Freebird Investors

Investment Inquiries
Phone: 201-374-0938
Email: invest@freebirdrides.com
Investor Announcement

Company Profile

Freebird is a mobility marketplace that drives consumers to businesses and delivers a guaranteed customer spend. Over $30 million has been invested in the completed technology and has proven results with 4 Million+ Freebird rides completed with verified new customer revenue.

FreebirdRides, Inc. has a Contribution Agreement with MobileOffer, Inc. MobileOffer Inc. was the original developer of the technology, and ran the beta tests referenced above. Through the agreement, Freebird Rides, Inc. now holds all intellectual property, software, and patents related to the technology.

Highlights

  1. World class technology stack completed
  2. Over 4 million Freebird Rides completed with our development firm MobileOffer (dba FreeBirdRides)
  3. The beta launch received 600k+ downloads and a 4.8 Star Rating in the App Store
  4. 30,000+ monthly active users taking more than 4 million Freebird rides
  5. $3 billion in tracked transactions
  6. 52% of users acquired through word-of-mouth referral
  7. App usage frequency 8+ times per month
  8. Experienced CEO with 3 public market exits and All Star Executive Team

Goodbye traditional advertising.

Hello, Freebird Rides.

Overview

$0
REVENUE

-$26,130.00
NET LOSS

$26,130.00
SHORT TERM DEBT

$3,055,911 RAISED IN 2023/2024

$0
CASH ON HAND

$1,944,089
LEFT TO CLOSE 5M RAISE

Financials

$3,055,911M raised from 2,135 investors (Feb 17, 2024)

Form C Filing on EDGAR

Freebird Rides Financial Statement

Brief

Historical Results of Operations

Our company was organized in December 2023 and has limited operations upon which prospective investors may base an evaluation of its performance.

  • Revenues & Gross Margin. For the period ended December 1, 2023, the Company had revenues of $0. 
  • Assets. As of December 1, 2023, the Company had total assets of $0, including $0 in cash.
  • Net Loss. As of December 1, 2023, the Company has had net losses of $26,130.
  • Liabilities. As of December 1, 2023, the Company’s liabilities totaled $26,130.

Runway & Short/Mid Term Expenses

  • FreebirdRides, Inc. cash in hand is $0, as of December 2023.
  • Over the last three months, revenues have averaged $0/month.
  • Cost of goods sold has averaged $0/month
  • Operational expenses have averaged $0/month 
  • Average burn rate of $0 per month.
  • Intent is to be profitable in 13 months.
  • Payroll and expenses will commence in 2024 for FreebirdRides, Inc.
  • Revenue-generating activities in the next 60 days with approximately $640k of revenue in the next 120 days.
  • Launch expenses are expected to be approximately $925k

Single Market

  • 30,000 Monthly Average Users
  • 133,000 Rides/mo ARR
  • 136,000 Consumer Downloads/mo ARR
  • 500+ Bars/Restaurants on Platform

Six Month Soft Launch KPI's

  • 34,316 Rolling MAR
  • 264,206 Rides Generated
  • 66% Rider return ratio
  • 53% New Rider via Referral
  • 57.5% Use Freebird App when using any rideshare

National Launch

Note: future projections cannot be guaranteed

Year One

  • Launch in three (3) markets
  • 90,000+ Riders
  • 1,500+ Restaurants/Bars
  • Cash flow break-even expected in Q3 2024
  • Expected EBITDA $9M

Year Two

  • Launch in an additional twelve (12) markets
  • Additional 364,000 riders and 6,000 more restaurants/bars.
  • Additional EBITDA contribution is estimated to be $36 million

Disclosures

The Board Of Directors

Director

Kurt Brendlinger

Thomas Szabo

Occupation

Executive @ Freebird Rides, Inc.

Executive @ Freebird Rides, Inc.

Joined

2023

2023

Officers

Director

Kurt Brendlinger

Thomas Szabo

Occupation

COO

CEO

Joined

2023

2023

Voting Power