A Better Way To Ride

INVEST IN FLY RIDE TODAY!

Fly Ride is an up-and-coming electric scooter rental company, currently operating in the Scottsdale, AZ market and growing. In an effort to elevate the e-scooter experience from start to finish, we offer our users access to some of the most advanced electric scooters on the market at a competitive, affordable price.
... Show more
This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Fly Ride

REASONS TO INVEST

Reasons Icon

Fly Ride is an electric scooter rental company focused on cornering the market for convenient, cost-effective, and eco-friendly transportation, with a business model that prioritizes safety, customer service, and a seamless user experience.

Reasons Icon

The global market for electric scooters was estimated at over $20 billion in 2021, and is expected to increase with a 7.8% CAGR between now and 2030.*

Reasons Icon

Following a successful launch in Scottsdale, AZ, Fly Ride has developed effective strategies and best practices that we believe set us apart from other scooter rental companies. Having a proven model in place, we’re now ready to bring our brand to new cities & neighborhoods.

*Market information provided by Grand View Research (source)

Micro-mobility Made Accessible and Affordable

We believe that everyone deserves access to safe, affordable transportation, and with Fly Ride's electric scooter rental service, we set out to develop a micro-mobility brand that is all about our customers


Our robust, reliable Fly Scooters offer a variety of features that prioritize rider safety and are the cheapest electric scooter option in the areas we currently serve.



Fly Ride is focused on helping to solve road congestion, providing a first and last-mile solution, reducing air pollution, and offering an affordable personal transport option. On a wider scale, we are also working with cities and universities across the U.S. to provide new transportation alternatives. To show our commitment to investing in safety that benefits everyone, Fly Ride would like to give 10% of our profits back to the local communities we serve.



Currently operating in Scottsdale, AZ, Fly Ride is preparing to expand our operations, and with the help of the StartEngine community, we are looking to bring our customer-first micro-mobility brand to more markets around the country.


The Problem & Our Solution


Offering Users Safer, Streamlined Experiences

Since 2016, electric scooter services have seen exponential adoption rates in more than 90 cities and across university campuses worldwide, becoming one of the most popular options for sustainable urban mobility. However, in the rush to meet the demand for electric transport, we observed that providing a quality user experience has become a bit of an afterthought.



Seeking to elevate the industry and encourage more people to embrace eco-friendly transportation, Fly Ride was created and since then we have introduced additional measures that make scooters more affordable, safe, and fun for everyone



With Fly Ride, every trip begins with in-app booking, where users can easily reserve a scooter at any of our dockless locations and receive detailed operator instructions for ensuring their safety. Riders are able to enjoy a trip on one of our advanced Fly scooters, which feature a 350W motor, all-day battery life, double-braking, turn signal ability, and wireless phone chargers. We believe we’re also the most cost-efficient option within our current market, saving riders $0.10 per minute compared to the rates of our competitors. 


The Market & Our Traction


Ready to Ride and Expanding to More Cities Near You

What began as a trend in just several major U.S. cities has rapidly expanded into a global micro-mobility movement. The current global market for electric scooters was estimated at over $20 billion in 2021, and is expected to increase with a compound annual growth rate (CAGR) of 7.8% between now and 2030.


In the beginning, Fly Ride started modestly with just 30 scooters in one city, and, by our estimation, this scaled approach is what has allowed us to build a truly customer-focused business - and our growth speaks for itself!



From June to August 2022, we’ve been able to leverage our incoming revenue to expand rapidly - increasing our inventory to 120 scooters as of August 2022 (please note our scooter numbers fluctuate minimally monthly) - which has in turn resulted in Fly Ride acquiring more than 2,500 new users and an additional 3,500+ rides. Given our initial traction, we feel confident that we’re now ready to replicate the Fly Ride model in new markets across the southwest region.

Why Invest


Help Us Ride The Micro-mobility Movement by Growing Our Brand

By now, it’s widely recognized that e-scooters provide an efficient, eco-friendly mobility solution with a lot of advantages. They reduce road congestion and air pollution, while also making personal transport more accessible to anyone who needs it. Yet, converting the masses and convincing more people to go carless requires that the alternatives be equally enticing. At Fly Ride, we believe we’ve built a micro-mobility brand that accomplishes just that. 


With the support of investors, our goal is to continue expanding accessibility through more marketing outreach, more employees, and of course, more scooters. Come Fly with us and invest today!



Code View

ABOUT

HEADQUARTERS
5502 N 105th Ln
Glendale, AZ 85307
VALUATION
$10M

Fly Ride is an up-and-coming electric scooter rental company, currently operating in the Scottsdale, AZ market and growing. In an effort to elevate the e-scooter experience from start to finish, we offer our users access to some of the most advanced electric scooters on the market at a competitive, affordable price.

TEAM

Kachatur Chris Chivchyan
Kachatur Chris Chivchyan
CFO

Built his personal business at the age of 30 and sold it for $1 million dollars 2 years ago. Devoted to reduce the worlds carbon footprint and has invested in many micomobility startups. 

