CityFreighter
Early Stage
Electric Trucks for the Last Mile
Overview
Raised: $105,100
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/08/2018
Close Date
04/08/2019
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$10.00
Pre-Money Valuation
$5,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2019
Days Remaining
Funded
% of Min. Goal
1,051%
% of Max. Goal
10%
Likelihood of Max
Funded
Avg. Daily Raise
$496
# of Investors
164
Momentum
Funded
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Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
CommerceTech
Location
Santa Barbara, California
Cityfreigher is developing smart, light-duty (Class 1-3) commercial electric vehicles. Different from large OEMs and other competitors, Cityfreighter leverages a modular approach, which enables customization of key infrastructure components. Their goal is to develop fully customized trucks for large fleet operators, where they will use AI and blockchain to offer fleet operators competitive “total cost of ownership” packages. This clean-tech startup has team members in the US, Europe, and Asia, and with this campaign, they are looking finish development of their full-scale functional CF1 prototype.
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