Oonee

Oonee

Early Stage

Bike infrastructure designed to scale in cities

Bike infrastructure designed to scale in cities

Overview

Raised this Round: Raised: $146,519

Total Commitments ($USD)

Platform

Republic

Start Date

01/08/2024

Close Date

04/26/2024

Min. Goal
$50,000
Max. Goal
$618,000
Min. Investment

$150

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$26,000,000

Discount

11%

Year Founded

2017

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

BROOKLYN, New York

Business Type

Growth

Oonee, with a valuation of $26 million, is raising funds on Republic. The company is bringing smart and secure micro-mobility infrastructure to cities with its modular bike parking. Oonee builds both the infrastructure and digital marketplace for the parking, charging, and servicing of bicycles and scooters. The system works well for cities, riders, and communities. The business reported a five times contracted revenue growth and 7.5 times usage growth in 2023 and has contracts with the Port Authority of New York and New Jersey. Shabazz Stuart and J. Manuel Mansylla founded Oonee in June 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $618,000. The campaign proceeds will be used for product development, growth and expansion, and general working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$186,850

$218,500

COGS

$122,438

$131,805

Tax

$0

$0

 

 

Net Income

$-830,688

$-197,042

Summary Balance Sheet

FY 2022 FY 2021

Cash

$403,147

$87,341

Accounts Receivable

$8,280

$58,029

Total Assets

$1,396,951

$477,782

Short-Term Debt

$259,462

$42,770

Long-Term Debt

$1,416,849

$370,303

Total Liabilities

$1,676,311

$413,073

Financials as of: 01/08/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Oonee 04/25/2024 Republic $26,000,000 $146,519 SAFE Funded RegCF
Oonee 03/11/2022 Republic $11,000,000 $1,070,000 SAFE Funded RegCF
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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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Oonee on Republic 2024
Platform: Republic
Security Type: SAFE
Valuation: $26,000,000

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