Civilized Cycles

Civilized Cycles

Early Stage

E-bikes for people who drive

E-bikes for people who drive

Overview

Raised this Round: Raised: $122,995

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    Open SEC Filing

Valuation Cap

$12,500,000

Discount

0%

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

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
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Civilized Cycles on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $12,500,000

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