Hercules Electric Vehicles
Growth Stage
Hercules Electric Mobility is creating customized, high-performance electric mobility solutions with integrated solar charging, for the sport-truck, SUV, and recreational mobility markets.
Overview
Raised: $116,920
Total Commitments ($USD)
Platform
Netcapital
Start Date
05/23/2021
Close Date
10/18/2021
Min. Goal
$10,000
Max. Goal
$1,064,960
Min. Investment
$102
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$10.24
Pre-Money Valuation
$86,963,200
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$795
Momentum
Funded
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Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
AutomationTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Hercules Electric Vehicles, with a pre-money valuation of $86.9 million, is raising funds on NetCapital. The company makes customized electric mobility vehicles with solar charging. The mobility solutions are offered in the form of SUVs, sports trucks, and recreational vehicles. James Breyer, Julie Tolley, and Greg Weber founded Hercules Electric Vehicles in 2018. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,064,960, and the funds will be used for marketing, R&D, and compensation. Hercules Electric Vehicles is working on a scalable propulsion technology that can be scaled across EV pickups and marine mobility segments. The company has entered into a strategic partnership with a large international automotive OEM for co-manufacturing the vehicles.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-111,252 |
$-48,743 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$350,608 |
$81,442 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$352,069 |
$83,321 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/23/2021
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