Boaz Bikes

Boaz Bikes

Early Stage

Electric shared scooter company that is focused on SAFETY!

Electric shared scooter company that is focused on SAFETY!


Raised to Date: Raised: $155,799

Total Commitments ($USD)



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Security Type

Equity - Common



SEC Filing Type

RegCF    Open SEC Filing

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Year Founded



Transportation, Automotive, Aviation, & Aerospace

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Detroit, Michigan

Business Type


Boaz Bikes, with a valuation of $19.5 million, is raising funds on StartEngine. It is an electric scooter-sharing company focused on safety. The scooters have a state-of-the-art design and come with batteries that can be swapped out in less than a minute compared to taking scooters home to charge. Boaz Bikes’ revenues per ride surpassed its competitors’ in 2021, and year-over-year revenues grew 319%. Emil I NNANI and Cory Smith founded Boaz Bike in 2018. The current crowdfunding campaign has a minimum target of $9,998.76 and a maximum target of $3.8 million. The campaign proceeds will be used to expand in more cities and markets and grow the annual revenue.

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Financials as of: 11/01/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Boaz Bikes 04/29/2024 Wefunder $19,500,000 $29,329 Convertible Note Active RegCF
Boaz Bikes 03/01/2023 StartEngine $19,480,046 $155,799 Equity - Common Funded RegCF
Boaz Bikes 07/28/2022 StartEngine $50,000,000 $198,606 Equity - Common Funded RegCF
Boaz Bikes 09/03/2021 Wefunder $40,000,000 $1,233,876 SAFE Funded RegCF
Boaz Bikes 02/28/2021 Wefunder $15,000,000 $930,934 Convertible Note Funded RegCF
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Company Updates

When I first talked with Emil in early 2022, his company already had better metrics than most of its competitors. In 2021, Boaz Bikes was profitable and had no reported accidents over its first 200,000 rides. Back then, it was a small startup with good potential. Now, its growth is what matters.

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Boaz Bikes on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $19,480,046
Price per Share: $1.94

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Follow Boaz Bikes on StartEngine 2022

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