Republic Republic Republic
  • Log in
Open account
Oops! We couldn’t find any results...
Can’t find a deal? Try advanced search.
Is something missing? Add your suggestion here.
Primary market Live deals Trading Buy and sell Republic Note Own a piece of Republic's upside
Republic Ventures Opportunities for accredited investors
Republic Capital Multi-stage venture firm
Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets Sharedrops Gift equity as a reward Founder Academy A complete guide to raising funds
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets Tokenization Deploy your assets on-chain
Republic Capital In-house Venture Capital fund Broker dealer Regulated capital services
Republic Republic Republic
Oops! We couldn’t find any results...
Can’t find a deal? Try advanced search.
Is something missing? Add your suggestion here.
  • US

  • Log in
  • Open account
All investors
Primary market Live deals Trading Buy and sell
Republic Note Own a piece of Republic's upside
Accredited only
Republic Ventures Opportunities for accredited investors
Institutional
Republic Capital Multi-stage venture firm
More
Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
Growth capital solutions
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets Sharedrops Gift equity as a reward Founder Academy A complete guide to raising funds
Web3 services
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets
Tokenization Deploy your assets on-chain
Institutional services
Republic Capital In-house Venture Capital fund
Broker dealer Regulated capital services

Relay On Demand isn't accepting new investments

Relay On Demand’s deadline was April 22, 2021

Follow the company to stay updated on their progress, including future investment opportunities


Explore new investment opportunities:
View companies raising now
Campaign ended
Logo of Relay On Demand

Relay On Demand

The new and better way for truck drivers to work
Transportation & Construction Services Black Founders Transportation
Facebook Telegram Twitter LinkedIn
Featured image of Relay On Demand
$494,417
Raised
1,244
Investors
Successfully funded and closed on April 22, 2021.
Invest in Relay On Demand

Open for investment

Investors in Relay On Demand also invested in these companies. View more
Logo of Rentberry

Rentberry

Invest Pre-IPO in the AI Revolution Transforming $13...

Republic Funding Portal · Reg CF
Logo of  Metaintro

Metaintro

The Bloomberg of Labor Markets - AI-powered workforc...

Republic Funding Portal · Reg CF
Logo of The Sports Bra

The Sports Bra

The world's first sports bar fully dedicated to wome...

Republic Funding Portal · Reg CF
Logo of Mintworks

Mintworks

$30T opportunity by 2030. We turn any asset into dig...

Republic Funding Portal · Reg CF
Logo of Finless Foods

Finless Foods

Sustainable sushi-grade tuna to meet a growing suppl...

Republic Funding Portal · Reg CF
Logo of Yakuru Inc.

Yakuru Inc.

Precision supplements, biometrics, and AI performanc...

Republic Funding Portal · Reg CF
Logo of Code Blue

Code Blue

AI that calls for help when you can’t

Republic Funding Portal · Reg CF
Loading...
Pitch Updates 6 Reviews 219
Invest Invest in Relay On Demand
Facebook Telegram Twitter LinkedIn
Closed on April 22, 2021. Information may not be up-to-date. Campaign closed on April 22, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Relay on Demand, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Relay On Demand Crowd SAFE
Loading

Hear from some of the 1,244 investors in Relay On Demand


Show more

Highlights


$1M+ revenue
Company had over $1M in revenue in the past 12 months
Bootstrapped
High traction without any outside capital
Profitable
Company has been profitable for the past 6 months
  • An on-demand fully flexible driver workforce
  • 1,000+ drivers and 400+ carriers signed on to the network
  • ARR $2MM with 20% MoM growth and already profitable
  • Freedom and flexibility for millions of truck drivers
  • Book and dispatch multiple drivers instantly with just the tap of a button
  • Potential to build a $1B business in the nearly $1T trucking industry
  • Led by a seasoned entrepreneur and team that knows trucking and technology

Problem


Nearly 1 million small trucking companies cannot get the drivers they need

As a result, these companies incur tens of thousands of dollars a month in lost revenue and expenses while their truck assets sit in their yard, unseated. These unseated trucks significantly impact asset utilization and can be the difference between bankruptcy or a profitable year for many trucking companies.

Unseated trucks happen because small trucking businesses don’t have big budgets to recruit drivers. In addition, driver turnover in the industry is nearly 100%, and the community is severely underserved by traditional staffing agencies.

There needs to be a more efficient way to allow trucking companies to get the drivers they need and for truck drivers to find the work they want.

