Ryca Motors

Ryca Motors

Early Stage

Customize Motorcycles with AR

Customize Motorcycles with AR

Overview

Raised to Date: Raised: $126,440

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/02/2020

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    Open SEC Filing

Price Per Share

$2.30

Pre-Money Valuation

$4,980,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2021

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

Location

Santa Fe Springs, California

Business Type

Growth

Company Website

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: 08/02/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Ryca Motors 02/19/2024 Netcapital $6,017,850 $12,816 Equity - Common Funded RegCF
Ryca Motors 04/29/2021 StartEngine $4,980,000 $126,440 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

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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