BlackHeart Bike Company
Early Stage
Versatile Bicycle Manufacturer
Analytics
Raised: $131,489
Aggregate Commitments $
Platform
StartEngine
Start Date
10/22/2021
Close Date
06/19/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$248
Security Type
Equity - Common
Funding Type
RegCF
Series
Pre-Seed
Price Per Share
$8.00
Pre-Money Valuation
$8,000,000
Rolling Commitments $
Status
Active
Reporting Date
05/27/2022
Days Remaining
23
% of Min. Goal
1,315%
% of Max. Goal
12%
Likelihood of Max
Avg. Daily Raise
$606
Momentum
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Location
Santa Monica, California
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
BlackHeart Bike Company, with a valuation of $8 million, is raising funds on StartEngine. The company designs and manufactures versatile bikes that can ride both on and off-road. The riders can switch between the two wheelsets of BlackHeart bikes and ride them on the road and on gravel off the road. One of the wheelsets is an aerodynamic set with thin tires, while the other is a durable set with large volume dirt tires. BlackHeart Bike Company has a strong sales history with year-to-date sales of $180,000 as of August 31, 2021. Zachary Lambert founded BlackHeart Bike Company in March 2018. 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 the launch of new product lines, including version 3 of the titanium frameset, aluminum version 1, electric version, and carbon fiber version 1.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$45,928 |
$9,110 |
|
COGS |
$62,169 |
$8,252 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-135,610 |
$-59,737 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$12,984 |
$11,597 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$94,981 |
$107,223 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$100,000 |
$0 |
|
Total Liabilities |
$100,000 |
$0 |
Financials as of: 10/22/2021
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