Story image

Kiwi ride sharing app seeks $200k crowdfunding

30 Mar 2015

Chariot, New Zealand’s first carpooling and ride sharing app, has announced it has launched an equity crowdfunding campaign.

“Chariot’s mission is to reduce the number of empty seats in cars, traffic congestion and carbon emissions by offering a platform for social ride sharing,” Chariot CEO Dr Thomas Kiefer says.

“Chariot is launching an equity crowdfunding campaign on PledgeMe so we can start filling up cars and cutting down traffic, and carbon emissions, faster.”

Chariot app users can set up rides with each other. These can be recurring, one-off short trips in the city, or long-haul intercity trips. Drivers are volunteers and can rent up to three spare seats in their cars.

Kiefer says the app will be launched by June 2015 and will be available on iOS and Android, but the first step is to raise awareness and grow a large enough user base.

“The money will be used for user acquisition to grow a viable platform and to create brand awareness as well as upscale server infrastructure and pay for other operational costs,” says Kiefer.

“Chariot will run ads on social media, online news sites, television and radio to attract users,” he says.

“With around 1000 people already signed up and waiting for the app, we’re confident we can reach our goal of acquiring a critical mass for launch.”

Chariot’s fundraising goal on PledgeMe is $200,000, which makes up 20% of the company. 

"Chariots pre-money valuation is $800k and we're comfortable that the valuation reflects a fair value of the company and market position, and, more importantly, the growth potential that Chariot can offer our investors,” says Kiefer.

Kiefer says investors will get equity in the business as well as incentive rewards based on the amount they contribute.

“We’re throwing in some exciting rewards, from indoor cart racing and helicopter rides to a dinner with the Wellington Mayor and 5,000km free travel with Chariot,” he says.    PledgeMe CEO Anna Guenther says Chariot was an exciting campaign to be hosting.

“Chariot’s model needs a crowd, so what better way to kick off their company than bringing that crowd into the business,” Guenther says.

“PledgeMe is stoked to be helping Chariot raise the money they need so they can make the world a little bit of a better place and give people the opportunity share their ride.”   People can invest in Chariot here

Bluzelle launches data delivery network to futureproof the edge
“Currently applications are limited to data caching technologies that require complex configuration and management of 10+ year old technology constrained to a few data centers."
DDN completes Nexenta acquisition
DDN holds a suite of products, solutions, and services that aim to enable AI and multi-cloud.
Trend Micro introduces cloud and container workload security offering
Container security capabilities added to Trend Micro Deep Security have elevated protection across the DevOps lifecycle and runtime stack.
Veeam joins the ranks of $1bil-revenue software companies
It’s also marked a milestone of 350,000 customers and outlined how it will begin the next stage of its growth.
Veeam enables secondary storage solutions with technology partner program
Veeam has worked with its strategic technology alliance partners to provide flexible deployment options for customers that have continually led to tighter levels of integration.
Veeam Availability Orchestrator update aims to democratise DR
The ability to automatically test, document and reliably recover entire sites, as well as individual workloads from backups in a completely orchestrated way lowers the total cost of ownership (TCO) of DR.
Why flash should be considered the storage king
Not only is flash storage being used for recovery, it has found a role in R&D environments and in the cloud with big players including AWS, Azure and Google opting for block flash storage options.
NVIDIA's data center business slumps 10% in one year
The company recently released its Q1 financial results for fiscal 2020, which puts the company’s revenue at US$2.22 billion – a slight raise from $2.21 billion in the previous quarter.