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.
Investment Overview
Invested : $22,981
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 03/06/2023
- Close Date
- 07/06/2023
$9,996
$4,194,134
$112
Equity - Common
Early Stage
RegCF
$14.00
$17,966,144
Company & Team
Company
- Year Founded
- 2019
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
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
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $804,654
- VC Backed?
- No
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.