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.

Analytics

Raised to Date: Raised: $110,889

Aggregate Commitments $

Platform

Netcapital

Start Date

05/24/2021

Close Date

09/17/2021

Min. Goal

$10,000

Max. Goal

$1,064,960

Min. Investment

$102

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$86,963,200

Rolling Commitments $

Status
Funded
Reporting Date

09/19/2021

Days Remaining
Funded
% of Min. Goal

1,109%

% of Max. Goal

10%

Likelihood of Max
Funded
Avg. Daily Raise

$956

Momentum
Funded
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Location

Detroit, Michigan

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

AutomationTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

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: 05/24/2021
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