Saleen

Saleen

Growth Stage

Power In The Hands Of A Few

Power In The Hands Of A Few

Overview

Raised to Date: Raised: $727,439

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/11/2023

Close Date

10/09/2023

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$499

Security Type

Equity - Common

Series

Series A

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

09/28/2023

Days Remaining

11

% of Min. Goal

4,850%

% of Max. Goal

59%

Likelihood of Max
unlikely
Avg. Daily Raise

$9,208

# of Investors

569

Momentum
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Year Founded

2021

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Corona, California

Business Type

Growth

Company Website

Saleen, with a valuation of $34.48 million, is raising funds on StartEngine. The company manufactures and sells cars, including Saleen 1, Saleen 302, Saleen Tesla, Saleen Bronco, and Sportruck. The supercars of Saleen Automotive 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 $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, marketing, working capital, and company employment.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$3,329,975

$2,480,603

COGS

$3,657,529

$2,708,024

Tax

$0

$0

 

 

Net Income

$4,748,693

$-3,332,907

Summary Balance Sheet

FY 2022 FY 2021

Cash

$2,958

$403,804

Accounts Receivable

$48,148

$192,966

Total Assets

$16,231,810

$6,963,217

Short-Term Debt

$10,138,168

$6,531,394

Long-Term Debt

$4,359,796

$4,307,381

Total Liabilities

$14,497,964

$10,838,775
Financials as of: 07/11/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Saleen 10/09/2023 StartEngine $34,477,244 $727,439 Equity - Common Active RegCF
Saleen Automotive 03/10/2023 Dalmore Group $24,515,691 $173,019 Equity - Common Funded RegA+
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Saleen on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $34,477,244
Price per Share: $1.25

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