Popwheels

Early Stage

Creating America’s First Electric Battery Swap Network

Overview

Platform

Rialto Markets

Start Date

10/07/2022

Close Date

09/22/2023

Min. Goal

$9,500

Max. Goal

$4,999,998

Min. Investment

$101

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.90

Pre-Money Valuation

$17,100,000

Year Founded

2021

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Brooklyn, New York

Business Type

Growth

Popwheels is raising funds on Rialto Markets. The company aims to build and maintain the first network of LEV battery swap stations in New York City. The subscribers of Popwheels will have access to thousands of swap lockers across the city where they can exchange their depleted batteries for fully-charged ones. The battery packs of Popwheels will use LiFePO4 cells instead of fire-prone NMCs and will be safe to charge indoors. Baruch Herzfeld founded Popwheels in July 2021. The current crowdfunding campaign has a minimum target of $9,500 and a maximum target of $4.9 million. The campaign proceeds will be used for batteries, cabinets, location monitoring and customer service, insurance, sales and marketing, logistics, R&D, accounting, office and storage, and miscellaneous expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-120,882

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$73,070

$0

Accounts Receivable

$0

$0

Total Assets

$160,417

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 10/07/2022
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Popwheels on Rialto Markets 2022
Platform: Rialto Markets
Security Type: Equity - Preferred
Valuation: $17,100,000

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