DEAL

Stretch Ride

Stretch Ride

Organisation

Founded by 3 Mums, Stretch provides safe car rides for kids. Stretch’s social objective is to alleviate the parental pressure of getting busy kids where they need to be. Importantly Stretch reduces emissions, getting cars off the road as the car pooling feature becomes an addition to the platform.

Financial Return

Stretch is seeking early round seed funding. Initial investment of $500,000. Equity details to be negotiated.

Social Return

Stretch aims to alleviate the stress that comes with modern-day parenting. Stretch aims to allow all working parents to more fully participate in the workforce knowing that their children are being safely transported to their school, sporting and social commitments. The car pooling feature will also have a positive environmental return, as urbanisation continues and the trajectory for emission growth rises at an exponential rate.
Issuing organisation
  • Stretch Ride Pty Ltd
Intermediary
  • N/A
Size
  • Initially $500,000
Minimum Investment
  • $100,000
Investment Type
  • Equity
Investor Type
  •  Sophisticated
Term
  • N/A
Impact Focus
  • Transportation, Car Pooling
Location
  • Australia

Contact

Name
Michelle Newton
Title
Co-Founder
Website
www.stretchride.com.au
E-mail
Michelle@stretchride.com.au
Phone
0448 778 878
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