BlackHeart Bike Company

Early Stage

Versatile Bicycle Manufacturer

Analytics

Raised to Date: 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
unlikely
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

Business Type

Growth

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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BlackHeart Bike Company on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $8,000,000

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