Area 13 EBikes

Area 13 EBikes

Growth Stage

Electric Bikes That Are Out Of This World

Electric Bikes That Are Out Of This World

Overview

Raised this Round: Raised: $226,909

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/06/2022

Close Date

04/30/2022

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$25,000,000

Year Founded

2011

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Grass Valley, California

Business Type

Growth

Area 13 EBikes, with a valuation of $25 million, is raising funds on StartEngine. The company makes and sells electric bicycles that are a balance of quality, performance, and price. The business started off by selling parts that make all electric bike brands better and has now moved to make its own e-bikes. The latest model of e-bikes of Area 13 EBikes is called the Falcon and is a full-suspension, carbon fiber EMTB. Kyle Chittock founded Area 13 EBikes in 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$4,207,185

$1,177,757

COGS

$3,118,495

$850,131

Tax

$35,125

$0

 

 

Net Income

$347,290

$-50,765

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$131,128

$48,906

Accounts Receivable

$8,636

$60,237

Total Assets

$632,352

$377,348

Short-Term Debt

$0

$69,616

Long-Term Debt

$203,475

$113,795

Total Liabilities

$203,475

$183,411

Financials as of: 03/06/2022
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Area 13 EBikes on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,000,000
Price per Share: $5.00

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