Curtiss Motorcycle

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $156,334

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
05/16/2023
Close Date
07/29/2023
Min. Goal
$50,000
Max. Goal
$4,468,863
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.09

Pre-Money Valuation

$7,300,000

Company & Team

Company

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

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Matthew Chambers
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$57,780
 Runway
9.2 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
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 Motorcycles on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Common
Valuation: $7,300,000
Price per Share: $0.09

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Warning: according to the close date for this deal, Curtiss Motorcycle may no longer be accepting investments.

Curtiss Motorcycle Deal Report

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