Rumble Motors

Rumble Motors

Early Stage

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Overview

Raised this Round: Raised: $22,981

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/05/2023

Close Date

07/06/2023

Min. Goal
$9,996
Max. Goal
$4,194,134
Min. Investment

$112

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$14.00

Pre-Money Valuation

$17,966,144

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

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.

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

Financials as of: 03/05/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Rumble Motors 07/05/2023 StartEngine $17,966,144 $22,981 Equity - Common Funded RegCF
Rumble Motors 01/17/2022 StartEngine $12,000,000 $812,840 Equity - Common Funded RegCF
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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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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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