Invest in Earth Rides: Like Uber but with a fleet of Teslas. | Wefunder
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A Convertible Note is debt that converts to equity. If you invest, you're betting the company will be worth more than $40M in the future
2021 Q1 saw a decrease in marketing costs reducing our CAC to $5.53 and an increased LTV to $57.82. Our current competitors (LY), average a CAC of $32 and an LTV of $19 after 8 years of operating
Q2 we are focusing on rounding out Nashville with the addition of 10 more vehicles. We will need to hire an additional 25 drivers. We are already on pace to double our revenue this month
We expect to launch in Austin this summer. We hope to begin prepping the market 6 weeks before launch
My mother and Abuela grew up in Panama. Experiencing and learning from their difficulties, drove me to law school. Immigrants are often sold the story that to be successful, becoming a doctor or lawyer is the only way. This what drove me to law school
While completing my JD from Pepperdine University Law, I experienced serious difficulties with my health. My view of a healthy lifestyle and what health means for me and the people around me drastically shifted. I realized I had to create a more significant impact
I wanted other people to recognize health is more than eating right and exercising. Not only that, but they could have the same luxuries without making tremendous sacrifices. It was then Earth Rides was born
Why start in Nashville?
Nashville offered us an emerging market where we could start our grassroots business while making a considerable impact on the environment. Further, I wanted to make an impact on where I was from and improve the air quality. Nashville has air quality similar to Los Angeles on many days. But, Nashville only has 2 Million people compared to L.A.'s 13 Million
Earth's Mission
Equal access for all to clean technology
We are currently exploring expansion in Texas and Florida markets. We've chosen these markets due to the demographic of residents and tourists, current use of rideshare, and traffic congestion
Earth is partnering with OEMs and auto dealers to not only expand its fleet but also offer fairly priced rentals to drivers to further expand the adoption of electric vehicles
Partnerships
Earth Rides has partnered with Patagonia Nashville to offer on-demand delivery of their products. This allows Patagonia to deliver within the hour and without any packaging all the while reducing their carbon footprint
Earth Rides drivers are trained to serve the ID community
Earth Rides now provides reliable rides to the Intellectually Disabled Community ("ID") and is currently a line item in the State Budget to be able to provide subsidized rides to this community. Drivers on Earth go through training modules to show extra steps have been taken to ensure the ID community is being served
Safety
Our riders love that oftentimes they have the same driver. Each driver is also fingerprinted, FBI background checked and passes a series of interviews and ongoing training
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We are uniquely positioned to sell our carbon offsets on the open market due to our ability to track each mile logged vs the amount of carbon a gas ride would have generated
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Earth Rides is testing the waters to evaluate investor interest. No money or other consideration is being solicited; if sent, it will not be accepted. No offer to buy securities will be accepted. No part of the purchase price will be received until a Form C is filed and, then, only through Wefunder. Any indication of interest has no obligation or commitment of any kind