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
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
Logos provided by Clearbit
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

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
Create a free account today to gain access to KingsCrowd analytics.

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
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Are you the founder of Rumble Motors? Create your account today to claim this raise page.

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

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

Follow company

Follow Rumble Motors on StartEngine 2023
View on StartEngine
Deal Analytics
Company Ratings