iRide5Star, Inc.
-Serving Communities One Ride at a Time-
iRide5Star: Fast Facts
iRide5Star is a ride-hailing Transportation Networking Company (TNC) with an optional unique app-based ride hailing service with school fundraising capabilities. Our easy-to-use app makes it simple for customers to not only get from point A to point B, but to optionally give back to their children's school for extracurricular activities while they do it.
Key Highlights:
- A disruptive app in a growing market.
- Experienced founder and senior management team.
- Significantly higher driver service fee payments.
- Unique optionable fundraising component.
- Fun, easy-to-use app.
Industry: Transportation | Technology | Transportation Networking Company
U.S. Market Size: $6Billion+ Over 300 million rides in 2021 in United States.
Target Customer: Massive and growing ridership numbering in the tens of millions in United States. | Large corporations, large retirement communities, Professional Associations, and Schools and Parents anxious to start voluntary fundraising program for extracurricular activities.
Taxis Are the Past. Quality Ride Hailing is the Future.
Over the past few years, the rise of competitive ride hailing companies has completely changed the way people move around. TNC Apps have provided a far more convenient, responsive, inexpensive, and safer alternative to hailing a cab.
The massive worldwide use of ride-hailing has proven that traditional taxis may be a growing thing of the past, but still dominate in some larger metropolitan cities such as NYC.
The nagging problem? The drivers who make this transportation revolution possible are not getting enough take-home pay. They often earn 65% of rider fees, and often much less. Several years ago, drivers signed up for 80% and saw that steadily dwindled over the years all-the-while rider fees grew.
Customers and our dedicated driver associates deserve a company that isn’t just easy to use or convenient, but one that is also safe, fair, and transparent. They deserve a company that doesn’t just want to make a profit but make a real difference to the communities we serve. They deserve iRide5Star.
Take a Different Kind of Ride
A new kind of Transportation Networking Company, iRide5Star is a revolutionary ride-hailing app that works better not only for customers and drivers, but for the communities they live in, too.
Like other companies, iRide5Star has an easy-to-use app that allows customers to hail a ride at the touch of a button, no cash needed. It’s a safe, low-cost way to get around without sacrificing personal comfort.
Unlike other companies, iRide5Star’s rider model includes:
All the Like’s above plus the iRide5Star special touch.
● A unique optional fundraising program that donates money back to our community schools. Parents and iRide5Star join to strengthen our community schools.
● Higher driver service fee earnings that are fair and transparent.
● Significant discount program to a wide spectrum of industrial employers, including box stores, hospitals, retirement communities, and more; an iRide5Star employee benefit program at no cost to employers.
A Journey That Makes a Difference
With iRide5Star, riders and drivers have a new kind of transportation networking company with:
● An easy-to-use app that provides added supportive code that provides riders with some optional fun-stuff entertainment, optional of course.
● A pay model that gives a greater percentage of service fees directly to drivers, some of whom are currently earning often as low as 65% or less.
● A unique fundraising opportunity where riders voluntarily donate X% of their ride-hailing fee to their child’s designated school. If they do, iRide5Star will donate a floating matching donation up to Y%.
iRide5Star isn’t just changing transportation, it’s changing lives.
Our one-of-a-kind rider model not only pays its drivers more while keeping rides affordable for customers, but it also contributes along with parent donor-funding to their children’s school. That means, we aren’t just solving traditional taxi issues and current transportation network bugs, but also addressing the well-known problem of inadequate budgets for student’s special school projects and extracurricular activities in our community schools.
The Trip So Far
iRide5Star completed the early phase of ride-operations. We have developed the revolutionary concept for our easy-to-use ride hailing service and its unique fundraising component. We have announced acceptance of our new state-of-the-art iRide5Star ride-share platform. The URL for the investor website is www.iride5star.com
Robert G. Williams, our founder and CEO, is a serial entrepreneur with a long history of successful ventures. We have recruited Robert E. Adams, an experienced entrepreneurial business executive, as our President/COO and we plan to recruit an accomplished CFO. This winning combination of skill and expertise will help ensure the successful launch and growth of iRide5Star, Inc.
Meet The Team
Robert G. Williams | CEO | A serial entrepreneur, Robert founded and ran several companies sold to public companies including two to public subsidiary of a NYSE parent company. In addition to selling his acute-care community hospital to a local teaching hospital, he successfully sold three other businesses to publicly held companies. In 2013, he developed and was awarded a patent by U.S.P.T.O. for developing a program for safe Internet use by minors.
Robert E. Adams | President | The National Director of Operations for a division of Fresenius Healthcare, Inc., Robert is an entrepreneur and the founder of InMed Diagnostic Services which is made up of 17 medical diagnostic imaging centers across six states. An experienced team builder, he has led numerous successful acquisitions across the country and has a strong record of de novo growth. Robert is a graduate from Harvard University Graduate School Certificate Program, Business Administration and Management.
Chief Financial Officer - To be recruited.
Chief Information Officer - To be recruited
Disrupting the Market
Over the last several years ride hailing companies like Uber and Lyft have disrupted the traditional commercial taxi business.
