Boaz Bikes

Boaz Bikes

Growth Stage

Electric shared scooter company that is focused on SAFETY!

Electric shared scooter company that is focused on SAFETY!


Raised to Date: Raised: $198,606

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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 $50 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 $10,000 and a maximum target of $3,783,715. The campaign proceeds will be used to expand in more markets and become operable in over 20 cities with permits issued in more than 30 markets.

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Financials as of: 02/22/2022
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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 $64,614 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
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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.

Read Founder Interview

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Boaz Bikes on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $50,000,000
Price per Share: $5.00

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Follow Boaz Bikes on StartEngine 2022

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