Hich

The rideshare app that empowers communities and elevates every ride.

https://wefunder.com/hich

Total raised on Wefunder: 69924

Total investors: 56

Quick facts

  • Zero marketing spend, 7,390 riders acquired. $165K in revenue
  • 42% average monthly growth in bookings. Organic demand drove strong, consistent growth.
  • Strong rider interest validated our model, showing market appetite for fair ridesharing.
  • $148M in medical transport contracts with Ucare, BlueCross, medical assistance partners.
  • Drivers own equity: 20% reserved for them, with 300+ drivers enrolled in shareholding.
  • Zero commission model is profitable. Drivers earn 20% more than Uber, customers save 25%.
  • Revenue from $199–$999 annual subscriptions, $1.50 per ride booking fee.
  • 27% of Minneapolis gig drivers signed up - 3,513 out of 13,000 in 11 months.

Team profiles

Featured investor profiles

Invest in Hich

The rideshare app that empowers communities and elevates every ride

FIRST GOAL HIT (You can still invest)

$98,174

raised from 72 investors
INVESTMENT TERMS
Common Stock
$11M pre-money valuation $0.50 per share
$1K, $5K

Highlights

1
Zero marketing spend, 7,390 riders acquired. $165K in revenue
2
42% average monthly growth in bookings. Organic demand drove strong, consistent growth.
3
Strong rider interest validated our model, showing market appetite for fair ridesharing.
4
$148M in medical transport contracts with Ucare, BlueCross, medical assistance partners.

Related company links

Featured Investor

Team


Memo



HICH is a rideshare platform where drivers own equity, earn more per ride, and pay zero commissions while riders pay less. We aim to reach profitability through flat subscriptions and transparent booking fees, rather than extracting value from every transaction. In 11 months of operating in Minneapolis, we signed 3,513 drivers and acquired 7,390 riders. Drivers and riders love us because they see us as a fair, equitable and conscious capital company. Revenue reached $165,000, and we secured UCare as our first medical transport partner, giving HICH access to Minnesota’s $148 million NEMT insurance market. Our contracts with BlueCross and Medical assistance are currently pending, and we are now raising capital to expand into new markets.


The Problem


Riders pay more each year while drivers earn less, but because Wall Street demands it. This disconnect fuels resentment: drivers feel used, riders feel gouged, and the platforms capture all the value without building real community benefit.


Our Solution

HICH is a rideshare platform that charges drivers zero commissions. Instead of taking 60% of every fare, we charge drivers a flat annual subscription between $199 and $999, depending on partnership level, plus $1.50 per ride booking fee. Drivers see their exact earnings before accepting a ride. Minimum wage compliance comes guaranteed on every ride.

Our model works because it’s the simple path to higher earnings and long-term ownership for the drivers.


Market

Source

We’re not creating new demand, we’re providing a better alternative. Drivers are tired of surrendering up to 60% in commissions to Uber and Lyft, and riders are frustrated by rising prices. HICH solves both problems, and we’re preparing to expand into all major U.S. cities.

Our upcoming food and grocery delivery service will further increase driver earnings by enabling them to maximize income across multiple services on a single platform.

Fintech services, including merchant payments, peer-to-peer transfers, and international remittances, align with the needs of drivers. Over 70% of HICH drivers are first-generation migrants who regularly send money back to their countries of origin. Just in Minnesota alone the volume of remittances over to east African nations are to the tune of $1.3Billion annually of which a significant portion flows through non-banking routes.


Traction

We launched in Minneapolis, Minnesota in early 2024. Eleven months later, we've signed 3,513 drivers - representing 27% of the 13,000 gig drivers in the city.

What's next? We are raising funds to fund expansion with conservative profit projections of $2.6M in year one after raise, $10M by year three, and $30M by year five. Our goal as a company is to successfully exit via IPO. Future projections are not guaranteed.


How We Make Money

We generate revenue through multiple streams without extracting excessive value from drivers.

Our upcoming food and grocery delivery service planned for launch in July 2026 adds convenience-fee revenue to every order. Fintech services, including merchant payments and international remittances, create diversified income streams, with driver participation enhancing reach and efficiency.

HICH’s incentives are structured for long-term scalability: platform growth increases driver earnings and strengthens company performance.


Use of Funds

We're raising $2.2M to expand beyond Minneapolis and prove the model scales. Here's exactly where it gets allocated.

This funding provides a 15-month runway to achieve a positive ROI by investing in sustainable expansion that compounds through network effects and driver advocacy, rather than paid growth that disappears when marketing stops.

Your chance to contribute to the story.

We’ve proven this model works. In just 11 months in Minneapolis, HICH onboarded 3,513 drivers and generated revenue that was 11× higher than projected. Our expansion into medical transport opened access to $148M in contract opportunities, demonstrating our ability to compete for institutional business while continuing to grow rideshare operations.

Drivers in every city face the same unfair commission structures we’re fixing. Riders everywhere experience the same pricing pressures. HICH offers a fundamentally different approach, one where drivers earn more, riders pay less, and ownership is shared instead of extracted.

Investors aren’t backing an idea; you’re investing in an operating business with real revenue, real driver growth, and a proven model. This raise allows us to expand into new markets and bring our driver-owned model to cities that need a fairer alternative.

Invest in HICH


Disclaimer: This Reg CF offering is made available through Wefunder. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.


Overview