Unlo on WeFunder | Deal Memo

Jun 6, 2021 1 min read
Invest in unlo: unlo | Any vehicle. Anywhere. One Subscription. | Wefunder
unlo | Any vehicle. Anywhere. One Subscription.

Company Overview

Problem Addressed: The average cost to own and maintain a car is over $700 per month. Yet, cars are on average parked 95% of the time. Car ownership is wasteful and ties up a lot of cash that could be saved or spent more effectively.

The Product: Unlo takes the best of the automotive industry and wraps it all into a single subscription. Membership unlocks the vehicles you want and need, when you want and need, where you want and need.

Deal Terms

  • Security: SAFE
  • Valuation Cap: $3,000,000
  • Min. Investment: $100

(Data as of June 2021.)

Unlo: WeFunder Campaign Highlights

1) $15,000+ revenue and 7,000+ unique website visitors from 43 countries.

2) $100,000+ in monthly recurring revenue potential from "buy now" clicks

3) Founded by former racing driver, serial entrepreneur, and legacy car-share employee.

4) All investors invited to founder's room social channels to socialize and keep up-to-date with unlo.

5) Goal: distill the best of the current auto industry, and combine into a single next-gen service.

6) $200,000+ committed personally by founder

7) By 2023 75% of direct-to-consumer businesses will offer subscription.

8) SAFE holders receive discounts on membership!

Did I Invest In Unlo?

I’m still in the process of writing a full deal report and decide whether or not I will invest in Unlo on WeFunder. At Angel Notes, I review 100+ pitches on 10+ platforms every month and send a detailed report every Saturday to subscribers of the Angel Notes newsletter (you can join through the form below). See you soon!

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