Description
Membership Terms for Shareholders
As a member of Fare Co-op, you have two membership options:
1. Fractional Shareholder
No annual fee
Earns 55% of platform profits*
2. Full Shareholder
Full ownership membership
Earns 85% of platform profits*
Payouts are made instantly via Stripe, with a 5% Stripe fee applied to instant deposits.
Share Pricing
Pre-Launch Stage: $150 per share while licensing, insurance, and launch preparation are still in progress.
Live Stage: $300 per share once Fare Co-op is licensed and fully operational in your local market.
Maintenance Fee: $52.50 per share, per month. This applies only once Fare Co-op is fully live in your local market and the share price has increased to $300.
Why the Maintenance Fee Matters Once Live
The $52.50 monthly maintenance fee only applies after Fare Co-op is fully operational in your local market. This fee is critical to the long-term growth and value of your share because it helps fund:
Monthly insurance costs
Local market expansion
Airport permits and compliance
Marketing and advertising campaigns
Member meetups and community events
Ongoing app development and new features
Continued expansion of Fare Co-op into additional markets
This helps support the growth of your share value as Fare Co-op works toward its planned IPO within the next 2 years. After the IPO, the increased value of your share is intended to serve as collateral for financing driverless vehicles, allowing drivers to own the very vehicles that will shape the future of transportation.
Important Clarification for Full Members
Once the maintenance fee is in effect:
Members who remain current on their maintenance fees will continue earning 85% of platform profits and will have their share value continue to grow alongside Fare Co-op’s expansion and planned IPO appreciation.
Members who stop paying their maintenance fee will have their profit share reduced from 85% to 55% until all outstanding maintenance invoices are brought current.
Any requests for temporary exemptions from maintenance fees will be reviewed on a case-by-case basis by the Federation.
Refund Policy – Full Membership
Full refunds are available only within the first 3 days of purchase.
After 3 days, no refunds will be offered under any circumstances, because membership proceeds are immediately reinvested into Co-op growth, including insurance, marketing, app development, airport fees, compliance, and operations.
Profit Share Notes
Full shareholders earn 85% of profits, paid instantly via Stripe, with a 5% Stripe fee applied to instant deposits.
Fractional shareholders earn 55% of profits.
