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Forging our future! Rideshare Cooperative's crowd-funding campaign

Ride is focused on achieving solid market share

It seems commonly known that rideshare passengers spend over $95B annually.

  • zippia
  • Policy Advice
  • These are just a couple of sites. See for yourself, there are so many more...

With two corporations already controlling the rideshare market, we're aiming at our third.

In a global market spending over $95B annually, our third should be worth over $30B.

Remember our rate card

Presented earlier, our rates indicate the number of service hours that will be generating our revenues. Bear in mind thet these numbers will differ globally.

If we must then we will lower ride prices enough to get our 30% of the market, while remitting 90% of fares to our drivers, both at home and globally.

Rate Period Rate*/Min Estimated %/Wk (hrs**/wk) Total Fares/Wk
Base rate $   1.10 20% (8 hrs) $   528.00
Heavy traffic 0.90 60% (24 hrs) 1296.00
Airport 1.25 10% (4 hrs) 300.00
Late Night & Holidays 1.50 10% (4 hrs) 360.00
Average of driver gross earnings per week: $2,484.00
Average of driver gross earnings per year: $129,168.00

*Rates may differ depending on locale and inflation. **Hours represent service hours.

Recall this chart that illustrates RCM profits from $30B at $1.5B

Annual Gross Fares Breakdown

The chart above displays how our target $30B in annual ride revenue is allocated:

  • Drivers receive 90% ($27B).
  • Rideshare Cooperative receives 1% ($300M)
  • Rideshare Cooperative Management (RCM) expenses 4% ($1.2B)
  • Rideshare Cooperative Management (RCM) profits 5% ($1.5B)

We displayed this chart earlier on our Expenditures page and explained how every share will be profiting about $15 annually when annual revenue is $30B.

Next let's see what they might be trading for on the stock exchange.

Our stock value

  • Stock market share value is determined by how much buyers are prepared to pay for shares.
  • It's also determined by how much money the seller wants to part with the shares.
  • Your $50 bought you 100 shares, each earning $15 per year, collectively $1500 per year.
  • Would you sell 100 shares for $1500? NO WAY - they're earning $1500 EVERY YEAR!
  • A decent investment might earn the investor 10% per year on his investment.
  • Consequently, your 100 shares might be worth 10 x $1500, basically $15,000.
  • That's 300 times what you paid for them!

This can be your once-in-your-lifetime opportunity

  • We want you to contribute responsibly, and if you can then also to score this opportunity.
  • Let's say that you contribute $5000 to our campaign and receive 10,000 shares.
  • When your shares are finally earning annually $15 each, you'll be earning $150K every year.
  • Consequently, on the stock market, you might sell them for ten times that, which is $1.5M.
  • Certainly enough to buy your mortgage-free home, likely with cash to spare.
  • Full-time working professionals can easily afford it, others might have to borrow it.
  • Just know that there are no guarantees, so do not contribute what you cannot afford to risk.
  • For your security, and ours, we're limiting contributions to $10K per person.
  • We're accepting contributions from everyone, globally, and every contributor gets shares.
Reforging rideshare