Solution


Find, book and dispatch drivers on demand with the Relay Drivershare Network

Relay was created to transform how truck drivers and trucking companies work together. At its core, Relay is a first of its kind on-demand drivershare network that allows trucking companies to utilize a shared pool of pre-certified drivers, to keep their trucks rolling 24/7. At the same time, Relay gives truck drivers the freedom and flexibility to book work when and how often they want, so that they can live a more balanced lifestyle. Powered by our ground breaking technology, our drivershare network ensures that no truck goes unseated ever again. 

Product


100x better than staffing for carriers

Through our iOS, Android, and web apps, carriers instantly gain access to the drivers they need. Only Relay's tech allows carriers to find, book, and dispatch multiple drivers in just three clicks, allowing each truck to run multiple shifts and operate 24/7, maximizing asset utilization.

Freedom and flexibility for drivers!

Through our iOS and Android apps, drivers can find and book work as often as they'd like, working around their own schedules. They can choose local, regional, or long haul gigs on a daily basis or schedule themselves in advance on more dedicated gigs. 

Our smart technology automatically matches drivers with the right runs they qualify for. Additionally, our tech eliminates the friction of turnover by allowing drivers to work with any carrier on the network without needing to reapply or complete cumbersome interviews ever again.

Drivers can finally enjoy a better lifestyle with the freedom and flexibility Relay provides them.

Traction


20% MoM growth

We've seen strong traction since our launch. Over 1,000 drivers and over 400 carriers signed up for our network just in our first year! Since then, we have grown at a consistent rate of 20% MoM. We've also received 5 stars across the board from both drivers and carriers for our performance. Currently, we are seeing monthly revenue at $2M ARR and have already achieved a profitability thanks to our efficient business model.

Customers


The best thing to happen for truck drivers and companies since trucks were invented

Relay is revolutionizing the trucking industry by instantly connecting small trucking companies to drivers. Small trucking companies move America, making up 90% of the trucking market. We help these businesses double their revenue per truck by maximizing their asset utilization. We also provide freedom to drivers who don't own their own truck by empowering them to find jobs that are flexible with their schedules and lifestyles.

Business model


Yearly subscriptions combined with transaction fees

We charge trucking companies a yearly subscription fee to join our drivershare network (think Costco). This membership gives companies unlimited access to the drivershare network and technology platform to book, dispatch, and automate driver compliance for their entire fleet.

In addition, for every run completed, we charge the carrier a transaction fee based on the driver pay rate the carrier sets which goes from $20/hr and up.

We also offer a freemium model, which allows carriers and individuals to access the network without any membership fees and utilize a higher pay-as-you-go structure for urgent on-demand driver needs.

Market


A $1.5T market by 2026

The trucking industry is a quickly growing industry, especially in light of global events such as COVID-19. It is projected to be worth $1.5T by 2026. Currently, there are 1M trucking carriers, of which 900k are classified as small trucking businesses. With our current traction and financial model, we project that our annual run-rate will quickly surpass $36M in 2 years. We're en route to building a $1+ billion business.

Competition


A truly on-demand, affordable drivershare network

We are not a staffing agency with an app. We are a drivershare network that has created a first to market platform that is truly on demand and much more affordable for small trucking businesses.

Our competition is traditional and digital staffing agencies who's model is to fill a single driver position at a time which takes days to weeks to achieve. We set ourselves apart with our innovative solution that enables carriers to instantly book and dispatch multiple drivers for each truck so that the asset can be maximized and stay rolling 24/7. Our shared driver network approach means less unseated trucks at more affordable driver rates than traditional and digital staffing agencies can provide.

We are unique because we offer truly on demand capabilities to book and dispatch a driver in minutes,  the ability to book multiple drivers for a single truck with just the tap of a button, and built in smart driver compliance management for entire fleets. 

Vision and strategy


Nationwide expansion over 5 years

Our mission has been clear since day one: to provide a better way for truck drivers and carriers to achieve their goals while creating a more efficient freight industry.

By reaching our funding goal, we will dominate the market by providing an end-to-end driver platform, where anyone can access our network to get their trucks and large vehicles rolling anytime, anywhere.

Relay will power the technology and platform that enables a fully flexible driver workforce that seamlessly integrates with the trucking technologies of the future. Trucking companies will operate a majority of their trucks with Relay drivers to stay competitive.

We see a future where maximum flexibility leads to maximum profitability and better lifestyles for both companies and drivers.

Funding


Seeking our first round of funding

We are opening our first round of funding to the people we built Relay for (i.e. truck drivers and trucking professionals) alongside investors, family, friends, and others who see our technology and platform as the catalyst to revolutionize the trucking industry. With this funding, we will supercharge our growth by enhancing our product, expanding into new markets, and adding more drivers and companies to our network.

