Lightning Motorcycle

Lightning Motorcycle

Closed: May. 2024

About this raise

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.

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Investment Overview

Invested this round: $146,752

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
03/17/2023
Close Date
05/10/2024
Min. Goal
$10,000
Max Goal
$4,999,991
Min. Investment

$306

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.56

Pre-Money Valuation

$75,188,879

Company & Team

Company

Year Founded
2007
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Hollister, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
15
Prior Founder Exits?
No
Founder Name
Richard Hatfield
Title
CEO
Founder Name
Wan Chang
Title
COO

Financials

as of Fiscal Year 2022
 Revenue +87% YoY
$418,405
 Monthly Burn
$72,110
 Runway
3.1 months
Gross Margin
15%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$471,977

$418,405

COGS

$402,247

$494,132

Tax

$0

$0

 

 

Net Income

$-865,319

$-354,021

Summary Balance Sheet

FY 2022 FY 2021

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/10/2024 Netcapital $75,188,879 $146,752 Equity - Common Funded RegCF
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Add to portfolio
Lightning Motorcycle on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $75,188,879
Price per Share: $10.56

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Follow Lightning Motorcycle on NetCapital 2023

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Warning: according to the close date for this deal, Lightning Motorcycle may no longer be accepting investments.

Lightning Motorcycle Deal Report

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