Power Trucks USA
About this raise
Power Trucks USA, with a valuation of $5 million, is raising funds on Republic. The business sells and installs aftermarket truck accessories, including tires, wheels, lighting, stereos, bed liners, and other truck and light vehicle accessories. The company is also planning to create a unique franchised brand that will serve truck and jeep owners and dealers across the US. Power Trucks USA generated a revenue of $2.1 million in 2020 with strong gross margins of over 41%. Jeffrey Shiring founded Power Trucks USA in April 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for the franchising process, infrastructure support, and marketing.
Investment Overview
Invested : $83,158
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 09/16/2021
- Close Date
- 01/31/2022
$25,000
$1,070,000
$100
SAFE
Growth Stage
RegCF
$5,000,000
0%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -20% YoY
- $2,062,482
- Monthly Burn
- $24,262
-
Runway
- 6.4 months
- Gross Margin
- 40%
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Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 01/31/2022 | Republic | $5,000,000 | $83,158 | SAFE | Funded | RegCF |