Why Invest in Wave?: Riding the Wave of Growth
/Investing in Wave is a new opportunity to disrupt the massive rideshare and delivery markets.
Wave is a mobile app that provides transportation and delivery services. While it shares similarities with industry giants like Uber and DoorDash, it stands out by tackling the challenges that have long plagued its competitors: safety concerns, labor equity, and the thorny issue of surge pricing.
The delivery market presents a staggering $6 billion opportunity, and Wave has found a way to tap into its unaddressed potential. In a remarkable display of growth, the company tripled its revenue between 2021 and 2022, soaring from $1 million to an impressive $3 million.
Now, Wave is inviting everyday investors to invest in Wave and join in on its journey to success. But, is investing in Wave worth the risk? Keep reading to decide for yourself.
What is Wave and what has people interested in the Wave investment opportunity?
You might be thinking Uber and Doordash are too big to take on. But Wave investors see plenty of room for innovation in these massive markets.
Wave had its humble beginnings as a solution to offer secure and dependable transportation for students and the transportation-sensitive populations Over time, this dynamic platform has evolved into an integrated powerhouse, harnessing proprietary artificial intelligence technology to deliver comprehensive transportation and delivery services. The company's primary revenue stream stems from commissions on every ride and delivery facilitated.
Wave has a hybrid employment model, combining both employee and contractor roles among its drivers. The contractors typically engage with their delivery business for more earning potential and receive weekly compensation.
Within Wave’s driver community, there is an exclusive tier known as "clutch" drivers. These individuals enjoy the privilege of more frequent and consistent payments, coupled with greater responsibilities. Moreover, "clutch" drivers gain access to a range of benefits.
Additionally, the team leverages proprietary technology and AI. The following proprietary technological innovations are being used.
Farmatic Zendrive (vendor-supplied) technology for improving driver safety ratings and aggressive driver detection.
The rideshare industry and the potential ahead of Wave stock
To make an informed decision about whether to invest in Wave, it's crucial to gain a solid grasp of the industry landscape. Here's a snapshot of the rideshare/food delivery sector:
The global ridesharing market was valued at $95.09 billion in 2022 and is projected to grow to $113.05 billion in 2023 at a compound annual growth rate (CAGR) of 18.89%. By 2027, the market is expected to reach $231.62 billion. As of now, DoorDash holds 57% of the delivery market, while Uber holds 63% of the rideshare market.
This sector's sheer size is nothing short of astounding. Just capturing a mere 3% share of the food delivery market translates to a colossal $6 billion opportunity. It's noteworthy that even with the significant presence of Uber and DoorDash, they have not cornered the entire market, leaving billions still within reach for innovative players.
What makes investing in Wave more attractive for potential shareholders is Wave’s plan to scale their growth.
How Wave grew their revenue
Wave presently boasts a growing fleet drivers across the nation. The company's primary revenue stream is derived from commissions on both rides and deliveries.
Wave has also solidified valuable corporate partnerships with the Carolina Panthers (NFL team) and the Charlotte Hornets (NBA team). They offer custom transportation options to suite/luxury seat holders, plus standard rideshare and pickup zones. Furthermore, Wave extends its exclusive offerings to teams and staff, facilitating seamless transportation solutions for team-sponsored events.
Additionally, Wave has the potential to expand its revenue streams to include:
Advertising
Servicing direct corporate partners in a (B2B)
Licensing its software (SAAS) Model
In addition to expanding revenue streams, Wave is expanding its delivery services, rideshare services, and product options. Its current delivery expansion focus includes the cities of Orlando, LA, DC, NY, Dallas, Austin, Houston, Las Vegas, Jacksonville, San Diego, Chicago, New Orleans, San Francisco, and Louisville.
Its current rideshare expansion plan includes the cities of Orlando, LA, DC/Virginia, New York, Vegas, and Chicago.
For product offerings, some of Wave’s expansion plans include nanny drivers for kids/minors, butler drivers for elderly/seniors, and insurance policy sales to drivers.
How does Wave set itself apart?
Wave's competitors have faced increasing scrutiny due to their opaque pay structures and costly insurance policies. This situation has led to a sense of insecurity among passengers and drivers. Moreover, restaurants and businesses have found themselves at a disadvantage, grappling with pricing issues and subpar drivers who tarnish their brands' reputations.
Wave's fusion of cutting-edge technology, an unwavering commitment to safety, a strong sense of community, driver empowerment, and unwavering integrity sets them apart in the competitive rideshare and food delivery sectors.
Wave’s process for ensuring safety includes meeting every driver and performing face-to-face interviews. As well as performing deeper background checks for drivers if there are inconclusive results from the general background check.
Wave also prioritizes its relationship with drivers. The corporate team relies heavily on its relationships with drivers and partners to help shape the current and future direction of products and services offered on the platform.
Another common grievance levied against Wave’s competitors pertains to surge pricing. On alternative transportation apps, ride costs can skyrocket to 2-5 times the standard rate during peak periods. While Wave’s regular rates may be on average 30% higher than those of Uber or Lyft, Wave maintains a steadfast commitment to price consistency, ensuring passengers don't encounter sudden and steep price hikes.
Is Wave a good investment?
If you’re wondering, “should I invest in Wave?”, at Money & Mimosas we encourage you to ask yourself three questions:
What are the potential roadblocks?
What is the potential growth or upside?
How does this align with my values and/or overall investment strategy?
The biggest roadblock that Wave faces on its journey to success is establishing a prominent brand presence within a market overwhelmingly dominated by the giants, Uber and Lyft. The well-entrenched status of these industry titans presents several significant hurdles that Wave must navigate to carve out its own niche and gain recognition among consumers. Competing with such well-funded adversaries demands creative and cost-effective marketing strategies to gain traction and capture market share.
To overcome this formidable roadblock, Wave must differentiate itself in ways that resonate with consumers. Whether through a focus on safety, enhanced service quality, or unique features, Wave needs to clearly communicate its unique value proposition. Building trust and loyalty among riders and drivers alike will be instrumental in breaking through the dominance of Uber and Lyft and establishing Wave as a compelling and competitive alternative in the rideshare industry.
With that stated, Wave is taking significant strides to firmly establish its presence within the market.
One of Wave's strategic focal points has been the B2B sector, where they have cultivated corporate partnerships and tailored services designed to cater to the needs of the sports and entertainment industry. This deliberate emphasis on specialized solutions underscores Wave's commitment to diversifying its revenue streams and serving specific niches effectively.
Furthermore, Wave stands out by actively addressing the issues that have long plagued its competitors. They have implemented measures to ensure their drivers are fairly compensated and fostered an environment where customers and drivers feel safe.
As we stated above, we encourage investors to conduct their own due diligence to ensure that Wave is in alignment with your values.
How to invest in Wave stock
You can invest in Wave for $0.25 per share. The minimum investment is $500 and is open to all investors. You don’t have to be an accredited investor to invest in Wave.
The process of investing is really easy. You head over to the investment page and click the ‘Invest Now’ button. From there, the website will walk you through the seamless process of becoming an investor with Wave.
Disclosure: This is a paid advertisement for Wave’s Regulation CF Offering. Please read the offering circular at: invest.waveride.co
