Alkane Truck Company

Alkane Truck Company

Early Stage

New line of trucks

New line of trucks

Overview

Raised this Round: Raised: $97,185

Platform

StartEngine

Start Date

01/17/2017

Close Date

07/20/2018

Min. Goal
$24,993
Max. Goal
$999,997
Min. Investment

$247

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.26

Year Founded

2011

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Location

Myrtle Beach, South Carolina

Alkane Truck Company is raising funds on StartEngine. The company is preparing to launch a new line of trucks to fill much-needed market voids. Alkane Truck Company will offer trucks in five different fuel types, including those powered by compressed natural gas, gasoline, and liquid propane autogas. The company will also introduce a range-extended electric vehicle powertrain for its Dominator and Class 7 trucks in 2020. Robert Smith, III founded Alkane Truck Company in June 2011. The current crowdfunding campaign has a minimum target of $24,993.42 and a maximum target of $999,996.66. The campaign proceeds will be used for production, marketing, salaries, working capital, professional fees, and intellectual property.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$221,160

$0

COGS

$-269,414

$0

Tax

$0

$0

 

 

Net Income

$-1,154,127

$-672,032

Summary Balance Sheet

FY 2016 FY 2015

Cash

$29,833

$3,180

Accounts Receivable

$0

$0

Total Assets

$966,727

$1,020,397

Short-Term Debt

$2,717,460

$2,260,666

Long-Term Debt

$1,923,673

$1,280,010

Total Liabilities

$4,641,133

$3,540,676

Financials as of: 01/17/2017
Create a free account today to gain access to KingsCrowd analytics.

Funding data not publicly available

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Alkane Truck Company on StartEngine 2018
Platform: StartEngine
Security Type: Equity - Common
Price per Share: $4.26

Follow company

Follow Alkane Truck Company on StartEngine 2018

Buy Alkane Truck Company's Deal Report

Warning: according to the close date for this deal, Alkane Truck Company may no longer be accepting investments.

Alkane Truck Company Deal Report

Get KingsCrowd’s comprehensive report on Alkane Truck Company including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Alkane Truck Company is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Alkane Truck Company deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge