Lightning Motorcycle
Growth Stage
Electric vehicles for the real world
Overview
Raised: $146,752
Total Commitments ($USD)
Platform
Netcapital
Start Date
03/16/2023
Close Date
04/26/2024
Min. Goal
$10,000
Max. Goal
$4,999,991
Min. Investment
$306
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$10.56
Pre-Money Valuation
$75,188,879
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/18/2024
Days Remaining
8
% of Min. Goal
1,467%
% of Max. Goal
3%
Likelihood of Max
Avg. Daily Raise
$368
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2007
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Lightning Motorcycle, with a valuation of $75.2 million, is raising funds on NetCapital. The company makes audacious electric vehicles with superior efficiency, performance, and affordability. The business has developed proprietary technologies to build electric bikes with manufacturing techniques and agile design. Lightning Motorcycle bikes come with fast charging, enhanced range, and best-in-class power. Richard Hatfield and Jojo Hatfield founded Lightning Motorcycle in September 2007. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5 million. The campaign proceeds will be used for upscaling production and inventory, compensation, tooling, sales and marketing, and professional services.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$471,977 |
$418,405 |
|
COGS |
$402,247 |
$494,132 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-865,319 |
$-354,021 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$222,165 |
$40,075 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,403,369 |
$2,650,241 |
|
Short-Term Debt |
$2,224,632 |
$1,148,323 |
|
Long-Term Debt |
$1,263,676 |
$1,464,062 |
|
Total Liabilities |
$3,488,308 |
$2,612,385 |
Financials as of: 03/16/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.