Andy Chivchyan
Andy Chivchyan
President & CEO

Serial Entrepreneur who build a home warranty company at the age of 20. Spend the last 2 years trying to fix the last mile problem issue in America. Andy wants to make the world a better and cleaner place for everyone.

The Company's CEO Andy does not receive a salary however is a majority shareholder in the company. Fly Ride is an early-stage company and has yet to become profitable. Currently, the Company plans to pay Andy a salary in the amount of $1,000/week once the Company becomes profitable and the business has a fleet of over 500 scooters.  

TERMS

Fly Ride
Overview
PRICE PER SHARE
$2
DEADLINE
Feb 28, 2023
VALUATION
$10M
AMOUNT RAISED
$1,703.61
Breakdown
MIN INVESTMENT
$150.00
MAX INVESTMENT
$1,235,000.00
MIN NUMBER OF SHARES OFFERED
5,000
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
617,500

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

Fly Ride Corp

Corporate Address

:

5502 N 105th Ln, Glendale, AZ 85307

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,235,000.00

Minimum Investment Amount

(per investor)

:

$150.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

5,000

Maximum Number of Shares Offered

:

617,500

Price per Share

:

$2.00

Pre-Money Valuation

:

$10,000,000.00











*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Time-Based: 

Super Early Bird Bonus

Invest within the first week and receive 20% bonus shares

Early Bird Bonus

Invest within the first two weeks and receive 15% bonus shares

Amount-Based:

$500+

Tier 1 | $500

Access to the FLY Club (exclusive in-app offers and be the first to know about new scooters and available locations) + free investor swag. 

 

$1,000+

Tier 2 | $1,000

$100 credit on future rides + access to the FLY Club + free investor swag. 

$2,000+

Tier 3 | $2,500

30% off all rides for life + $100 credit on future rides + access to the FLY Club + free investor swag. 

 

$5,000+

Tier 4 | $5,000

6% bonus shares + 30% off all rides for life + $100 credit on future rides + access to the FLY Club + free investor swag. 

 

$10,000+

Tier 5 | $10,000

12% bonus shares + private virtual meet and greet with the entire team and a tour of our facility + 30% off all rides for life + $100 credit on future rides + access to the FLY Club + free investor swag. 

 

$25,000+

Tier 6 | $25,000

15% bonus shares + 1 free scooter + private virtual meet and greet with the entire team and a tour of our facility + 30% off all rides for life + $100 credit on future rides + access to the FLY Club + free investor swag.

Audience-Based:

5% additional bonus shares for current riders 

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Fly Ride will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $2/ share, you will receive 10 additional shares of Common Stock, meaning you'll own 110 shares for $200. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and the time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the Current Riders bonus in addition to the aforementioned bonus.

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.










ALL UPDATES

12.07.22

Still time to grab your Bonus Shares!










15%
Early Bird Bonus

Invest within the first two weeks and receive 15% bonus shares

05
DAYS
20
HOURS
43
MINS
31
SECS
Owners bonus
Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Fly Ride.

$150.00

StartEngine Owner’s Bonus

This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.

$150.00

Early Bird Bonus

Invest within the first two weeks and receive 15% bonus shares

$500.00

Tier 1 | $500

Access to the FLY Club (exclusive in-app offers and be the first to know about new scooters and available locations) + free investor swag.

$1,000.00

Tier 2 | $1,000

$100 credit on future rides + access to the FLY Club + free investor swag.

$2,500.00

Tier 3 | $2,500

30% off all rides for life + $100 credit on future rides + access to the FLY Club + free investor swag.

$5,000.00

Tier 4 | $5,000

6% bonus shares + 30% off all rides for life + $100 credit on future rides + access to the FLY Club + free investor swag.

$10,000.00

Tier 5 | $10,000

12% bonus shares + private virtual meet and greet with the entire team and a tour of our facility + 30% off all rides for life + $100 credit on future rides + access to the FLY Club + free investor swag.

$25,000.00

Tier 6 | $25,000

15% bonus shares + 1 free scooter + private virtual meet and greet with the entire team and a tour of our facility + 30% off all rides for life + $100 credit on future rides + access to the FLY Club + free investor swag.

JOIN THE DISCUSSION













0/2500

HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

WHY STARTENGINE?

REWARDSWe want you to succeed and get the most out of your money by offering rewards and memberships!
SECUREYour info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTSInvest in over 200 start-ups and collectibles!

With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.

With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.

At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.

Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.

StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.

For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.

For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.

Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.

Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.

Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.

@ 2022 All Rights Reserved

Apple Store Logo

Get To Know Us

Our Team

Careers

Important Message

IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.


www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.


Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital, LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRA/SIPC . You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary, LLC, a broker dealer registered with the SEC and FINRA. StartEngine Primary, LLC is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.


Investment opportunities posted and accessible through the site are of three types:


1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.


Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy or completeness of any information. Neither StartEngine nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. See additional general disclosures here.


By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.


Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.


California Investors Only – Do Not Sell My Personal Information (800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.


StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.