenses. A staggering 3.6 million outpatient appointments go unattended each year due to transportation challenges, culminating in an annual loss of $150 billion attributed solely to missed appointments. There is also an adverse impact on the health and well-being of patients who are unable to fulfill their appointments

Ride Velo is dedicated to ensuring the secure and efficient transportation of patients to help them reach their medical appointments with ease. The Ride Velo Non-Emergency Medical Transportation service operates on a straightforward pricing structure, with a set base fare for the initial mile, followed by a consistent per-mile rate established in accordance with Medicaid guidelines.

Ride Velo handles the submission of claims to various healthcare providers, including insurers, Medicare, and Medicaid, streamlining the process for clients. Patients can simply contact their insurance providers to obtain the necessary authorization for their ride. Once authorization is granted, our drivers promptly receive notifications and are ready to safely transport patients to their medical appointments. 


The U.S. Healthcare Transportation Services Market was worth around USD 15,295.6 million in 2021 and is estimated to grow to about USD 24,137.6 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.9 percent over the forecast period. The growing need for speedy mobility and an improving healthcare system are the primary drivers driving the market's growth.




  1. Over 500 rides per month since April 2022.
  2. Health insurance approved by three major carriers.  
  3. Current revenue is at $400,000+.




Ride Velo is already operational and is not only driving revenue, but helping the wellbeing of the communities we serve. With our unique and proven business model, we intend to be the leader in the U.S. Healthcare Transportation Services Market. Invest today and join us in not only building a business, but improving the health and wellbeing of our customers. 


Overview