Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
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235 investors
First Tranche
Shares will be sold at a 15 % discount
$0 share value remaining
$25.5 Price/Share
Second Tranche
Shares will be sold at a 10 % discount
$27 Price/Share
Third Tranche
Shares will be sold at a 5 % discount
$28.5 Price/Share
Fourth Tranche
Shares will be sold at a 0 % discount
- share value remaining
$30 Price/Share
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https://www.arabianbusiness.com/startup/453743-why-uae-start-up-udrive-is-offering-investment-opportunities-via-crowdfunding
https://www.forbesmiddleeast.com/featured/forbesvideo/testing-udrive-car-sharing-app
We digitise the self-drive experience so the consumer no matter where they go or who they go with never have to worry about carrying their keys
Our vehicles and technology allow anycar, any authorised person to move freely within a city
We digitise consumer vehicles and corporate fleets within hours of installing our technology. Not only do we make it simple, we make it profitable for our customers to work with us.
Udrive was the first operator in the region which gave it first mover advantage. Our team operates with efficient movement models, route analysis and customer behaviours to create profitable unit economics across our network.While alternatives methods of movement focus on scaling in-efficient fleets, we focus on maximum utilisation through great pricing and effective vehicle placement.We are careful in how we approach tech and fleet spending. With a razor-sharp focus on 10x cost reduction and 10x revenue strategies we strategically invest in technology that streamlines our customers access to vehicles.We are launching fleets that will support not just consumers but businesses. This includes B2B, SMEs and government entities working towards a more inclusive and digital employee experience Achieved triple digit growth since 2017.✓ Featured in Forbes as the leading self drive mobility platform✓ Received limited funding from external investors, making our cap table super clean✓ Went from 75,000 customers to 150,000 in 2019. And we have hardly spent any funds on advertising. Almost all organic and referral users.
The on-demand self-drive industry represents one of the largest mobility sectors in the world. This includes:- Rentals and leases of cars, scooters and commercial vehicles- Full ownership of cars through purchase and loansBusiness model Our technology enables us to fractionalise ownership of a vehicle down to the minute or 1 meter. This means we have unlimited capacity to launch entirely new revenue models around the usage of vehicles by time or distance. Not only that the market for generating an income from your personal assets like AirBNB is still yet to be expanded.Being able to digitise any vehicle opens us up the entire driveable population age. In the MENAT region that is equivalent to:-27 million drivers in the GCC-45 million drivers in TurkeyChange in user behaviourAlmost all forms of mobility are being radically changed in the form of technology and acquisition of that mobility. Previously they only way to own a vehicle was from buying or taking expensive multi-year lock-in contracts. Today users want on-demand, when they want and where they want. Udrive is entirely focused on ensuring that whatever your choice of ownership we are able to provide that solution buy making your choice fully digital and shareable. Whether you an individual with 1 vehicle or a corporate entity with hundreds. The principal of digital assets, unlimited sharing and enhanced user security we can ensure the asset is kept safe and generating high utilisation.
Working capital requirements of Udrive, including:+ Marketing: Hire a data driven CMO to automate messaging+ Tech Stack: Invest in streamlining our customer experience+ Technical: In house more development to fully OWN our IP+ Personnel: Recruit data specialists who understand customer behaviour+ Content: Enhance our customer experience content+ Business Development: Drive our B2B2C strategy for growthPlease note that part of the funds raised and reflected on the barometer have been raised prior to the start of the Udrive Crowdfunding Campaign on Eureeca as part of their Series A funding round.
We have 3 key areas of exit for our investors and partners:TRADE SALEAcquired by a larger mobility platform or market place looking to access the regional mobility marketIPOListing on regional or international markets. This is a longer-term play that would fit with the growth of the business across multiple countriesPRIVATE EQUITYEarly investor liquidity event upon large private equity buyout.
Public documents
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Estimated reading time: 2 min Due to potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk. What are the key risks? 1. You could lose all the money you invest If the business you invest in fails, you are likely to lose 100% of the money you invested. Most start-up businesses fail. 2. You are unlikely to be protected if something goes wrong The business offering this investment is not regulated by the FCA. Protection from the Financial Services Compensation Scheme (FSCS) only considers claims against failed regulated firms. Learn more about FSCS protection here. The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm. Learn more about FOS protection here. FCA 2022/33 Page 32 of 136. 3. You won’t get your money back quickly Even if the business you invest in is successful, it may take several years to get your money back. You are unlikely to be able to sell your investment early. The most likely way to get your money back is if the business is bought by another business or lists its shares on an exchange such as the London Stock Exchange. These events are not common. If you are investing in a start-up business, you should not expect to get your money back through dividends. Start-up businesses rarely pay these. 4. Don’t put all your eggs in one basket Putting all your money into a single business or type of investment for example, is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments. 5. The value of your investment can be reduced The percentage of the business that you own will decrease if the business issues more shares. This could mean that the value of your investment reduces, depending on how much the business grows. Most start-up businesses issue multiple rounds of shares. These new shares could have additional rights that your shares don’t have, such as the right to receive a fixed dividend, which could further reduce your chances of getting a return on your investment. If you are interested in learning more about how to protect yourself, visit the FCA’s website here.
Estimated reading time: 2 min
Due to potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
1. You could lose all the money you invest
If the business you invest in fails, you are likely to lose 100% of the money you invested. Most start-up businesses fail. 2. You are unlikely to be protected if something goes wrong The business offering this investment is not regulated by the FCA. Protection from the Financial Services Compensation Scheme (FSCS) only considers claims against failed regulated firms. Learn more about FSCS protection here. The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm. Learn more about FOS protection here. FCA 2022/33 Page 32 of 136.
2. You are unlikely to be protected if something goes wrong
3. You won’t get your money back quickly
4. Don’t put all your eggs in one basket
5. The value of your investment can be reduced
If you are interested in learning more about how to protect yourself, visit the FCA’s website here.
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The proposal "UDRIVE" is open for trading via Eureecas Secondary Market
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