Founders


Darrell Pickens, Founder and CEO

Darrell Pickens grew up the son of a truck driver. He became a tenured engineer who spent a decade at a Fortune 500 company. He left this successful career to lead and build three companies, becoming a seasoned entrepreneur.

Trucking is in his blood, but engineering and innovation are his passions. It was while serving as President of the trucking company he founded when Darrell realized the need to build Relay for the trucking industry.

He has the vision, knowledge, and ability to revolutionize how truck drivers and trucking companies will work together in a more technologically-driven trucking industry.

Deal terms


Valuation cap

$8,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

10%

If a trigger event for Relay On Demand occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Relay On Demand is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Relay On Demand needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Relay on Demand, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Relay On Demand Crowd SAFE

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Relay On Demand.
100 investors
Invest
$1,000
Receive
  • Really Cool Relay Promo Vest
  • Your name listed on our investors page.
  • Sold out (0 left of 100)
6 investors
Invest
$10,000
Receive
  • Either dinner with CEO/Founder in or a live call with our CEO/Founder.
  • Your name in our investors page and A special 'R' investor tag.
  • Priority acceptance in Relay beta tests
  • Priority support
  • Limited (4 left of 10)
Invest
$50,000
Receive
  • Major Investor Rights
  • Either dinner with CEO/Founder in or a live call with our CEO/Founder
  • Your name in our investors page and a Major 'R' investor tag.
  • Limited (10 left of 10)

Why others invested

See all reviews (219) See all (219)

Trucking and national logistics will remain a key component of the economy for the forseeable future. Small businesses, with a tool like this, will be better positioned to adapt to changing vehicle and transport regulations, and see positive movement for their workers and clients.

Profile picture of Kristopher Thomas
Kristopher Thomas
Value-add investor
over 5 years ago

The product / market fit and opportunity for market traction is attractive. Drivers have more control of their lives while truck owners are able to minimize down time. Investing in diverse founders is also important to me.

Profile picture of Todd Adams
Todd Adams
Active investor
over 5 years ago

My Dad is a career long haul truck driver, and his sacrifices on the road made it possible for my brother and I to have a prosperous life. I'm thrilled to invest in a platform that gives power back to drivers who want more time with their families and the pay they deserve for keeping America moving.

Profile picture of Matthew Convente
Matthew Convente
Active investor
over 5 years ago

About Relay On Demand

Legal Name
Relay on Demand, Inc.
Founded
Apr 2018
Form
Delaware Corporation
Employees
5
Website
relayondemand.com
Social Media
Headquarters
Google Map location of of Relay On Demand
127 Business Center Drive , Corona, CA
Headquarters
127 Business Center Drive, Corona, CA, United States 92880

Relay On Demand Team
Everyone helping build Relay On Demand, not limited to employees

Profile picture of DARRELL PICKENS
DARRELL PICKENS
Founder, CEO/CTO
Featured in Superheroes · Read
We are building a diverse team of talent and backgrounds to lead and revolutionize the industry.
Profile picture of THE RELAY DRIVERS
THE RELAY DRIVERS
All the great men and women on the road who make Relay great everyday!
Profile picture of Joshua O'Berry
Joshua O'Berry
Automation and Analytics
Profile picture of Yesica Miranda
Yesica Miranda
Operations
Profile picture of Aaron Pickens
Aaron Pickens
Digital Marketing
Profile picture of Salina Brill
Salina Brill
Business Development
Profile picture of Karla Angel
Karla Angel
Accounting
Profile picture of Micah Tsern
Micah Tsern
Engineering Adviser
Profile picture of Scott Brovsky
Scott Brovsky
Executive Adviser
Profile picture of Tj Sehmi
Tj Sehmi
Technology Adviser
Profile picture of Sammy Signh
Sammy Signh
Business Devolpment Adviser
Profile picture of Doug Kollymer
Doug Kollymer
Sales Adviser
10 more team members
DARRELL PICKENS
Founder, CEO/CTO
Joshua O'Berry
Automation and Analytics
Yesica Miranda
Operations
Aaron Pickens
Digital Marketing
Salina Brill
Business Development
Karla Angel
Accounting
Micah Tsern
Engineering Adviser
Scott Brovsky
Executive Adviser
Tj Sehmi
Technology Adviser
Sammy Signh
Business Devolpment Adviser
Doug Kollymer
Sales Adviser
THE RELAY DRIVERS
All the great men and women on the road who make Relay great everyday!

