Lightning Motorcycle
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.
Investment Overview
Invested $146,752 :
Deal Terms
Company & Team
Company
- Year Founded
- 2007
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +87% YoY
- $418,405
- Monthly Burn
- $72,110
-
Runway
- 3.1 months
- Gross Margin
- 15%
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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 |