Lonerider Spirits

Lonerider Spirits

Open  for investment

About this raise

Lonerider Spirits, with a valuation of $15.97 million, is raising funds on StartEngine. The company makes adventurous spirits for outlaws and distributes them through pre-existing distributor relationships. The Lonerider Spirits brand is iconic and helps the business establish distillery locations due to its name recognition. The brewstillery has over 600 points of distribution in North Carolina and has five Hideouts. Sumit Vohra and Mihir Patel founded Lonerider Spirits in May 2018. The current crowdfunding campaign has a minimum and maximum target of $123,999.12. The campaign proceeds will be used for inventory, sales personnel, marketing, future inventory, and cash reserves.

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Investment Overview

Committed this round: $27,720

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
01/14/2025
Close Date
04/14/2025
Min. Goal
$123,999
Max Goal
$123,999
Min. Investment

$249

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.52

Pre-Money Valuation

$15,971,201

Company & Team

Company

Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
High
Capital Intensity
High
Location
Holly Springs, North Carolina
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Sumit Vohra
Title
CEO

Financials

as of November 1, 2024
 Revenue +100% YoY
$487,826
 Monthly Burn
$13,838
 Runway
0.7 months
Gross Margin
65%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$487,826

$243,499

COGS

$172,424

$145,777

Tax

$0

$1,155

 

 

Net Income

$-240,657

$-308,996

Summary Balance Sheet

FY 2023 FY 2022

Cash

$-39,213

$10,703

Accounts Receivable

$-45,378

$11,976

Total Assets

$330,646

$304,452

Short-Term Debt

$34,744

$53,902

Long-Term Debt

$708,785

$389,896

Total Liabilities

$743,529

$443,798

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,000,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/14/2025 StartEngine $15,971,201 $27,720 Equity - Common Active RegCF
03/28/2022 Wefunder $25,934,716 $129,239 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Lonerider Spirits on StartEngine 2025
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,971,201
Price per Share: $2.52

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