[Closed for Investment] Driven, with a valuation of $15 million, is raising funds on Wefunder. The company has developed its patented e-bike drive system that is more efficient and environment-friendly than traditional systems. Driven’s bolt-on driving system is an all-in-one package with pedal power, all gearing, and electric assist and requires low maintenance. The system also has a 10-19% extended battery range and regenerative braking. Brian Baker founded Driven in November 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $618,000. The campaign proceeds will be used for operational headcount, sales and marketing, R&D, and cost of goods sold.
Investment Overview
Raised: $145,300
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 08/09/2023
- Close Date
- 01/10/2024
$50,000
$618,000
$100
Convertible Note
Series A
RegCF
$12,000,000
$15,000,000
25%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,882,207
- VC Backed?
- No
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.