Rumble Motors (2023)

Rumble Motors (2023)

About this raise

Rumble Motors, with a valuation of $17.97 million, is raising funds on StartEngine. The company makes electric bikes in Stockholm and California and sells them worldwide. The business now aims to use its innovative BLIXT batteries in new product lines and expand to new territories. The BLIXT batteries are made of graphene and offer unparalleled performance with the ability to go up to 1,000 miles on a single charge. Reza Khademi Jr. and John Khademi founded Rumble Motors in February 2019. The current crowdfunding campaign has a minimum target of $9,996 and a maximum target of $4.2 million. The campaign proceeds will be used for marketing, inventory, operations, research and development, and working capital.

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Investment Overview

Invested this round: $22,981

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
03/06/2023
Close Date
07/06/2023
Min. Goal
$9,996
Max Goal
$4,194,134
Min. Investment

$112

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$14.00

Pre-Money Valuation

$17,966,144

Company & Team

Company

Year Founded
2019
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Sacramento, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
13
Prior Founder Exits?
No
Founder Name
Reza Khademi
Title
CEO
Founder Name
John Khademi
Title
Managing Partner

Financials

 Revenue +111% YoY
$550,542
as of FY2022
 Monthly Burn
$2,280
as of FY2022
 Cash on Hand
$275,463
as of FY2022
 Gross Margin
19%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$212,347

$550,542

COGS

$171,560

$323,641

Tax

$0

$0

 

 

Net Income

$-27,365

$8,452

Summary Balance Sheet

FY 2022 FY 2021

Cash

$275,463

$41,380

Accounts Receivable

$65

$65

Total Assets

$545,428

$290,588

Short-Term Debt

$-5,284

$11,894

Long-Term Debt

$0

$0

Total Liabilities

$-5,284

$11,894

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$804,654
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/06/2023 StartEngine $17,966,144 $22,981 Equity - Common Funded RegCF
01/18/2022 StartEngine $12,000,000 $812,840 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Rumble Motors on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,966,144
Price per Share: $14.00

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Follow Rumble Motors on StartEngine 2023

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Warning: according to the close date for this deal, Rumble Motors may no longer be accepting investments.

Rumble Motors Deal Report

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