Boaz Bikes

Electric shared scooter company that is focused on SAFETY!
Overview
Raised: $155,799
Rolling Commitments ($USD)
03/31/2023
$1,298
273
2018
Transportation, Automotive, Aviation, & Aerospace
Hardwaretech
B2C
High
High
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$576,970 |
$130,979 |
COGS |
$223,799 |
$30,672 |
Tax |
$761 |
$0 |
| ||
| ||
Net Income |
$97,031 |
$-32,245 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$106,767 |
$24,899 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$798,455 |
$309,911 |
Short-Term Debt |
$0 |
$0 |
Long-Term Debt |
$673,367 |
$424,229 |
Total Liabilities |
$673,367 |
$424,229 |
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.