Riders Share

Airbnb for Motorcycles

Company Information

Website:

https://www.riders-share.com/

Sector:

Mobile Software & Services

Location:

Austin, TX

Demand for motorcycles has never been higher. The U.S. market was projected to reach five billion dollars in revenue in 2022, and will reach nearly six-and-a-half billion dollars by 2026.

Yet despite high interest, the cost of buying and maintaining a motorcycle makes riding a largely inaccessible hobby. (The average Harley costs more than $20,000, and is ridden less than 2,000 miles a year.)

Riders Share offers a solution. It’s a platform that matches motorcycle owners with vetted renters seeking to take a ride. This enables riders to spend time on a hobby they enjoy, and enables owners to generate income from an asset when they’re not using it. Think of it as Airbnb for motorcycles.

Riders Share is backed by professional investors Techstars and LiveOak Ventures. And it’s been featured in Forbes, Travel & Leisure, and Ride Apart.

The company generated around three-and-a-half million dollars in revenue in 2022.

Team Background

Guillermo Cornejo - Founder & CEO
David Stewart - Board Director

Co-Investors

TechStars

Prominent accelerator for tech companies. Investments include Uber, ClassPass and Twilio.

Raising
$1.24 million
Committed
$232.833K (19%)
Current Valuation
$25 million Cap / 0% Discount
Min. Investment
$150
Deal Type
Title III
(For all investors)
Offering Type
SAFE
Finance History
Notable Investors
  • TechStars
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