Movatic

Movatic

Early Stage

Movatic enables manufacturers to join the shared mobility economy.

Movatic enables manufacturers to join the shared mobility economy.

Overview

Raised to Date: Raised: $15,356

Total Commitments ($USD)

Platform

Netcapital

Start Date

01/23/2018

Close Date

05/07/2018

Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$2,122,356

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2018

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

$148

Momentum
Funded
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Year Founded

2016

Industry

Business Services, Software, & Applications

Tech Sector

Location

Ann Arbor, Michigan

Who Should Be Interested:
Are you a company that makes mobility products? Or are you looking to join the shared mobility economy? Well then, investing in Movatic might be the move for you. Their app is able to work with any mobility product and allows operators to manage all of their systems and networks through its admin suite.

The Company:
Movatic is an app-based solution that helps manufacturers join the shared mobility economy. App-based shared mobility is a $458 billion annual market in the US alone, and it’s continuing to grow. This trend is leading to any company that makes mobility products, like bikes, cars, or scooters, trying to become a sharing company. Movatic is here to help make that happen. Movatic can work with any company to make their product sharable. Company operators can manage their systems through Movatic’s admin suite, and Movatic brings together a variety of companies through its app. Therefore, as Movatic states, “...every company that joins Movatic’s prosperous ecosystem is part of a global network that gets stronger and more compelling with each addition.” So far, Movatic is working with ten companies, has a strong sales pipeline with their revenue doubling every 6 months (without investment)...and they’ve already broken even.

The Bottom Line:
Movatic is the app that makes things move and keeps your shared mobility options open and ticking. With them, you can turn your mobility company into a shared mobility company...and become part of that billion dollar (and growing!) market.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Movatic 03/11/2019 Netcapital $2,610,195 $953 Equity - Common Not Funded RegCF
Movatic 05/07/2018 Netcapital $2,122,356 $15,356 Equity - Common Funded RegCF
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Movatic on Netcapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $2,122,356
Price per Share: $2.00

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

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