Overview

Raised to Date: Raised: $122,995

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/09/2023

Close Date

06/30/2023

Min. Goal

$50,000

Max. Goal

$350,000

Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    

Valuation Cap

$12,500,000

Discount

0%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

07/01/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$2,412

# of Investors

98

Momentum

Funded

Create a free account today to gain access to KingsCrowd analytics.

Logos provided by Clearbit

Civilized Cycles

Year Founded

2013

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

PORTLAND, Oregon

Business Type

Growth

Company Website

Civilized Cycles, with a valuation of $12.5 million, is raising funds on Wefunder. The company makes e-bikes for people who drive. The e-bikes of Civilized Cycles are suitable for two people and come with full suspension safety, comfort, and cargo space and aim to serve as sustainable alternatives to cars. Civilized Cycles has patented its key technologies and generated $150,000 in revenue. Zachary Schieffelin and Marc Liu founded Civilized Cycles in January 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $350,000. The campaign proceeds will be used for sales and marketing, product development, and building the after-sales capability.

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$74,335	$33,044
COGS	$27,835	$12,374
Tax	$0	$0
Net Income	$-252,721	$-226,670

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$339,544	$43,199
Accounts Receivable	$17,246	$60,631
Total Assets	$531,268	$129,417
Short-Term Debt	$135,799	$66,250
Long-Term Debt	$2,130,000	$1,800,000
Total Liabilities	$2,265,799	$1,866,250

Financials as of: 05/09/2023

Create a free account today to gain access to KingsCrowd analytics.

Civilized Cycles Founder Marc Liu on Making E-Bikes for Car People

E-bikes are an increasingly popular form of transport — especially among people who live in urban areas. And they can be a great choice for more eco-conscious travelers. But they’re not the best option for people who prefer the comfort and passenger/cargo capacity of a car.

Civilized Cycles aims to change that with its unique e-bike. The company’s e-bike comes with expandable cargo panniers and automated suspension for a smooth ride. We sat down with Civilized Cycles founder Marc Liu to learn more about how the company is bringing e-bikes to a new level.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview