As a non-driver, you have two options for becoming a member of Fare Co-op:
1. General Co-op Membership
General Co-op Membership is free and open to all riders and non-drivers. To download the app and become a general co-op member, click here.
2. Full Shareholder Membership
Full Shareholder Membership is available to drivers and investors interested in purchasing a full cooperative share. The cost of a full share is based on Fare Co-op’s licensing and operational status in each market:
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California: $650 — Fare Co-op is fully licensed and operational.
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Arizona, Georgia, Portland, Massachusetts, and Florida: $400 — Fare Co-op is fully licensed and operating in these markets.
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Illinois, Maryland, Missouri, Mississippi, Nevada, Ohio, Oregon outside Portland, Texas, and Washington: $200 — Fare Co-op is currently working toward launching in these markets.
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All other states and provinces: $150 — The share price will increase to $200 once Fare Co-op has applied for a TNC license in that market.
Full shareholders in states or markets where Fare Co-op is fully operational are required to pay a $52.50 monthly maintenance fee. This fee pays for our insurance, platform maintenance and development, and further growth.
Drivers who are full shareholders may earn 85% to 90% of ride revenue after hard costs, including insurance, local or municipal taxes, and payment-processing fees.
Driver Requirements
To qualify as a Fare Co-op driver, the following requirements must be met:
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Complete a background check using a valid Social Security number. The background-check fee is $25.
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Upload all required documents through the Fare Co-op app, including:
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A valid driver’s license
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Personal automobile insurance
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Vehicle registration or license-plate documentation
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A vehicle inspection, where applicable
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Meet the following mandatory requirements to transport passengers:
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The vehicle must be no more than 15 years old.
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The vehicle must have no more than 125,000 miles on the odometer.
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The driver must be at least 21 years old.
Any individual licensing fees, permits, inspections, documentation, or other requirements mandated by a state, city, county, airport, or local authority are the sole responsibility of the driver.
Membership Terms for Drivers
As a driver, you have two options for becoming a member of Fare Co-op:
1. Fractional Shareholder
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Free to join
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Earns 55% of platform profits after hard costs
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Get started by downloading the Fare Co-op Driver app, registering, and following the prompts.
2. Full Shareholder
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Full cooperative ownership
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Earns a net 85%–90% of platform profits after hard costs
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Payouts are available instantly through Stripe. A 5% fee applies to instant deposits.
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ACH payouts are available to fleet members and other commercially insured members.
Monthly Maintenance Fee
Full shareholders in fully operational regions are required to pay a maintenance fee of $52.50 per share, per month.
The maintenance fee pays for:
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Insurance
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Platform maintenance and development
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Marketing and advertising
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Airport permits and regulatory compliance
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Local market development and expansion
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Driver meetups and community engagement
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Ongoing app development and feature releases
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Continued regional growth
The maintenance fee is charged only after Fare Co-op becomes fully licensed and operational in the applicable region.
Refund Policy
Membership share purchases may be cancelled and refunded only within the first three days after purchase.
After the three-day cancellation period, all membership share purchases are final and non-refundable. Cooperative share purchases are investments and may increase or decrease in value.
Full Share Pricing by Region
The price of a full cooperative share is based on Fare Co-op’s licensing and operational status in each market.
California: $650
Fare Co-op is fully licensed and operational in California.
The share price reflects completed licensing, active operations, insurance, marketing, regulatory compliance, airport or commercial permits, platform support, and continued regional development.
The monthly maintenance fee applies.
Arizona, Georgia, Portland, Massachusetts, and Florida: $400
Fare Co-op is fully licensed and operating in these markets.
The share price reflects completed licensing, active operations, insurance, marketing, regulatory compliance, platform support, and continued market growth.
The monthly maintenance fee applies.
Illinois, Maryland, Missouri, Mississippi, Nevada, Ohio, Oregon Outside Portland, Texas, and Washington: $200
Fare Co-op is currently working toward launching in these markets.
The share price reflects early participation while Fare Co-op works on licensing, regulatory approvals, market development, and preparations for operations.
All Other States and Provinces: $150
The introductory full-share price in all other states and provinces is $150.
The share price will increase to $200 once Fare Co-op has submitted an application for a Transportation Network Company license or begun the applicable licensing and regulatory process in that market.
Exact pricing depends on the operational maturity and regulatory status of each region. When a region moves to a higher pricing level, all new share purchases will be made at the new price. Previously purchased shares will retain their original purchase price.
Why the Maintenance Fee Matters
The maintenance fee supports Fare Co-op’s ability to maintain and expand operations in fully operational regions. It helps pay for:
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Commercial and operational insurance
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Local market development and expansion
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Airport permits and compliance
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Marketing and advertising
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Driver meetups and community engagement
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Platform maintenance
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Ongoing app development and feature releases
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Regional regulatory and support costs
This investment also supports Fare Co-op’s long-term growth strategy, including its planned initial public offering.
