FattE- Bikes

FattE- Bikes

Closed: Sep. 2022

About this raise

FattE- Bikes, with a valuation of $10.3 million, is raising funds on StartEngine. The company is combining art with transportation with its customizable electric bikes. The bikes are made in the USA, are eye-catching, and are the future of micro-mobility. The offerings of FattE- Bikes include Major T, Penalosa, Sgt. Mingo, and Londonderry and can be customized for looks, comfort, materials, finishes, and other riding preferences. Victoria Brunner founded FattE- Bikes in June 2017. The current crowdfunding campaign has a minimum target of $9,999.75 and a maximum target of $1,069,999.38. The campaign proceeds will be used for product development, increasing operations and employee capacity, and research and development.

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Investment Overview

Invested this round: $259,443

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
06/15/2022
Close Date
09/14/2022
Min. Goal
$10,000
Max Goal
$1,069,999
Min. Investment

$350

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.01

Pre-Money Valuation

$10,317,207

Company & Team

Company

Year Founded
2017
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Denver, Colorado
Business Type
Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Victoria Brunner
Title
CEO
Founder Name
Kenneth Fischer
Title
COO/CVO

Financials

 Revenue +25% YoY
$975,003
 Monthly Burn
$43,741
 Runway
0 months
Gross Margin
7%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$975,003

$782,389

COGS

$902,915

$416,829

Tax

$0

$0

 

 

Net Income

$-524,894

$2,509

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,659

$80,695

Accounts Receivable

$11,672

$0

Total Assets

$298,431

$208,863

Short-Term Debt

$666,442

$42,513

Long-Term Debt

$211,058

$220,524

Total Liabilities

$877,500

$263,037

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$190,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/14/2022 StartEngine $10,317,207 $259,443 Equity - Common Funded RegCF
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Add to portfolio
FattE- Bikes on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,317,207
Price per Share: $2.01

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