About this raise
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.
Investment Overview
Invested : $126,440
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 08/03/2020
- Close Date
- 04/30/2021
$9,998
$1,069,999
$115
Equity - Common
Early Stage
RegCF
$2.30
$4,980,000
Company & Team
Company
- Year Founded
- 2020
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -55.2% YoY
- $162,337
- Monthly Burn
- Profitable
-
Cash on Hand
- $10,000
- Gross Margin
- 59%
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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.