Invest

The Company

Metta Motors, LLC. (“Metta Motors,” “we,” “us,” “our,” or the “Company”) was formed on May 25, 2022, under the laws of Florida, and is headquartered at 168 SE 1st ST, Miami, FL 33131.  

Metta Motors is the first and original crypto car rental company. We allow people to rent a car and make almost all their money back using blockchain technology. How it works is; you rent a car from us, you receive an NFT receipt. And that receipt you can put a desired FAIR price on it, which you can sell on Opensea. The beauty is not only that you can sell the receipt, but you can also claim free Metta tokens with it, stake it to generate more tokens, or even hold onto it because as the company grows, so does the value of the receipts. It’s a new age of doing business, and we’re leading the way.

Our founder Watson was sick of the traditional rental car model. You go to a big company, rent a car, and then never see or hear from them again. They take your money and you’re on your own. Metta wanted to create a more inclusive web3, where everyone could participate in the success of the company.

So he came up with that new rental car model. When you rent a car from Metta, you would also receive an NFT receipt. This receipt would give you ownership of a piece of the company. You could hold it, stake it, or sell it to generate rental cash back. This way, everyone could be involved in Metta’s success and benefit from it.

We at Metta had always been a believer in giving back. Metta was raised with the belief that if you have more than you need, it’s your responsibility to help those who are in need. When our founder came across blockchain technology, he knew that he could put his beliefs into action.

He decided to create a platform that would allow people from all over the world to participate in its success. Anyone who rented a vehicle from Metta would have the opportunity to make a portion of their rental back or even make all of it back. All they needed to do was hold or stake or sell their NFT receipt.

We currently have customers worldwide, including travel addicts and local car enthusiasts, and partnered with car collectors, automotive dealers, exotic car retail dealers, television and motion picture productions, and consumers in the luxury supercar and motorsports markets. 

 

The Offering

Securities offered: Up to 30,000,000 shares of Common Stock
   
Offering price per share: $2.00 per share of Common Stock
   
Minimum Investment: The minimum investment in this Offering is 1000.00. Each investor will be required to make investments in increments of 500 shares of Common Stock, or $1000.00
   
Shares outstanding before the Offering: 24,515,691 shares of Common Stock
   
  666.66 shares of Series B Preferred Stock
   

Shares outstanding after the Offering:

(assuming fully subscribed)

 

54,515,691 shares of Common Stock

   
Use of Proceeds: We estimate that, at a per share price of $2.00, the proceeds from the sale of the 30,000,000 shares of Common Stock, with 21,000,000 being sold by the Company and 9,000,000 by selling stockholders, in this Offering will be approximately $57,110,000, after subtracting estimated offering costs of $1,545,000 to Metta United, LLC, in commissions, professional fees, EDGARization, and marketing costs.
   
  We intend to use the net proceeds of the Offering for working capital, marketing, up-front design work for new in-airport branches all over America and the Caribbean, in this very lucrative business our main goal is to be world-wide. Crypto offers a no-cash back technology which will help us to keep all our booking booked. So there is almost no way not to disrupt the market.
   
Risk Factors: Investing in our securities involves risks. See the section entitled “Risk Factors” in this Offering Circular and other information included in this Offering Circular for a discussion of factors you should carefully consider before deciding to invest in our securities.

Selected Important Risk Factors Associated with Our Business

Legally every company requires to identify risks that are specific to its business and its financial condition. The Company is still subject to all the same risks that all companies in its business, and all companies in the economy, are exposed to. These include risks relating to economic downturns, political and economic events and technological developments (such as cyber-attacks and the ability to prevent those attacks). Additionally, early-stage companies are inherently more risky than more developed companies. You should consider general risks as well as specific risks when deciding whether to invest.

