Overview
Raised: $126,440
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/03/2020
Close Date
04/30/2021
Min. Goal
$9,998
Max. Goal
$1,069,999
Min. Investment
$115
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.30
Pre-Money Valuation
$4,980,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/02/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$468
# of Investors
333
Momentum
Funded
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Year Founded
2020
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
CommerceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Ryca Motors, with a pre-money valuation of $4.98 million, is raising funds on StartEngine. The company uses augmented reality to customize motorcycles. The customers can try the parts and accessories on their bikes, ATVs, or watercraft before buying them. Casey Stevenson and Ryan Rajewski founded Ryca Motors in 2010. The current crowdfunding campaign has a minimum goal of $9,998.10 and a maximum goal of $106,996, and the proceeds will be used to create a design tool, create a database of models, and build a recommendation engine to find compatible parts. Ryca Motors is revolutionizing the customization market and reducing the return-rate for retailers due to better fitment.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$162,337 |
$362,050 |
|
COGS |
$66,851 |
$177,378 |
|
Tax |
$209 |
$1,077 |
| ||
| ||
|
Net Income |
$23,500 |
$97,515 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$10,000 |
$10,000 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$72,930 |
$181,928 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/03/2020
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