Lattis

Lattis

Early Stage

Next-Gen Software Platform for Micromobility

Next-Gen Software Platform for Micromobility

Overview

Raised to Date: Raised: $1,286

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/29/2022

Close Date

11/26/2022

Min. Goal
$9,993
Max. Goal
$1,069,991
Min. Investment

$497

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.55

Pre-Money Valuation

$25,048,654

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

11/26/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$14

# of Investors

2

Momentum
Not Funded
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Year Founded

2013

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

San Francisco, California

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$382,008

$205,770

COGS

$15,383

$22,520

Tax

$2,805

$2,527

 

 

Net Income

$-702,157

$-199,594

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$54,975

$64,194

Accounts Receivable

$427,343

$505,810

Total Assets

$586,536

$1,090,277

Short-Term Debt

$816,245

$716,323

Long-Term Debt

$156,668

$212,122

Total Liabilities

$972,913

$928,445

Financials as of: 08/29/2022
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Lattis on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,048,654
Price per Share: $3.55

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