M&A Deal Summary |
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Date | 2019-11-19 |
Target | Ello Rideshare |
Sector | Internet Software and Services |
Buyer(s) | BitiCar |
Deal Type | Add-on Acquisition |
Deal Value | 2M USD |
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BitiCar is an emerging rideshare company disrupting the rideshare industry by offering better pay and opportunities for drivers, and an activities platform known as Tourin. BitiCar offers low fares and perks for passengers who hail a ride via the rideshare mobile app. BitiCar offers a starting pay of 80 percent of every fare for drivers who qualify. Drivers must be able to pass a background check, have a vehicle, and a valid driver's license. BitiCar drivers will also have the opportunity to earn additional company incentives, such as stock options, all-expense-paid bonus trips and more.
DEAL STATS | # |
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Overall | 1 of 1 |
Sector (Internet Software and Services) | 1 of 1 |
Type (Add-on Acquisition) | 1 of 1 |
State (New Mexico) | 1 of 1 |
Country (United States) | 1 of 1 |
Year (2019) | 1 of 1 |
Size (of disclosed) | 1 of 1 |