Rumble Motors

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $812,840

Deal Terms

Total Commitments ($USD)

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

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$12,000,000

Company & Team

Company

Year Founded
2019
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Sacramento, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
13
Prior Founder Exits?
No
Founder Name
Reza Khademi
Title
CEO
Founder Name
Alex Khodaei
Title
Co-Founder

Financials

 Revenue
$353,000
 Monthly Burn
Profitable
 Cash on Hand
$3,041
Gross Margin
51%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/06/2023 StartEngine $17,966,144 $22,981 Equity - Common Funded RegCF
01/18/2022 StartEngine $12,000,000 $812,840 Equity - Common Funded RegCF
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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.

Employee History

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Add to portfolio
Rumble Motors on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,000,000
Price per Share: $10.00

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Follow Rumble Motors on StartEngine

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