Revolution Race Cars
About this raise
Revolution Race Cars, with a valuation of $17.95 million, is raising funds on Republic. The company is building a race car that is bringing leading tech and safety standards to the broader motorsport community. Revolution Race Cars aims to make high-end racing accessible to more than just the rich with its carbon-fiber chassis that reduces the cost by 50% with the same high performance. The company has sold 55 cars worldwide and generated more than $14 million in revenue since its inception. Phil Abbott and James Abbott founded Revolution Race Cars in August 2024. The current crowdfunding campaign has a minimum target of $74,997.48 and a maximum target of $1.23 million. The campaign proceeds will be used for design and tooling, testing and development, launch and marketing, and working capital.
Investment Overview
Committed : $193,824
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 04/29/2025
- Close Date
- 05/19/2025
$74,997
$1,235,000
$250
Equity - Common
Growth Stage
RegCF
$3.48
$17,950,000
Company & Team
Company
- Year Founded
- 2024
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
Financials
-
Revenue
-
$2,529,765
as of FY2024
- Monthly Burn
-
$98,844
as of Mar '25
-
Cash on Hand
-
$49,422
as of Mar '25
- Gross Margin
-
11%
as of FY2024
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/19/2025 | Republic | $17,950,000 | $193,824 | Equity - Common | Active | RegCF |