Lightning Motorcycle

Lightning Motorcycle

Growth Stage

Electric vehicles for the real world

Electric vehicles for the real world

Overview

Raised to Date: Raised: $146,752

Total Commitments ($USD)

Platform

Netcapital

Start Date

03/16/2023

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/21/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$349

Momentum
Funded
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

Location

Hollister, California

Business Type

Growth

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 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

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%)

Edge

$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
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Lightning Motorcycle on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $75,188,879
Price per Share: $10.56

Follow company

Follow Lightning Motorcycle on NetCapital 2023

Buy Lightning Motorcycle's Deal Report

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

Lightning Motorcycle Deal Report

Get KingsCrowd’s comprehensive report on Lightning Motorcycle including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Lightning Motorcycle is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Lightning Motorcycle deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge