Quad Marine

Quad Marine

Early Stage

Electric-powered watercraft

Electric-powered watercraft

Overview

Raised to Date: Raised: $28,870

Platform

StartEngine

Start Date

08/29/2017

Close Date

12/28/2017

Min. Goal
$10,000
Max. Goal
$1,000,000
Min. Investment

$250

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$4,000,000

Year Founded

2017

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Location

El Segundo, California

Quad Marine, with a valuation of $4 million, is raising funds on StartEngine. The company aims to manufacture a line of electric-powered watercraft deriving technologies from the electric vehicles industry. Quad Marine products will offer the benefits of clean and quiet propulsion combined with high levels of safety, performance, and accommodation space. The company currently has a CAD model of flagship watercraft and aims to bring it to the market soon. Steve Salani founded Quad Marine in April 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1 million. The campaign proceeds will be used for advertising and marketing, salaries, general supplies, capital equipment, travel expenses, and production materials.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,271

$0

Summary Balance Sheet

FY 2016 FY 2015

Cash

$259

$0

Accounts Receivable

$0

$0

Total Assets

$259

$0

Short-Term Debt

$1,351

$0

Long-Term Debt

$0

$0

Total Liabilities

$1,351

$0

Financials as of: 08/29/2017
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Quad Marine on StartEngine 2017
Platform: StartEngine
Security Type: Equity - Common
Valuation: $4,000,000
Price per Share: $10.00

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