Transportation Networking Companies offering inexpensive rides, unmatched convenience, and a greater sense of safety, have not only generated the wide-spread personal use but have continued to meet and exceed the needs of growing businesses across many different sectors.
Uber’s 2019 post-IPO market cap reached about $50 billion.
In 2021 Uber reportedly supplied over 300 million rides in United States and their ridership continues to grow as does Lyft’s ridership.
In 2021 Lyft generated $3.2 billion revenue, a 35% percent increase year-on-year.
TNC’s are enormous growing markets in U.S. and world-over.
iRide5Star is ready to disrupt the industry yet again and provide riders and drivers with exactly what they’re looking for: affordable fees for riders and a chance to give back to their children’s schools, and higher take-home earnings for drivers. The TNC market is enormously expansive and ready for iRide5Star.
iRide5Star: By the Numbers
Projections assuming iRide5Star, Inc., reaches up to $5,000,000 investment raised from both crowdfunding unaccredited and accredited investors.
Ride5Star, Inc., will generate revenue from service fees for rides hailed through our app. Based on this business model, we project reaching over $16 million in multi-state net revenue by Year 5.
| | Year 1 | Year 2 | Year 3 | Year 4 | Year 5
| Rides per Year | 748,722 | 1,926,098 | 3,458,996 | 5,046,242 | 6,055,490
| Gross Revenue | $7,487,216 | $19,260,982 | $34,589,956 | $50,462,418 | $60,554,901
| Net iRide5Star, Inc. Revenue | $2,171,293 | $5,585,685 | $10,031,087 | $13,624,853 | $16,349,823
| Cost of Product | $629,584 | $1,053,300 | $1,342,702 | $1,600,108 | $1,899.604
| Operating Expenses | $1,850,146 | $2,176,840 | $2,665,944 | $3,046,488 | $4,422,170
| Net Operating Income & Margin | ($308,436) N/A | $2,355,545 42% | $6,022,442 60% | $8,978,257 66% | $10,028,050 61%
Competitive Overview
Ride hailing services have become a staple in the lives of customers across the country, and all over the world. The two biggest providers in the U.S. market are Uber and Lyft.
Private based ridership began about 12 years ago and is credited with forming the ride-hailing concept. The TNC market is now a globally recognized alternative to commercial taxi service.
TNC’s usually require drivers to supply late model vehicles, mechanically safe, and to keep them clean. Driver earnings have been as low as 65% or less of the total fare making it challenging for drivers to select their preferred TNC. iRide5Star is destined to be their first choice.
Lyft is a well-known TNC service that also supplies an inexpensive alternative to a commercial taxi fare. Their domestic strategy early-on interested big investors, including billionaire Carl Icahn who reportedly invested $100 million in the San Francisco company. However, Lyft is significantly smaller than Uber, but growing in both the size of their company and their customer base.
The iRide5Star Advantage
While there are other Transportation Networking Companies in the marketplace, none-compared to iRide5Star’s revolutionary business model, experienced high-technology services-directed leadership, and our unique app.
Our biggest advantages over our seasoned competitors include:
● Founders and senior management that have successfully run service-based technology enterprises for many years. We know how to supply excellent service programs for both riders and drivers, corporate referral customers, the enormous and growing public ridership, and the communities they live in.
● Unique fundraising partnerships with our community schools. Together, we can supply these pillars of the community potentially significant, passive, and sustainable fund-raising contributions that will really make a difference.
● A fun, easy-to-use app that makes transportation special for riders and drivers alike.
● Significantly higher driver fee components that are fair, competitive, and transparent.
Our Roadmap to Success
The massive worldwide TNC use has proven that riders have come to rely on the affordability, convenience, and safety of ride hailing apps. Now, iRide5Star is ready to give them even more of what they need with a Transportation Networking Company that can truly make a difference.
With the help of our experienced CEO founder and our President, iRide5Star is ready to drive our company’s future forward by:
● Recruit experienced social networking and marketing staff to implement our unique goal of developing mutually beneficial partnerships with schools, large businesses, and the current millions of public ridership.
● Recruiting a CIO with significant ride hailing experience to enhance and improve our exclusive app and manage multi-state IT strategy and computer systems.
● Making it clear to communities why they should be using iRide5Star, and how our ride hailing app is different from all the others.
Funding will allow us to expand and recruit an experienced CFO and CIO and a quality operational team to ensure growth. It will also provide us with the capital necessary to obtain adequate corporate operational space to support our expansion to other states.
Drive the Future Forward
The iRide5Star team would like to thank you for taking the time to learn about our innovative Transportation Networking Company. We are now inviting investors to help us launch a ride-hailing service that:
● Provide our riders with the highest quality of services and competitive service fees.
● Provide our driving partners with an improved rate of take-home income.
● Supplies important fundraising opportunities to our community schools who can receive help from new, consistent, passive, and reliable fund-raising contributions to support student special projects and extracurricular activities. The school, the parent, and iRide5Star make it happen.
● Is founded and lead by experienced senior management who have successfully run high-technology services-based enterprises for years.