Hackrod

Hackrod

Closed: Mar. 2018

About this raise

Who Should Be Interested:
Have you always wanted to create your own car? Do you wish you could use VR (virtual reality) to design your own vehicle? Well, now you can -- with Hackrod. Their technology allows the consumer to be a co-creator space, and they could be the investment you’ve been waiting for.

The Company:
Hackrod plans to be the automobile manufacturer of the future. Their methodology combines generative design, VR, 3D printing, and a cloud-based supply chain that allows consumers to be co-creators of their dream vehicles. Hackrod is starting with the action car film “Autonomo,” where they will showcase 50 of their vehicles and offer the designs as templates to customers. They currently have a partnership with AutoDesk to create virtual car prototypes as well, and they want to create a world where you can design the car of your dreams as easily as playing a video game.

The Bottom Line:
Current automobile manufacturing has not caught up with today’s technology. Hackrod helps it get there, and with their methodology, you can create, design, and have the car you’ve always wanted. They’re hacking up the traditional world of vehicle manufacturing...one dream car (and action film) at a time.

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Investment Overview

Invested this round: $179,509

Deal Terms

Total Commitments

Platform
Microventures
Start Date
01/19/2018
Close Date
03/14/2018
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$7,000,000

Discount

0%

Company & Team

Company

Year Founded
2017
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Distribution Model
B2C
Margin
Capital Intensity
Location
Woodland Hills, California
Company Website
Visit Website

Team

Employees
1

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/14/2018 Microventures $7,000,000 $179,509 Convertible Note Funded RegCF / RegD 506(c)
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Hackrod on MicroVentures
Platform: Microventures
Security Type: Convertible Note
Valuation: $7,000,000

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Warning: according to the close date for this deal, Hackrod may no longer be accepting investments.

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