Berylline

[Closed for Investment] Berylline, with a post-money valuation of $8.77 million, is raising funds on NetCapital. It is a manufacturing and technology company that makes electric and small-engine hybrid driving systems for personal transportation. The offerings of Berylline include F2A, a hybrid 3-wheel scooter, Berylline Breeze, a hybrid 3-wheel electric scooter, and a hybrid golf cart. Dennis Dresser founded Berylline in 2011 and raised over $200,000 in the previous round of financing on NetCapital. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $534,998, and the proceeds will be used for new product development, operations, and marketing. Berylline products are targeting the retired people and leisure markets.

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Investment Overview

Raised this Round: Raised: $41,723

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
01/25/2021
Close Date
01/31/2023
Min. Goal
$10,002
Max. Goal
$534,998
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.22

Pre-Money Valuation

$6,293,900

Company & Team

Company

Year Founded
2011
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Rochester, Michigan
Business Type
Life Style
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Xugang Li
Title
Chief Engineer

Financials

 Revenue
$0
 Monthly Burn
$5,427
 Runway
21.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-65,124

$-20,690

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$114,302

$174,098

Accounts Receivable

$0

$0

Total Assets

$116,326

$176,650

Short-Term Debt

$40,000

$40,000

Long-Term Debt

$0

$0

Total Liabilities

$40,000

$40,000

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/31/2023 Netcapital $6,293,900 $41,723 Equity - Common Funded RegCF
10/31/2018 Netcapital $6,295,503 $204,554 Equity - Common Funded RegCF / RegD 506(c)
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Berylline on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,293,900
Price per Share: $5.22

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Follow Berylline on NetCapital

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