Lightning Motorcycle

Growth Stage

Electric vehicles for the real world

Overview

Raised to Date: Raised: $19,663

Total Commitments ($USD)

Platform

Netcapital

Start Date

03/17/2023

Close Date

04/28/2023

Min. Goal

$10,000

Max. Goal

$4,999,991

Min. Investment

$106

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

Active

Reporting Date

03/27/2023

Days Remaining

32

% of Min. Goal

197%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,966

Momentum
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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

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

Most Recent Year Prior Year

Revenue

$418,405

$223,878

COGS

$494,132

$462,306

Tax

$0

$0

 

 

Net Income

$-354,021

$-1,189,191

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$40,075

$0

Accounts Receivable

$0

$0

Total Assets

$3,302,295

$3,539,143

Short-Term Debt

$1,148,323

$1,091,500

Long-Term Debt

$1,464,062

$1,425,700

Total Liabilities

$2,612,385

$2,517,200
Financials as of: 03/17/2023
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Lightning Motorcycle on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $75,188,879

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