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$2M ARR on-demand trucking - Relay launches on Republic

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republic.co

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team@republic.co

Sent On

Fri, Feb 19, 2021 08:59 PM

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Learn about the latest deals from Republic Relay launches on Republic The new and better way for tru

Learn about the latest deals from Republic Relay launches on Republic The new and better way for truck drivers to work [Invest in Relay]( Highlights - Bootstrapped to $2 million ARR, profitable - 20% month-over-month growth since after 1st year - Disrupting the $1 trillion trucking industry - Now raising first round of funding There is currently a major [shortage]( of qualified truck drivers in the U.S. It costs trucking companies $4,000 to $8,000 to hire a new driver, and turnover in the industry is high. Relay makes it easy for companies to hire truck drivers on-demand, and offers a solution that benefits both drivers and trucking companies. The business model is similar to Uber’s, but for commercial trucking instead of personal transportation. So far, Relay has signed up more than 1,000 drivers and 400 carriers (trucking companies). It has managed to “bootstrap” its way to $2 million ARR with no outside funding, and the company is profitable. [Invest in Relay]( --------------------------------------------------------------- Watch the video This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed; they do not constitute legal or investment advice. Please notify the sender immediately if you have received this e-mail by mistake, then delete it. [Republic]( is a funding portal owned and operated by OpenDeal Portal LLC, a subsidiary within a family of companies owned by OpenDeal Inc. (together sometimes referred to as “Republic”). All numbers are unaudited unless otherwise indicated by a "*". OpenDeal Portal LLC dba Republic, a registered funding portal, is a wholly owned subsidiary of OpenDeal Inc. 335 Madison Ave, 16th Floor, New York, 10017, United States [Update your email preferences]( — [Unsubscribe from Launch emails]( [Unsubscribe from all Republic emails]( [intercom]

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