Mount

Early Stage

Electric scooters launched at Airbnb properties

Analytics

Raised to Date: Raised: $133,560

Aggregate Commitments $

Platform

Wefunder

Start Date

05/25/2021

Close Date

09/01/2021

Min. Goal

$75,000

Max. Goal

$200,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$6,000,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

09/30/2021

Days Remaining
Funded
% of Min. Goal

178%

% of Max. Goal

67%

Likelihood of Max
Funded
Avg. Daily Raise

$1,349

# of Investors

84

Momentum
Funded
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Location

Greenwood Village, Colorado

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Mount, with a $6 million valuation cap, is raising crowdfunding on Wefunder. The company has launched electric scooters on Airbnb properties and combined the micro-mobility industry with the short-term rental industry. The business brings scooters to Airbnbs in a package of scooters, helmets, locks, insurance, and an app to control system. Madi Rifkin, Matt Langham, and Rishab Nayak founded Mount in August 2020. The proceeds of the current crowdfunding round, with a minimum raise of $75,000 and a maximum raise of $200,000, will be used for marketing, hiring, and scooter purchases and growth. Mount has over $1.5 million in potential revenue from pre-orders and purchase requests. The business is already live in Phoenix, Miami, Denver, and Scottsdale and has a waitlist of 120 properties and 500 scooters.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$32,650

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-28,484

$-31,616

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,418

$1,034

Accounts Receivable

$0

$0

Total Assets

$27,935

$1,034

Short-Term Debt

$0

$0

Long-Term Debt

$87,900

$32,650

Total Liabilities

$87,900

$32,650

Financials as of: 05/25/2021
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Mount on Wefunder
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Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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