Rip Cars raised $250K through MetaDAO three weeks ago. Of the $250K raised, only $40K has been unlocked and made available to the company so far. Since then, we’ve been moving fast toward launch.

Progress Over the Last Three Weeks

* Formed the U.S. operating company and completed initial legal/tax structuring
* Secured banking for the U.S. company
* Reached 500+ $CARS holders and 900 users on the waitlist
* Acquired ~$23k of Hot Wheels related inventory
* Built out the core gacha algorithm and infrastructure
* Built out the first version of the inventory management software
* Acquired equipment for high precision photography
* Started establishing accounting and inventory-accounting infrastructure
* Recruited an engineer
* Recruited a back office assistant

Of the initial $40K unlock, we currently have around $10K remaining.

Additional Capital

We are now gearing up for launch and need additional $50K capital for:

* Hot Wheels Inventory: $30-40K
* Office/facility security deposit and prepayment: ~$8500
* Design: $2000
* Accounting: $2000
* Engineering/infra
* Initial buyback liquidity

Our next monthly unlock is scheduled for August 25. Depending on volumes during the first week after launch, we may need that capital as a reserve to rapidly acquire additional inventory.

The goal is simple: if demand is strong, working capital shouldn’t become our bottleneck.

Proposal

We propose unlocking an additional $50,000 of capital to fund the launch-related expenses above and provide Rip Cars with sufficient working capital going into launch.

Any capital not immediately required for launch expenses will remain available as a reserve, primarily for inventory acquisition and buyback liquidity as platform volume grows.