NYC Driver-Owned Co-op Ride Looking to Crowdfund $1 Million to Spur Growth

The Drivers Cooperative is looking to raise money to fund growth. 'Co-op Ride' app has been downloaded more than 25,000 times and has 3,400 driver-members

The Drivers Cooperative, which is behind a new driver-owned NYC rideshare app, is looking to issue $1 million in debt to lenders in return for a limited share of future revenue. The debt funding would also keep company ownership in the hands of drivers (i.e., not giving up equity in business).

The Company is looking to capitalize on some high profile p…