Boaz Bikes

Electric shared scooter company that is focused on SAFETY!
Overview
Raised: $198,606
Rolling Commitments ($USD)
07/31/2022
$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 | 04/29/2024 | Wefunder | $19,500,000 | $28,503 | 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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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.