Ryca Motors

Ryca Motors

Early Stage

Cars, Motorcycles, and Technology

Cars, Motorcycles, and Technology

Overview

Raised to Date: Raised: $11,114

Total Commitments ($USD)

Platform

Netcapital

Start Date

11/20/2023

Close Date

01/19/2024

Min. Goal
$10,003
Max. Goal
$617,999
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.71

Pre-Money Valuation

$6,017,850

Rolling Commitments ($USD)

Status

Active

Reporting Date

11/30/2023

Days Remaining

50

% of Min. Goal

111%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,111

Momentum
cold.svg
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Year Founded

2020

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

CommerceTech

Location

Santa Fe Springs, California

Ryca Motors, with a valuation of $6.01 million, is raising funds on NetCapital. The company is developing a platform for integrating augmented reality into the automotive and power sports industries. Ryca Motors has developed the FantomView prototype and created the world’s first custom bike using AR and aims to develop it into a fully-featured platform. The implementation of Ryca Motors’ technology will help vehicle owners have the try-before-you-buy tool, manufacturers to design and market the products more efficiently, and retailers to reduce returns and provide next-level tech support. Ryan Rajeski and Casey Stevenson founded Ryca Motors in July 2020. The current crowdfunding campaign has a minimum target of $10,002.61 and a maximum target of $617,999.24. The campaign proceeds will be used for research and development, intellectual property, licensing activities, marketing, professional services, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$21,911

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$10,000

$10,000

Accounts Receivable

$0

$0

Total Assets

$10,000

$10,000

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 11/20/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Ryca Motors 01/19/2024 Netcapital $6,017,850 $11,114 Equity - Common Active RegCF
Ryca Motors 04/30/2021 StartEngine $4,980,000 $126,440 Equity - Common Funded RegCF
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Ryca Motors on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,017,850
Price per Share: $2.71

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Follow Ryca Motors on NetCapital 2023

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