Republic
06/27/2022
11/18/2022
$25,000
$535,000
$150
SAFE
RegCF
$15,000,000
0%
Rolling Commitments $
Active
06/27/2022
144
0%
0%
$0
Oakland, California
Transportation, Automotive, Aviation, & Aerospace
MarketplaceTech
Upshift, with a valuation of $15 million, is raising funds on Republic. The company offers fractional car leasing services to drivers who need cars for short distances and short duration, without the friction of owning cars. Users can request cars at the notice as short as 30 minutes, and they will receive clean cars with full tanks at their doorstep. Upshift also allows users to subscribe to their services and receive cars on designated days regularly. Ezra Goldman and Ayako Hiwasa founded Upshift in October 2012. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $535,000. The campaign proceeds will be used to scale up in San Francisco, launch in DC, integrate drive-by-wire vehicle delivery technology, and electrify the fleet.
Summary Profit and Loss Statement
Revenue |
$196,677 |
$143,464 |
COGS |
$117,300 |
$360,109 |
Tax |
$0 |
$0 |
|
||
|
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Net Income |
$-597,910 |
$-214,299 |
Summary Balance Sheet
Cash |
$240,507 |
$10,006 |
Accounts Receivable |
$6,700 |
$7,467 |
Total Assets |
$659,846 |
$262,013 |
Short-Term Debt |
$553,280 |
$378,653 |
Long-Term Debt |
$325,860 |
$330,712 |
Total Liabilities |
$879,140 |
$709,365 |
Financials as of: 06/27/2022