FattE- Bikes

Early Stage

Combining Art with Transportation

Analytics

Raised to Date: Raised: $173,339

Aggregate Commitments $

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

Funding Type

RegCF

Series

Seed

Price Per Share

$2.01

Pre-Money Valuation

$10,317,207

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

81

% of Min. Goal

1,733%

% of Max. Goal

16%

Likelihood of Max
likely
Avg. Daily Raise

$17,334

Momentum
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Location

Denver, Colorado

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

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.

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

Financials as of: 06/15/2022
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FattE- Bikes on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,317,207

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