Area 13 EBikes
Growth Stage
Electric Bikes That Are Out Of This World
Overview
Raised: $226,909
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/07/2022
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
Price Per Share
$5.00
Pre-Money Valuation
$25,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,202
# of Investors
217
Momentum
Funded
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Year Founded
2011
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
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: 03/07/2022
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