10 months ago, FlitWays raised $25,000 investment from Travel Startup Incubator and they used the $25,000 to increase their revenue by 430% within 4 months. FlitWays is now raising $150K-$1M via Flashfunders and the Travel Startups Investor Network.
FlitWays offers ride pre-booking service in 110 cities helping travelers and businesses to schedule a ride ahead of time. With FlitWays, a ride can be pre-booked up to 1 year in advance. Business and leisure travelers can easily book a ride the same way they book their flight and have all of their travel services pre-arranged for a complete door-to-door travel experience.
FlitWays currently operates in 110 global major cities with access to over 15,000 vehicles. The company currently maintains 31% monthly growth (CAGR).
In September, FlitWays generated over $60,000 in sales, serviced 1,400 trips from new and recurring customers. FlitWays is targeting $9.1 M revenue for 2016 with the seed-series investment. The company has functioning in-house built technology and expects to use the raised capital to boost sales and expand to new markets.
FlitWays just secured a revenue partnership with 3 major travel companies (TUI, Xerox and Megabus) which will allow the travel companies to resell FlitWays service directly to their global travelers.
FlitWays was selected as one of the top 15 Best Startups at Collision in Las Vegas 2015. FlitWays was featured on Tnooz as an emerging travel startup dedicated to securing transportation to and from airports. FlitWays was also featured on Yahoo Finance, Skift, New York Magazine and KillerStartups.