Following a successful IPO, increased share value is intended to help serve as collateral for financing driverless vehicles, giving Fare Co-op drivers an opportunity to own the vehicles of the future rather than be replaced by them.
Driver Qualification Requirements
To qualify as a Fare Co-op driver, an applicant must meet the following requirements:
Background Check
Complete a background check using a valid Social Security number. The background-check fee is $25.
Required Documents
Upload all required documents through the Fare Co-op Driver app, including:
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A valid driver’s license
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Personal automobile insurance
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Vehicle registration or license-plate documentation
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A vehicle inspection, where applicable
Vehicle and Driver Standards
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The vehicle must be no more than 15 years old.
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The vehicle must have no more than 125,000 miles on the odometer.
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The driver must be at least 21 years old.
Any individual licensing fees, permits, inspections, documentation, or other requirements imposed by a state, province, city, county, airport, or other local authority are the sole responsibility of the driver.
Membership Terms for Fleet Owners
As a fleet owner, you have two options for becoming a member of Fare Co-op:
1. Fractional Shareholder
2. Full Shareholder
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Full cooperative ownership
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Earns 90% of platform profits after hard costs
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A separate full cooperative share must be purchased for every participating driver and vehicle.
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Payments are issued biweekly through ACH, minus a $1 ACH transfer fee.
Hard costs may include insurance, local or municipal taxes, payment-processing fees, and other applicable ride-related expenses.
Full Share Pricing by Region
The price of each full cooperative share is based on Fare Co-op’s licensing and operational status in the applicable market:
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California: $650 per participating driver and vehicle — Fare Co-op is fully licensed and operational.
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Arizona, Georgia, Portland, Massachusetts, and Florida: $400 per participating driver and vehicle — Fare Co-op is fully licensed and operating in these markets.
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Illinois, Maryland, Missouri, Mississippi, Nevada, Ohio, Oregon outside Portland, Texas, and Washington: $200 per participating driver and vehicle — Fare Co-op is currently working toward launching in these markets.
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All other states and provinces: $150 per participating driver and vehicle — The share price will increase to $200 once Fare Co-op has applied for a TNC license in that market.
Exact pricing depends on the operational maturity and regulatory status of each region. When a region moves to a higher pricing level, new share purchases will be made at the new price. Previously purchased shares will retain their original purchase price.
Monthly Maintenance Fee
Full fleet shareholders in fully operational regions are required to pay a maintenance fee of $52.50 per share, per month.
Because a full share is required for every participating driver and vehicle, the maintenance fee applies separately to each active full share.
The maintenance fee pays for:
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Insurance
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Platform maintenance and development
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Marketing and advertising
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Airport permits and regulatory compliance
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Local market development and expansion
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Driver and fleet support
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Ongoing app development and feature releases
-
Continued regional growth
The maintenance fee begins only after Fare Co-op becomes fully licensed and operational in the applicable region.
Refund Policy
Fleet membership share purchases may be cancelled and refunded only within the first three days after purchase.
After the three-day cancellation period, all membership share purchases are final and non-refundable. Cooperative share purchases are investments and may increase or decrease in value.
Profit Share and Payment Terms
Full Fleet Shareholders
Full fleet shareholders earn 90% of platform profits after hard costs.
Payments are issued biweekly through ACH. A $1 ACH transfer fee applies to each transfer.
Fractional Fleet Shareholders
Fractional fleet shareholders earn 55% of platform profits after hard costs.
Payments are issued biweekly.
Fleet Qualification Requirements
To qualify and operate as a fleet on the Fare Co-op platform, the following requirements must be met:
Business and Regulatory Requirements
The fleet owner must maintain:
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A valid business license
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Valid commercial fleet insurance
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All licenses, permits, registrations, and approvals required by the applicable state, province, city, county, airport, or municipality
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Ongoing compliance with all applicable commercial transportation and fleet regulations
Driver and Vehicle Documentation
All participating drivers and vehicles must be registered through the Fare Co-op app and must upload all required documentation, including:
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A valid driver’s license
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Required personal or commercial automobile insurance
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Vehicle registration or license-plate documentation
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A vehicle inspection, where applicable
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Any additional documentation required by Fare Co-op or the applicable regulatory authority
Vehicle and Driver Standards
Each participating driver and vehicle must meet the following minimum standards:
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The vehicle must be no more than 15 years old.
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The vehicle must have no more than 125,000 miles on the odometer.
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Each driver must be at least 21 years old.
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Each driver must complete a background check using a valid Social Security number. The background-check fee is $25 per driver.
Any individual fleet, driver, vehicle, airport, state, provincial, city, county, or municipal licensing fees, permits, inspections, commercial insurance costs, or other regulatory requirements are the sole responsibility of the fleet owner.
Partner Portal Registration
All fleets must register through the Fare Co-op Partner Portal:
https://partnernew.fare.coop/auth/register