Saleen (previously Saleen Automotive)

Saleen (previously Saleen Automotive)

Early Stage

Power In The Hands Of A Few

Power In The Hands Of A Few

Overview

Raised to Date: Raised: $12,375

Total Commitments ($USD)

Platform

Issuance Express

Start Date

05/08/2024

Close Date

07/29/2024

Min. Goal
$10,000
Max. Goal
$3,945,313
Min. Investment

$500

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.25

Pre-Money Valuation

$34,477,244

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/18/2024

Days Remaining

71

% of Min. Goal

124%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,238

# of Investors

9

Momentum
cool.svg
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2021

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Location

Corona, California

Saleen, with a valuation of $34.5 million, is raising funds on Issuance Express. The company manufactures and sells cars, including Saleen 1, Saleen 302, Saleen Tesla, Saleen Bronco, and Sportruck. Saleen’s supercars are made using high-performance car design and vehicle engineering. The company also offers in-house expertise in chassis, body and power train, NVH engineering, electrical systems, and thermal systems. Steve Saleen founded Saleen in August 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3.9 million. The campaign proceeds will be used for research and development, marketing, future wages, working capital, and accounts payable.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$4,382,758

$3,329,975

COGS

$4,696,357

$3,657,529

Tax

$27,653

$192,917

 

 

Net Income

$-1,441,198

$4,748,693

Summary Balance Sheet

FY 2023 FY 2022

Cash

$37,173

$2,958

Accounts Receivable

$216,064

$48,148

Total Assets

$15,585,939

$16,231,810

Short-Term Debt

$10,544,093

$10,138,168

Long-Term Debt

$2,145,001

$1,394,111

Total Liabilities

$12,689,094

$11,532,279

Financials as of: 05/08/2024
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Saleen (previously Saleen Automotive) 07/28/2024 Issuance Express $34,477,244 $12,375 Equity - Common Active RegCF
Saleen 10/04/2023 StartEngine $34,477,244 $1,122,983 Equity - Common Funded RegCF
Saleen Automotive 03/09/2023 Dalmore Group $24,515,691 $173,019 Equity - Common Funded RegA+
Create a free account today to gain access to KingsCrowd analytics.

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

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Saleen on Issuance Express 2024
Platform: Issuance Express
Security Type: Equity - Common
Valuation: $34,477,244
Price per Share: $1.25

Follow company

Follow Saleen on Issuance Express 2024

Buy Saleen (previously Saleen Automotive)'s Deal Report

Saleen (previously Saleen Automotive) Deal Report

Get KingsCrowd’s comprehensive report on Saleen (previously Saleen Automotive) including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Saleen (previously Saleen Automotive) is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Saleen (previously Saleen Automotive) deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge