Rumble Motors

Early Stage

Zero Emission Electric Bikes—Who Said "Fun to Ride" Can't Be Eco-Friendly...

Overview

Raised to Date: Raised: $13,635

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/06/2023

Close Date

04/30/2023

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

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/27/2023

Days Remaining

34

% of Min. Goal

136%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$649

# of Investors

32

Momentum
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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

Most Recent Year Prior Year

Revenue

$550,542

$260,839

COGS

$323,641

$161,146

Tax

$0

$0

 

 

Net Income

$8,452

$-436,911

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$41,380

$60,988

Accounts Receivable

$65

$1,915

Total Assets

$290,588

$291,089

Short-Term Debt

$0

$0

Long-Term Debt

$11,894

$10,381

Total Liabilities

$11,894

$10,381

Financials as of: 03/06/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Rumble Motors 04/30/2023 StartEngine $17,966,144 $13,635 Equity - Common Active RegCF
Rumble Motors 01/18/2022 StartEngine $12,000,000 $812,840 Equity - Common Funded RegCF
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Rumble Motors on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,966,144

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