Curtiss Motorcycle
Early Stage
CURTISS IS RE-BORN TO LEAD THE FUTURE OF LUXURY ELECTRIC MOTORING ON TWO WHEELS
Overview
Raised: $692,421
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/16/2023
Close Date
08/29/2023
Min. Goal
$50,000
Max. Goal
$4,468,863
Min. Investment
$500
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.09
Pre-Money Valuation
$7,300,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/03/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$6,594
# of Investors
114
Momentum
Funded
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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 | 08/29/2023 | Wefunder | $7,300,000 | $692,421 | Equity - Common | Funded | 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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