Overview

Raised to Date: Raised: $123,795

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/20/2022

Close Date

11/30/2022

Min. Goal

$50,000

Max. Goal

$4,387,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Early Bird Val. Cap

$10,500,000

Valuation Cap

$21,000,000

Discount

50%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

11/29/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$764

# of Investors

75

Momentum

Funded

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Joulez

Year Founded

2021

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

EnterpriseTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Bronx, New York

Business Type

Growth

Company Website

Joulez, with a valuation of $21 million, is raising funds on Wefunder. It is an electric vehicle rental company that is building an ecosystem around supporting EVs. The company is currently developing its software and will soon acquire its fleet of electric vehicles for its platform. Joulez will provide EVs for rental, including the toll pass, access to charging stations, and delivery and pickup of vehicles. Micah Bergdale founded Joulez in May 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4,387,000. The campaign proceeds will be used for software development, down payment of additional fleet vehicles, and expansion of garages.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$8,382	$0
COGS	$1,163	$0
Tax	$0	$0
Net Income	$-43,106	$0

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$35,792	$0
Accounts Receivable	$9,424	$0
Total Assets	$200,896	$0
Short-Term Debt	$15,805	$0
Long-Term Debt	$105,666	$0
Total Liabilities	$121,471	$0

Financials as of: 06/20/2022

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Joulez	11/29/2022	Wefunder	$21,000,000	$123,795	SAFE	Funded	RegCF
Joulez	03/28/2022	StartEngine	$40,000,000	$612,063	Equity - Common	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Founder Micah Bergdale on How Joulez is Bringing Vehicle Rentals into the Future

Electric vehicles (EVs) are becoming more common and affordable. But to those who need a rental car, they can be hard to find. A quick search in my area revealed that there was only one electric vehicle available, and it’s not available for more than two weeks. 

The founder of Joulez, Micah Bergdale, saw this shortage as an opportunity to start a company that focused solely on providing rental EVs. We spoke with him about his vision, team, and future goals for Joulez. 

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview