Boaz Bikes
Electric shared scooter company that is focused on SAFETY!
Overview
Raised: $198,606
Total Commitments ($USD)
StartEngine
02/22/2022
07/28/2022
$250
Equity - Common
Seed
RegCF
$5.00
$50,000,000
Rolling Commitments ($USD)
07/30/2022
$1,281
293
2018
Transportation, Automotive, Aviation, & Aerospace
Hardwaretech
B2C
Medium
High
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$130,979 |
$113,661 |
|
COGS |
$30,672 |
$19,175 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-32,245 |
$11,650 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$24,899 |
$16,257 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$529,007 |
$302,064 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$549,602 |
$290,414 |
|
Total Liabilities |
$549,602 |
$290,414 |
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Boaz Bikes | 04/28/2024 | Wefunder | $19,500,000 | $66,364 | Convertible Note | Active | RegCF |
| Boaz Bikes | 02/28/2023 | StartEngine | $19,480,046 | $155,799 | Equity - Common | Funded | RegCF |
| Boaz Bikes | 07/27/2022 | StartEngine | $50,000,000 | $198,606 | Equity - Common | Funded | RegCF |
| Boaz Bikes | 09/02/2021 | Wefunder | $40,000,000 | $1,233,876 | SAFE | Funded | RegCF |
| Boaz Bikes | 02/27/2021 | Wefunder | $15,000,000 | $930,934 | Convertible Note | Funded | RegCF |
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Valuation History
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.
Employee History
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Founder Profile
Founder Profile: Emil Nnani of Boaz Bikes
Electric scooters have been surging in popularity. With their ability to pass by congested city traffic, affordability, and eco-friendliness, there’s a lot to like. However, injuries from electric scooter accidents have also drastically increased in recent years, growing by 222% between 2014 and 2018.
Boaz Bikes is offering rental electric scooters that are specially designed to help riders stay safe while enjoying all the advantages of micro mobility. With a strong emphasis on community, the company also offers its services in underserved areas within cities. We reached out to co-founder and CEO Emil Nnani to learn more about his advice to fellow founders and the team’s determination to reach success.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.