CycleBoard

Growth Stage

The personal electric vehicle, reimagined

Analytics

Raised to Date: Raised: $399,802

Aggregate Commitments $

Platform

StartEngine

Start Date

02/26/2021

Close Date

11/22/2021

Min. Goal

$9,996

Max. Goal

$1,069,991

Min. Investment

$291

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Price Per Share

$7.27

Pre-Money Valuation

$12,000,000

Rolling Commitments $

Status
Funded
Reporting Date

11/30/2021

Days Remaining
Funded
% of Min. Goal

4,000%

% of Max. Goal

37%

Likelihood of Max
Funded
Avg. Daily Raise

$1,486

Momentum
Funded
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Location

Costa Mesa, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

CycleBoard, with a pre-money valuation of $12 million, is raising crowdfunding on StartEngine.The company designs and manufactures personal electric vehicles using its patented steering technology and three-wheel platform. The electric vehicles of CycleBoard are easy to ride, functional, and fun. Phillip LaBonty founded CycleBoard in 2015. The proceeds of the current crowdfunding campaign, with a minimum raise of $9,996.25 and a maximum raise of $1,069,991.33, will be used for growth and expansion. CycleBoard reported a 110% growth in sales from 2019 to 2020 and has generated $4.9 million in total sales. The patented lean-to-steer technology of CycleBoard comes with dual front wheels, a single rear wheel, and a stability bar.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,537,130

$1,159,642

COGS

$1,982,850

$812,887

Tax

$0

$0

 

 

Net Income

$-83,980

$-356,831

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$245,879

$15,020

Accounts Receivable

$4,387

$19,029

Total Assets

$1,203,483

$1,158,579

Short-Term Debt

$232,212

$100,423

Long-Term Debt

$1,260,000

$770,000

Total Liabilities

$1,492,212

$870,423

Financials as of: 02/26/2021
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CycleBoard on StartEngine
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,000,000

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