Bolt Mobility Corporation

Bolt Mobility Corporation

Closed: Feb. 2021

About this raise

Bolt Mobility, with a pre-money valuation of $51.4 million, is raising funds on StartEngine. The company provides sustainable transportation solutions to people and organizations across the world. The product suite of the micro mobility company includes electric scooters and bikes that are made by world-famous designers to maximize their efficiency. Usain Bolt and Kamyar Kaviani founded Bolt Mobility in 2018. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the funds will be used to expand and grow, widen the global network, and improve the lives of millions. Bolt Mobility has already raised over $30 million since its inception and plans to offer a full suite of tools for micro mobility.

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Investment Overview

Invested this round: $131,940

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
11/06/2020
Close Date
02/23/2021
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$300

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$51,400,000

Company & Team

Company

Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Miami, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
15
Founder Name
Usain Bolt
Title
Co-Founder
Founder Name
Kamyar Kaviani
Title
COO

Financials

 Revenue +2,854% YoY
$2,637,423
 Monthly Burn
$1,572,383
 Runway
0.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,637,423

$89,290

COGS

$7,829,223

$120,269

Tax

$0

$0

 

 

Net Income

$-18,868,601

$-1,761,396

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$207,818

$769,736

Accounts Receivable

$47,629

$346,110

Total Assets

$4,947,873

$3,803,371

Short-Term Debt

$3,191,438

$460,414

Long-Term Debt

$11,635,204

$0

Total Liabilities

$14,826,642

$460,414

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/23/2021 StartEngine $51,400,000 $131,940 Equity - Common Funded RegCF
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Bolt Mobility Corporation on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $51,400,000
Price per Share: $2.50

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