Q: Cosmic Partner - Crucial Questions

What is the price to invest? ****The cost to purchase vehicles is $800 per vehicle including 6 months of SIM Data, Monitoring and Insurance. The minimum to invest is $7500 though we have a micro-investor program where you can invest as little as $1,000. I have less than the minimum amount to invest. Am I able to? ****We are currently running an invite only micro-investor program in which you can invest as little as $1,000. We did this because we were getting hundreds of requests to allow smaller passive investments. Typically if you are purchasing just 1 or 2 vehicles to share, we will reserve them for rentals vs. free floating though that is not always the case. Is there an office to meet at? ****Cosmic has closed our offices due to the global pandemic. Our team works remotely but it gives us the advantage to provide better service to our partners. When things normalize we will reopen our offices in Medellin and potentially Bogota. We are always available to have video calls and we are here to help you succeed. In some cities we are available to meet in person but it is greatly dependant on the state of the world and the rules of each individual city. How much can I earn? ****Cosmic vehicles earn 12-20% of their value. For example if you had a fleet of 10 scooters you would be earning approximately $800-1,000 USD per month. Under normal conditions everything after month 10 is profit. How are my vehicles and income being protected? ****It starts wit

Question 1

Cosmic Partner - Crucial Questions

Accepted Answer

What is the price to invest? ****The cost to purchase vehicles is $800 per vehicle including 6 months of SIM Data, Monitoring and Insurance. The minimum to invest is $7500 though we have a micro-investor program where you can invest as little as $1,000.

I have less than the minimum amount to invest. Am I able to? ****We are currently running an invite only micro-investor program in which you can invest as little as $1,000. We did this because we were getting hundreds of requests to allow smaller passive investments. Typically if you are purchasing just 1 or 2 vehicles to share, we will reserve them for rentals vs. free floating though that is not always the case.

Is there an office to meet at? ****Cosmic has closed our offices due to the global pandemic. Our team works remotely but it gives us the advantage to provide better service to our partners. When things normalize we will reopen our offices in Medellin and potentially Bogota.

We are always available to have video calls and we are here to help you succeed. In some cities we are available to meet in person but it is greatly dependant on the state of the world and the rules of each individual city.

How much can I earn? ****Cosmic vehicles earn 12-20% of their value. For example if you had a fleet of 10 scooters you would be earning approximately $800-1,000 USD per month. Under normal conditions everything after month 10 is profit.

How are my vehicles and income being protected? ****It starts wit

Question 2

I got a notification "No Vehicles Available at this time."

Accepted Answer

If there are no available vehicles it is due to high demand during your requested periods or we are not operating in your city yet. If you would like to request Cosmic launch in your city please submit a request to our "Contact US" page with your city name.

Question 3

How Does Cosmic Calculate My Earning Potential?

Accepted Answer

Earning potential is highly dependent on market and seasonality. Most markets go through waves of heavy usage, so the law of averages is important when factoring and calculating how much you could potentially earn from shared and clean mobility.

At Cosmic the earning potential is calculated based on global averages of $2.47 per ride and an average of 3 rides per day per scooter, though the averages change based on vehicle type. For example shared e-bikes in a market with a high and concentrated amount of gig delivery drivers. May yield less per ride but more frequent and consistent usage.

Passive Investor: 50% Rev Share - Cost of operations factored in 2.25 value per ride x 4 rides per day x 30 days (x = size of your fleet) / 50% = Your Monthly Earnings

Franchisee: 85% Rev Share - Cost of operations will be defined with a Shared Mobility Specialist 2.25 value per ride x 4 rides per day x 30 days (x = size of your fleet) - 15% = Your Monthly Earnings

Question 4

How can I park the ride to make sure no one else can use it?

Accepted Answer

For those who booked the scooter for the whole day/week/month, you can park using the Digital Locking System. For the bikes, you can use the mechanical lock when you park.

Question 5

Payment Options

Accepted Answer

You add a payment method to your account by navigating to "Payment" in the Cosmic app menu. This will be the default payment option for each ride. We currently accept American Express, Discover Network, MasterCard, and Visa credit cards.

Question 6

Is it possible to rent more than one vehicle at a time?

Accepted Answer

Yes, you can rent up to 8 vehicles at a time at Cosmic web site.

For each vehicle you rent you will need a smartphone with Cosmic's App downloaded and a personal email address for that device to assign the vehicle.

If you are looking for more than 8 vehicles at a time, please contact hello@cosmicgo.co.

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