  • Investors will have no ability to impact or otherwise influence corporate decisions of the Company.
  • We expect to raise additional capital through offerings of equity and convertible securities and to provide our employees with equity incentives. Therefore, your ownership interest in the Company is likely to continue to be diluted.
  • Using a credit card to purchase shares may impact the return on your investment as well as subject you to other risks inherent in this form of payment.
  • Our financial statements were prepared on a “going concern” basis.
  • We may not be able to generate sufficient cash to service all of our debt or refinance our obligations and may be forced to take other actions to satisfy our obligations under such indebtedness, which may not be successful. We may incur additional debt in the future, which may materially and adversely affect our business, financial position, results of operations, and cash flows.
  • Substantially all of our assets are pledged as collateral to some of our lenders.
  • We may face litigation in the future.
  • We are dependent on our hosts and partners, the vast majority of which are single source hosts, and the inability of these hosts to continue to delivery, or their refusal to deliver, would have a material adverse effect on our business.
  • Our relationship with our hosts and partners may be impacted by our financial condition.
  • Our long-term success is dependent upon our ability to get new partners worldwide.
  • Our business model is different from the predominant current business model for car rental companies, which makes evaluating our business, operating results and future prospects difficult.
    ● We may face regulatory limitations on our ability to generate new customers directly or over the Internet.
  • The car rental market is highly competitive, and we may not be successful in competing in this industry. We currently face competition from new and established competitors and expect to face competition from others in the future.
  • Demand in the car rental industry is highly volatile, which may lead to lower car rental sales and adversely affect our operating results.
  • Difficult economic conditions may negatively affect consumer purchases.
  • Our financial results may vary significantly from period-to-period due to the seasonality of our business and fluctuations in our operating costs.
  • If we are unable to establish and maintain confidence in our long-term business prospects among consumers, analysts, and within our industry, then our financial condition, operating results and business prospects may suffer materially.
  • We may not succeed in maintaining and strengthening the Metta Motors brand, which would materially and adversely affect customer acceptance of our vehicles and our business, revenues, and prospects including our ability to raise capital.
  • If we fail to manage future growth effectively as we rapidly grow our company, we may not be able to produce, market, sell and service our vehicles successfully.
  • If we are unable to attract and/or retain key employees, our ability to compete could be harmed. In particular, we are highly dependent on the services of Watson Delice, our Chief Executive Officer.
  • We are subject to various environmental and safety laws and regulations that could impose substantial costs upon us and negatively impact our ability to operate our car rental business.
  • Our business may be adversely affected by union activities.
  • Changes in employment laws or regulation could harm our performance.
  • We are subject to substantial regulation, which is evolving, and unfavorable changes or failure by us to comply with these regulation could substantially harm our business and operating results.
  • We may become subject to product liability claims, which could harm our financial condition and liquidity if we are not able to successfully defend or insure against such claims.
  • We may need to defend ourselves against patent or trademark infringement claims, which may be time-consuming and would cause us to incur substantial costs.
  • Our business will be adversely affected if we are unable to protect our intellectual property rights from unauthorized use or infringement by third parties.
  • Our offices or operations could be damaged or adversely affected as a result of disasters or unpredictable events.
  • If we are unable to protect our intellectual property rights, our financial results may be negatively impacted.
  • We may be subject to liability if we infringe upon the intellectual property rights of third parties.
  • Metta Motors is vulnerable to hackers and cyberattacks.
  • Any valuation at this stage is difficult to assess.
  • There is no minimum amount set as a condition to closing in this Offering.
  • This Offering involves “rolling closings,” which may mean that earlier investors may not have the benefit of information that later investors have.
  • If Metta Motors runs out of cash and is not able to successfully raise additional capital, it may need to liquidate the business.
  • Our management has discretion as to use of proceeds.
  • The subscription agreement has a forum selection provision that requires disputes to be resolved in the state or federal courts in the State of Florida, regardless of convenience or cost to you, the investor.
  • Investors in this Offering may not be entitled to a jury trial with respect to claims arising under the subscription agreement, which could result in less favorable outcomes to the plaintiff(s) in any action under the agreement.
  • There is no current market for our Common Stock, so you may not be able to sell your shares.
  • Anti-takeover provisions may limit the ability of another party to acquire our company, which could cause our stock price to decline.

Investors must agree to all the above before starting to invest in Metta Motors.

Our annual operating budget includes a commitment to effective marketing, advertising and promotional efforts in order to further strengthen awareness of our brand and expose our products to a larger audience. To the extent we obtain sufficient funding, we expect to contract with marketing and advertising businesses with experience marketing and promoting specialty automotive brands to further promote our business. Our marketing plans and efforts include the following:

Market and Strategy
Our principal marketing goals are to:

● generate demand for our car rental services and drive leads to our sales teams;
● build long-term brand awareness and manage corporate reputation;
● manage our existing customer base to create loyalty and customer referrals; and
● enable customer input into the product development process.

Social Media and Team Metta Motors: We actively promote our vehicles and our brand through social media including Facebook, Instagram, Twitter and online forums linked to mettamotors.com. In addition, we recently introduced Team Metta Motors, an online club for Metta Motors enthusiasts. Team Metta Motors provides paid members with exclusive access to the latest technologies at Metta Motors, message boards moderated by Metta Motors executives, pictures and articles, new country launches, and live streaming from many of our car shows and events. Several hundred members have signed up in just the first month of Team Metta Motors. In addition, there are several Metta Motors fan sites, user groups and forums online accessed by thousands of Metta Motors enthusiasts worldwide.

 
Events Marketing: As a modern car rental company, we take pride in attending events on the international auto show circuit such as in Chicago, Los Angeles, Detroit, New York, Pebble Beach, Shanghai and Beijing. We also participate in regional car shows and our participation in each event includes securing a booth to display our products, holding press events to announce new features, and networking with attendees and other car rental companies at the shows.

Print Marketing: Our print marketing strategy includes purchasing of ad space targeted to our customer base as well as free press through press releases of newsworthy or entertainment-worthy information. The estimated costs of purchased ad space will vary by target market. We generally purchase ad space at car show venues from time to time as we determine and in keeping with our marketing budget in cities where our tourists are actively engaged in.

N.B.:*** Investors should always conduct their own due diligence, not rely on the financial assumptions or estimates displayed herein, and should always consult with a reputable financial advisor, attorney, accountant, and any other professional that can help them to understand and assess the risks associated with any investment opportunity. Any investment involves substantial risks. Major risks, including those related to the Equity Protection and/or the potential loss of some or all principal, are disclosed in the private placement memorandum for each applicable investment.

 

 / 

Sign in

Send Message

My favorites