# RidersShare

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ridersshare

- Industry: Internet
- Headquarters: Marina del Rey, US
- Website: www.riders-share.com
- Total disclosed funding: $2.3M
- Latest round: Series A (Jul 1, 2020)
- Investors on record: 3

## About

RidersShare Inc. is a peer-to-peer motorcycle rental platform that connects motorcycle owners with riders, enhancing the rental experience through a variety of makes and models available for easy booking.Founded in 2016 and headquartered in Marina del Rey, US, RidersShare Inc. operates a motorcycle rental platform that facilitates connections between motorcycle owners and renters. The company, led by founder Guillermo Cornejo, has undertaken four funding deals, with the most recent being a Series A round in July 2020, which raised USD 2.00 mn from LiveOak Venture Partners. The total amount raised by RidersShare Inc. stands at USD 2.00 mn, with a current company valuation of USD 8.10 mn.RidersShare primarily offers a peer-to-peer motorcycle rental platform that connects motorcycle owners with riders seeking to rent motorcycles. The service allows owners to list their bikes, providing renters with a wide variety of makes and models, including popular options like Harleys and adventure bikes. Riders can search for available motorcycles, book rentals, and share favorite riding routes with other enthusiasts, addressing common pain points in traditional motorcycle rentals such as high costs and limited inventory. RidersShare caters to individual motorcycle riders and owners across the United States, aiming to enhance the motorcycle travel experience with a focus on flexibility and community engagement.RidersShare generates revenue through transaction fees applied to each rental booking made through its platform. When a renter books a motorcycle, they pay the rental fee, of which a percentage is retained by RidersShare as a service fee while the remainder goes to the motorcycle owner. This direct-to-consumer model facilitates transactions without traditional rental agencies. Additionally, RidersShare offers a referral program where users can earn credits for signing up friends and family. Owners typically earn around USD 150 per booking, while specific pricing details for rentals are based on individual motorcycle listings.In July 2020, RidersShare Inc. raised USD 2.00 mn in Series A funding to support its growth initiatives. The funding will be utilized to enhance platform features and improve user experience. The company aims to expand into new markets across the United States, targeting regions with high motorcycle ownership and tourism potential. Upcoming product enhancements are being designed to streamline the booking process and enhance community engagement among riders.

## Funding rounds

- Series A, Jul 1, 2020, $2M — LiveOak Venture
- Seed, Oct 3, 2018, $0.3M — Texas Halo Fund
- Seed, Jun 10, 2018, $0M — Pritzker Group Venture Capital

## Investors

- Pritzker Group Venture Capital (https://capitalatlas.ai/funds/pritzker-group-venture-capital) — Seed
- Texas Halo Fund (https://capitalatlas.ai/funds/texas-halo-fund) — Seed
- LiveOak Venture (https://capitalatlas.ai/funds/liveoak-venture) — Series A