FattE- Bikes
Early Stage
Combining Art with Transportation
Overview
Raised: $259,443
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/14/2022
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
Price Per Share
$2.01
Pre-Money Valuation
$10,317,207
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,851
# of Investors
134
Momentum
Funded
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Year Founded
2017
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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: 06/14/2022
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