Overview
Raised: $11,114
Rolling Commitments ($USD)
Status
Active
Reporting Date
11/30/2023
Days Remaining
50
% of Min. Goal
111%
% of Max. Goal
2%
Likelihood of Max
Avg. Daily Raise
$1,111
Momentum
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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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