Do I need to be an accredited investor?
No. RYDA is a luxury access platform, not an investment platform. Co-ownership is open to anyone who clears KYC verification and the standard membership requirements.
No accredited-investor status required. RYDA does not offer investments, co-ownership stakes are not registered securities and are not offered for investment purposes. They're a way to share the cost and use of a real car with a small group of other verified members.
What you do need
- Be 28 years or older.
- Hold a valid US driver's license with a clean recent driving record.
- Pass standard KYC (government ID + selfie match through Persona).
- Be willing to be added to the LLC's insurance policy.
Why the structure works without accreditation
Each car is held in an LLC that you and the other verified members manage together, up to 5 co-owners per vehicle, with a 2-share minimum per person. RYDA operates the car under a separate management services agreement, but the LLC itself is yours. You're not buying a passive investment product; you're buying the right to use a car you and your co-owners actually own. Because the structure is consumption-first (real ownership, real usage rights, no profit expectation), it falls outside SEC investment-contract classification.
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