Rever
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Rever - overview
Location
-, CO, US
Primary Industry
Internet
About
Rever is an innovative motorcycle trip planning and GPS route tracking application designed for motorcycle enthusiasts, offering features that enhance route discovery and navigation for riders worldwide. Rever, founded by Justin Bradshaw, specializes in developing a motorcycle trip planning and GPS route tracking application. The company was acquired by Comoto Holdings, Inc. in November 2020, with specific financial terms not disclosed.
Rever operates out of the United States and has made one known deal. REVER's primary offering is a motorcycle trip planning and GPS route tracking application designed specifically for motorcycle enthusiasts. The app features over 3,000 curated road trip maps globally, enabling users to discover the best roads, tracks, and off-road trails tailored to their riding preferences. Core functionalities include ride tracking that operates without cell service, offline maps, turn-by-turn navigation, and voice guidance, all aimed at enhancing the rider's experience.
The platform allows users to create and customize routes which can be easily synced with the app for navigation and sharing purposes. REVER primarily serves a consumer base of motorcycle riders across various geographical markets, including the United States, Canada, Australia, and several countries in Europe and South America, making it accessible to a diverse clientele of motorcycle enthusiasts. REVER generates revenue through its subscription model, which allows customers to access premium features of the app, enhancing their experience with advanced functionalities. Users can choose from various pricing plans tailored to their needs, enabling them to utilize the app for ride tracking, route planning, and social features such as live friend tracking and challenges.
The subscription structure facilitates direct-to-consumer transactions, where users pay for access to premium services, including offline maps and navigation aids. Additionally, partnerships with map providers and motorcycle industry stakeholders may enhance the app's offerings while contributing to revenue streams. The app's flagship services encompass comprehensive ride tracking and planning capabilities, positioning it as a leader in the motorcycle GPS application market. Rever plans to expand its product offerings, focusing on new features and tools that enhance the user experience for motorcycle riders.
Specific upcoming products are currently in development, with anticipated launch dates to be announced. The company is also looking to expand its presence in new geographic markets, including additional European countries, by the end of 2023. Recent funding from its acquisition will be strategically utilized to support these initiatives, helping to bolster product development and market entry efforts.
Current Investors
RevZilla Motorsports, LLC, Comoto Holdings, Inc.
Primary Industry
Internet
Sub Industries
Web Applications, Search Engines
Website
www.rever.co
Verticals
Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Rever - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Rever | - |
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Rever - employee data


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