Press

Status Update: 'Uber for Truckers' app wins local 'Shark ...
Press Enterprise Press Enterprise
·
May 15, 2019

A start-up in Norco that considers itself the equivalent of an Uber for truck drivers and freight carriers was the winner...

Logo of Relay On Demand

Relay On Demand

Relay On Demand successfully raised $494,417 from 1244 investors on April 22, 2021
Profile picture of Randi Zuckerberg
Profile picture of Monique Jn-Marie
Profile picture of Aldrien Crisologo
Profile picture of Ken Nichols
Profile picture of Monique Little
Randi, Monique, Aldrien, Ken, Monique, and 1239 others invested. 219 Reviews
Republic

Giving everyone access to early-stage startup investing

For investors
  • Why invest
  • How it works
  • FAQ
  • Risks
  • Privacy policy
  • Accessibility
  • Cookie Preferences
  • Form CRS
For startups
  • Why raise
  • Learn
  • FAQ
  • Tokenized assets
Company
  • About
  • Insights
  • Events
  • Contact
  • Security
  • We're hiring!
Dollar Refer a startup, get $2,500
Dollar Refer a startup, get $2,500

Invest in the app

Android app iOS app

Invest in the app

Android app iOS app

This site (the "Site") is owned and maintained by OpenDeal Inc., which is not a registered broker-dealer. OpenDeal Inc. does not give investment advice, endorsement, analysis or recommendations with respect to any securities. All securities listed here are being offered by, and all information included on this Site is the responsibility of, the applicable issuer of such securities. The intermediary facilitating the offering will be identified in such offering’s documentation.

All related securities activity is conducted by OpenDeal Broker LLC a registered broker-dealer, Member of FINRA and SiPC, an affiliate of OpenDeal Inc. and OpenDeal Portal LLC, located at 149 5th Avenue, 10th Floor, New York, NY 10010. Please check our background on FINRA’s BrokerCheck.

Certain pages discussing the mechanics and providing educational materials regarding regulation crowdfunding offerings may refer to OpenDeal Broker LLC and OpenDeal Portal LLC collectively as “Republic”, solely for explanatory purposes.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC make investment recommendations and no communication, through this Site, or in any other medium, should be construed as a recommendation for any security offered on or off this investment platform. Investment opportunities posted on this Site are private placements of securities that are not publicly traded, involve a high degree of risk, may lose value including the total loss of invested capital, are subject to holding period requirements and are intended for investors who do not need a liquid investment. Past performance is not indicative of future results. Investors must be able to afford the loss of their entire investment. Only qualified investors, who understand the risks of early-stage investment and who meet the Republic's investment criteria may invest. Investors may be restricted to only Accredited Investors or non-U.S. persons, to invest in offerings hosted by OpenDeal Broker. Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC, nor any of their officers, directors, agents and employees make any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this Site or the use of information on this site. Offers to sell securities can only be made through official offering documents that contain important information about the investment and the issuers, including risks. Investors should carefully read the offering documents. Investors should conduct their own due diligence and are encouraged to consult with their tax, legal and financial advisors.

By accessing the Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. Please also see OpenDeal Broker’s Business Continuity Plan and Additional Risk Disclosures. All issuers offering securities under regulation crowdfunding as hosted by OpenDeal Portal LLC are listed on the All Companies Page. The inclusion or exclusion of an issuer on the Platform Page and/or Republic’s Homepage, which includes offerings conducted under regulation crowdfunding as well as other exemptions from registration, is not based upon any endorsement or recommendation by OpenDeal Inc, OpenDeal Portal LLC, or OpenDeal Broker LLC, nor any of their affiliates, officers, directors, agents, and employees. Rather, issuers of securities may, in their sole discretion, opt-out of being listed on the Platform Page and Homepage.

Investors should verify any issuer information they consider important before making an investment.

Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify information provided by companies on this Site and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Site can be found by searching the EDGAR database, or the offering documentation located on the Site when the offering does not require an EDGAR filing.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. Therefore, when you use the Services we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license, passport or other identifying documents.

Republic and its affiliates are not and do not operate or act as a bank. Certain banking services are provided by BitGo Trust Company, a South Dakota-chartered trust company and registered money services business. BitGo Trust Company is not an FDIC member. Digital (crypto) assets and investment products are not insured by the FDIC, may lose value, and are not deposits or other obligations of BitGo Trust Company and are not guaranteed by BitGo Trust Company. Terms and conditions apply.

Invest in startups using your credit card
You can invest using your credit card

Made in SF/NYC