Revolution Brands
Growth Stage
Vertically Integrating Sustainable Personal Mobility
Overview
Raised: $13,316
Total Commitments ($USD)
Platform
StartEngine
Start Date
02/07/2023
Close Date
04/11/2023
Min. Goal
$10,000
Max. Goal
$1,234,996
Min. Investment
$249
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.89
Pre-Money Valuation
$54,900,227
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$215
# of Investors
8
Momentum
Funded
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Year Founded
2021
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Revolution Brands, with a valuation of $54.9 million, is raising funds on StartEngine. The company aims to build sustainable and electric-powered personal transportation and lifestyle products. The products of Revolution Brands include electric scooters, electric bicycles, electric motorcycles, electric watercraft, sustainable lifestyle products, and more that are sold through B2B and B2C platforms. Revolution Brands is already gaining traction and has generated $6 million in revenue in its first year of operations. Fernando Alonso, Mauricio Diaz, Alberto Fernandez, Federico Urdaneta, John Klinger, and Isaac Morales founded Revolution Brands in May 2021. The current crowdfunding campaign has a minimum target of $9,999.99 and a maximum target of $1.23 million. The campaign proceeds will be used for working capital and inventory.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$6,051,031 |
$0 |
|
COGS |
$4,472,997 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-995,279 |
$0 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$878,155 |
$0 |
|
Accounts Receivable |
$1,907,793 |
$0 |
|
Total Assets |
$8,977,129 |
$0 |
|
Short-Term Debt |
$1,739,397 |
$0 |
|
Long-Term Debt |
$33,250 |
$0 |
|
Total Liabilities |
$1,772,647 |
$0 |
Financials as of: 02/07/2023
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