AP Racing
Early Stage
We teach people Machine Learning by having them race autonomous cars online
Overview
Raised: $6,550
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/29/2020
Close Date
04/20/2021
Min. Goal
$65,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/29/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$25
# of Investors
29
Momentum
Not Funded
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Year Founded
2020
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
AP Racing, with a $5 million valuation cap, is raising crowdfunding on Wefunder. The company is revolutionizing the education system by teaching machine learning through racing autonomous cars online. The students grasp artificial intelligence programming by building and racing autonomous cars and practice their skills through competition. AP Racing was founded by Akin Shoyoye and Sai Sanigepalli in July 2020. The proceeds of the current crowdfunding campaign, with a minimum goal of $65,000 and a maximum goal of $107,000, will be used for education, engineering, design, growth, and marketing. AP Racing also has the potential to create a new motorsport where robots drive and fuel the growth of AI.
Summary Profit and Loss Statement
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COGS |
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Net Income |
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Summary Balance Sheet
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Cash |
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Accounts Receivable |
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Total Assets |
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Short-Term Debt |
$0 |
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Long-Term Debt |
$0 |
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Total Liabilities |
$0 |
$0 |
Financials as of: 07/29/2020
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