Extra Watts LLC

Extra Watts LLC, operating under the brand Ride Kiwi, provides innovative urban mobility solutions through a ride-hailing platform that connects users with local drivers for quick and efficient transportation. Founded in 2019 in Ukraine, Extra Watts LLC specializes in transportation solutions, primarily through its ride-hailing service. The company has raised USD 480,000 in Seed funding led by TokenSuite in September 2020, and has executed one deal to date. The firm was founded by Ali Horzum and Yusuf Kaya, both of whom have experience in the entrepreneurial landscape.

Ride Kiwi specializes in innovative transportation solutions aimed at enhancing urban mobility. Its core product offerings include a ride-hailing platform that connects users with local drivers, providing quick and efficient transportation services. The platform addresses challenges in urban commuting, such as traffic congestion and limited parking availability. It serves a diverse clientele, including daily commuters, tourists, and local businesses, primarily in high-demand metropolitan areas like New York City, San Francisco, and London.

For the most recent year in 2020, Extra Watts LLC reported a revenue of USD 398,453 and an EBITDA of USD 51,248. The company's revenue model primarily relies on a commission structure where a percentage of the fare is retained by the company from rides booked through the platform, alongside potential subscription plans for frequent users or businesses requiring regular transportation services. In September 2020, Extra Watts LLC raised USD 480,000 in Seed funding to support its growth initiatives. The company plans to enhance its ride-hailing platform and expand into new metropolitan markets by the end of 2022.

Further details on upcoming product launches or specific regions targeted for expansion will be outlined as the company develops its strategies.