Using Scoot, you can make trips between any Scoot location in the city, riding an electric motor scooter that you activate with your own smartphone. No motorcycle license needed. Rates start at $3/ride.
As fast as a taxi and as affordable as the subway, Scoot is the ideal form of mobility for our increasingly connected and crowded city lives.
Scoot opened its beta in San Francisco one year ago and has grown to 18 locations, 55 vehicles, and over 1000 subscribers. We are planning our expansion to other cities now.
The founders of Scoot came together around a huge problem: Billions of people in cities around the world had to choose between slow, cheap transportation (mass transit, biking) and fast, expensive transportation (taxis, Ubers, driving). That made as much as sense having to choose between fast food and white table cloth restaurants, with nothing in between. By combining ubiquitous smartphones and affordable electric scooters with a Citibike-style service model, the perfect urban transportation service was born: Affordable to everyone, but as fast as anything else in the city.
Frequently Asked Questions
When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Scoot Networks. Once Scoot Networks accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Scoot Networks in exchange for your shares. At that point, you will be a proud owner in Scoot Networks.
Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.
A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.
To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.
To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or government-issued identification
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
Because Scoot Networks is offering its securities under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.
Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.
Currently there is no market or liquidity for these shares. Right now Scoot Networks does not plan to list these shares on a national exchange or another secondary market. At some point Scoot Networks may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Scoot Networks either lists their shares on an exchange, is acquired, or goes bankrupt.
You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.
This is Scoot Networks's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.
This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in Scoot Networks’s profile.