Curtiss Motorcycle

[Closed for Investment] Curtiss Motorcycle Co., with a pre-money valuation of $13.9 million, is raising crowdfunding on Wefunder. The company is set to manufacture luxury motorbikes. It aims to launch its flagship product, Curtiss One, in 2021, followed by Curtiss Two in 2022 and Curtiss Three in 2024. H Matthew Chambers founded Curtiss Motorcycle Co. in 2018. The proceeds of the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $535,000, will be used for complete testing, tuning, and validation of Curtiss One, bringing it to production and beginning the development of Curtiss Two. Curtiss Motorcycle Co. is already pre-sold for its first five months of production, with 20 units at one unit per week.

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Investment Overview

Raised this Round: Raised: $1,017,471

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
03/03/2021
Close Date
07/30/2021
Min. Goal
$50,000
Max. Goal
$535,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.20

Pre-Money Valuation

$13,900,000

Company & Team

Company

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

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Matthew Chambers
Title
CEO

Financials

 Revenue -62% YoY
$602,181
 Monthly Burn
$93,045
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$602,181

$1,573,961

COGS

$662,531

$948,822

Tax

$0

$0

 

 

Net Income

$-1,116,539

$-952,120

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,069

$252,457

Accounts Receivable

$0

$503

Total Assets

$901,416

$1,515,976

Short-Term Debt

$1,035,594

$1,042,919

Long-Term Debt

$392,934

$426,280

Total Liabilities

$1,428,528

$1,469,199

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/29/2024 Wefunder $5,629,368 $181,660 Equity - Common Funded RegCF
07/29/2023 Wefunder $7,300,000 $156,334 Equity - Common Funded RegCF
05/24/2023 DealMaker Securities $10,393,204 $458,452 Equity - Common Funded RegCF
07/30/2021 Wefunder $13,900,000 $1,017,471 Equity - Common Funded RegCF
07/30/2019 Wefunder $11,600,000 $443,086 Equity - Common Funded RegCF
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Growth Charts

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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Curtiss Motorcycle Co. on Wefunder
Platform: Wefunder
Security Type: Equity - Common
Valuation: $13,900,000
Price per Share: $0.20

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Curtiss Motorcycle Deal Report

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