RideShare Rental bridges the gap between drivers in need of suitable vehicles and companies whose brands rely on attracting — and maintaining — drivers with high-quality vehicles. It provides suitable and high-quality vehicles to Rideshare drivers and gives the opportunity to vehicle owners to rent their vehicles. The company has a variety of vehicles from which the drivers can drive. The company also provides insurance to drivers.
Recently, Rideshare Rental raised $11 million by offering 2.6 million shares at a price of $4 to command a market value of $118 million. It had been on file to raise $10 million by offering 2.5 million shares at $4. While the company has revised terms multiple times, it originally filed in 2018 to offer 1.25 million shares at a range of $7 to $9 ($233 million mkt cap).
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