Curtiss Motorcycle
CURTISS IS RE-BORN TO LEAD THE FUTURE OF LUXURY ELECTRIC MOTORING ON TWO WHEELS
Overview
Raised: $54,725
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/10/2023
Days Remaining
49
% of Min. Goal
109%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$2,189
# of Investors
34
Momentum
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Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Curtis Motorcycle Co., with a pre-money valuation of $7.3 million, is raising funds on Wefunder. The company claims to be the first, and only, luxury brand in the space. Their patent-protected Axis Centered Design is the key to their motorcycles, which they state is modular, radically scalable and will be used on every future Curtiss motorcycle. Their first year of production is already sold out at margins that generate sustainable growing net cash flow. H Matthew Chambers and Jordan Cornille founded Curtis Motorcycles in 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4.47 million. The campaign proceeds will mostly be used to complete testing, tuning, validation, and certification of The 1 in preparation for customer deliveries.
Summary Profit and Loss Statement
FY 2022 | FY 2021 | |
---|---|---|
Revenue |
$0 |
$158,883 |
COGS |
$0 |
$135,383 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-693,355 |
$-826,544 |
Summary Balance Sheet
FY 2022 | FY 2021 | |
---|---|---|
Cash |
$531,123 |
$18,127 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$3,731,003 |
$834,984 |
Short-Term Debt |
$3,523,770 |
$1,202,033 |
Long-Term Debt |
$1,202,033 |
$1,018,593 |
Total Liabilities |
$4,725,803 |
$2,220,626 |
Financials as of: 05/16/2023
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Raise History
Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|---|
Curtiss Motorcycle | 07/29/2023 | Wefunder | $7,300,000 | $54,725 | Equity - Common | Active | RegCF |
Curtiss Motorcycle | 05/15/2023 | Dealmaker Securities | $10,393,204 | $531,137 | Equity - Common | Funded | RegCF |
Curtiss Motorcycle | 07/30/2021 | Wefunder | $13,900,000 | $1,017,471 | Equity - Common | Funded | RegCF |
Curtiss Motorcycle | 07/30/2019 | Wefunder | $11,600,000 | $443,086 | Equity - Common | Funded | RegCF |
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