RimTech by Project Overlord

Early Stage

Advanced Wheel Theft Protection and Recovery

Analytics

Raised to Date: Raised: $30,640

Aggregate Commitments $

Platform

StartEngine

Start Date

05/31/2022

Close Date

08/29/2022

Min. Goal

$9,999

Max. Goal

$1,069,999

Min. Investment

$249

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$0.86

Pre-Money Valuation

$37,291,590

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

65

% of Min. Goal

306%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,226

Momentum
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Location

Baltimore, Maryland

Industry

Security, Cybersecurity, & Defense

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

RimTech by Project Overlord, with a valuation of $37.3 million, is raising funds on StartEngine. It is an app-enabled wheel anti-theft and recovery system that addresses the global menace of wheel theft. The patented technology of RimTech uses hardware, cellular and GPS tracking, and shielded RF and Bluetooth connectivity to stop wheel theft and track them after they are stolen. Michael Fischer founded RimTech by Project Overlord in March 2015. The current crowdfunding campaign has a minimum target of $9,999.22 and a maximum target of $1,069,998.93. The campaign proceeds will be used to expand market share, launch new category lines and products, grow the distribution network, and continue research and development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-61,254

$-61,032

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$48

$0

Accounts Receivable

$0

$0

Total Assets

$159,407

$130,240

Short-Term Debt

$8,784

$0

Long-Term Debt

$31,149

$0

Total Liabilities

$39,933

$0

Financials as of: 05/31/2022
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RimTech by Project Overlord on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $37,291,590

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