Lattis
About this raise
Lattis, with a valuation of $25 million, is raising funds on StartEngine. The company has developed its white-label software platform as the infrastructure for micro-mobility. The platform allows micro-mobility operators to launch, track, manage, and monetize their services. Lattis enables operators to manage their light electric vehicles, including bikes, e-bikes, e-scooters, e-mopeds, delivery robots, and Teslas, across sharing, subscription, and delivery companies. More than 76,000 trips have already been taken on the Lattis platform, and the company reported a 79% month-over-month revenue growth in 2021. Jack Al-Kahwati founded Lattis in January 2013. The current crowdfunding campaign has a minimum target of $9,993.25 and a maximum target of $1,069,991.30. The campaign proceeds will be used to expand the team, invest in the product, and strengthen the sales operations further.
Investment Overview
Not Funded: $1,286
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 08/30/2022
- Close Date
- 11/27/2022
$9,993
$1,069,991
$497
Equity - Common
Seed
RegCF
$3.55
$25,048,654
Company & Team
Company
- Year Founded
- 2013
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -85% YoY
- $382,008
- Monthly Burn
- $58,513
-
Runway
- 0.9 months
- Gross Margin
- 96%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $369,062
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/27/2022 | StartEngine | $25,048,654 | $1,286 | Equity - Common | Not Funded | RegCF |