BOXX

BOXX

Early Stage

BOXX is a next generation electric scooter today.

BOXX is a next generation electric scooter today.

Overview

Raised this Round: Raised: $150

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/21/2017

Close Date

02/19/2018

Min. Goal
$10,000
Max. Goal
$96,000
Min. Investment

$147

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.94

Pre-Money Valuation

$20,002,993

Year Founded

2015

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Location

Portland, Oregon

Bikes and scooters are great in so many ways….except when it comes to shopping (where do you put the bags?), or riding to work (who likes showing up sweaty and disheveled?). Where’s the environmentally friendly and easy to park vehicle that can do it all?

It’s here - it’s BOXX’s e-scooter! This award-winning product looks like a suitcase on wheels (hence the BOXXy name), and it’s the first all-wheel drive scooter in the world. It has two motors embedded in each wheel, can go up to 40 miles per hour, and offers more speed and range per kW than any other scooter out there. It’s also the most energy-efficient scooter in its class. It’s strong, lightweight, environmentally friendly, charges in six minutes, has two storage bays….and keeps your work clothes looking spiffy the whole time you’re riding it.

With all those “firsts,” BOXX currently holds 14 patents and is certainly generating a lot of buzz. They’ve been named one of T3 Magazine’s Top 100 Hottest Products, Monocole Magazine’s Top 25 Global Products, and Popular Mechanic’s Top 6 Scooters -- just to list a few. After all, scooters are the largest market sector of motorized transportation in the world, and the scooter market has been growing at a rate of about 20% annually. At that pace, it’s projected there will be a total of 143 million e-scooters on the roads by 2023 -- and BOXX is leading the innovation path.

So far, their pre-production orders have reached over 1,000 units, and the total value of those initial orders is projected to bring in over $5.6 million in revenue. In general, their sales are projected for rapid growth over the first five years of production. They expect to have 245% year-over-year growth for their first three years of operations, with a 137% growth rate in unit sales over the first five years of production.

From shopping storage and easy driving maneuverability (thanks to AWD drive technology and ABS braking), BOXX’s boldly designed e-scooter is truly transportation for the 21st century. Forget scooting around town -- it’s time to try BOXXing instead!

“Who Should Be Interested in This Offer:”
If you’re someone who prefers a scooter, moped, or bike for getting around -- especially if you live in a city where parking is tough to come by -- then BOXX could be the investment you’ve been waiting for. With their e-scooter’s innovative and environmentally friendly design, its storage bays, and its ability to get you where you need to be without ruining your look, BOXX is leading the scooter revolution...one motorized-two-wheel-all-drive-roadworthy vehicle at a time.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
BOXX 09/27/2018 Wefunder $7,500,000 $100 SAFE Not Funded RegCF
BOXX 02/18/2018 StartEngine $20,002,993 $150 Equity - Common Not Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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BOXX on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,002,993
Price per Share: $2.94

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