Early Stage

Creating America’s First Electric Battery Swap Network

Creating America’s First Electric Battery Swap Network


Funding data not publicly available

Rialto Markets

Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Equity - Preferred



SEC Filing Type

RegCF    Open SEC Filing

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Year Founded



Energy, Power, & Natural Resources

Tech Sector


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Capital Intensity



Brooklyn, New York

Business Type


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.

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Financials as of: 10/06/2022
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Popwheels on Rialto Markets 2022
Platform: Rialto Markets
Security Type: Equity - Preferred
Valuation: $17,100,000
Price per Share: $1.90

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