Popwheels

Early Stage

Creating America’s First Electric Battery Swap Network

Analytics

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

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$1.90

Pre-Money Valuation

$17,100,000

Location

Brooklyn, New York

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

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
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Popwheels on Rialto Markets 2022
$
Platform: Rialto Markets
Security Type: Equity - Preferred
Valuation: $17,100,000

Follow company

Follow Popwheels on Rialto Markets 2022
View on Rialto Markets
Bullish / Bearish
You're Bullish on Popwheels on Rialto Markets 2022

Thank you for your vote on Popwheels on Rialto Markets 2022

Bullish / Bearish
You're Bearish on Popwheels on Rialto Markets 2022

Thank you for your vote on Popwheels on Rialto Markets 2022