Ryca Motors (2021)

Ryca Motors (2021)

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.

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Investment Overview

Invested this round: $126,440

Deal Terms

Total Commitments

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

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.30

Pre-Money Valuation

$4,980,000

Company & Team

Company

Year Founded
2020
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
CommerceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Santa Fe Springs, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Casey Stevenson
Title
CEO
Founder Name
Ryan Rajewski
Title
COO

Financials

 Revenue -55.2% YoY
$162,337
 Monthly Burn
Profitable
 Cash on Hand
$10,000
 Gross Margin
59%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/20/2024 Netcapital $6,017,850 $12,816 Equity - Common Funded RegCF
04/30/2021 StartEngine $4,980,000 $126,440 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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Ryca Motors on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $4,980,000
Price per Share: $2.30

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Follow Ryca Motors on StartEngine

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