RimTech by Project Overlord

RimTech by Project Overlord

Early Stage

Advanced Wheel Theft Protection and Recovery

Advanced Wheel Theft Protection and Recovery

Overview

Raised to Date: Raised: $33,046

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/30/2022

Close Date

09/28/2022

Min. Goal
$9,999
Max. Goal
$1,069,999
Min. Investment

$249

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.86

Pre-Money Valuation

$37,291,590

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/01/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$275

# of Investors

30

Momentum
Funded
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Year Founded

2015

Industry

Security, Cybersecurity, & Defense

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Baltimore, Maryland

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: 05/30/2022
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RimTech by Project Overlord on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $37,291,590
Price per Share: $0.86

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