Rumble Motors
Zero Emission Electric Bikes—Who Said "Fun to Ride" Can't Be Eco-Friendly...
Overview
Raised: $13,635
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
34
% of Min. Goal
136%
% of Max. Goal
0%
Likelihood of Max
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
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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