Rumble Motors

Early Stage

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

Analytics

Raised to Date: Raised: $781,080

Aggregate Commitments $

Platform

StartEngine

Start Date

12/23/2019

Close Date

01/18/2022

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$12,000,000

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

44

% of Min. Goal

7,811%

% of Max. Goal

73%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,095

Momentum
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Location

Sacramento, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Rumble Motors is raising funds on StartEngine via Equity with a $12 million valuation cap. The team at Rumble Motors is creating eco-friendly electric bicycles. The Swedish/American team differentiates its products with a quick 3-5. hour charging time and 80 mile range. Founder and CEO Reza Khademi began his career building racer motorcycles back in 1977. He has substantial experience in industrial engineering. The minimum investment amount for Rumble Motors is $100 and the minimum target for the round is $10000.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$353,000

$0

COGS

$171,375

$0

Tax

$0

$0

 

 

Net Income

$180,425

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,041

$0

Accounts Receivable

$0

$0

Total Assets

$156,425

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 12/23/2019
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Rumble Motors on StartEngine
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,000,000

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