AP Racing

Early Stage

We teach people Machine Learning by having them race autonomous cars online

Analytics

Raised to Date: Raised: $6,550

Aggregate Commitments $

Platform

Wefunder

Start Date

07/30/2020

Close Date

04/20/2021

Min. Goal

$65,000

Max. Goal

$107,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,000,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

04/30/2021

Days Remaining
Funded
% of Min. Goal

10%

% of Max. Goal

6%

Likelihood of Max
Funded
Avg. Daily Raise

$25

# of Investors

29

Momentum
Funded
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Location

Oakland, California

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

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

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 07/30/2020
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AP Racing on Wefunder
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Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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