Saleen (2023)
About this raise
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.
Investment Overview
Invested : $1,122,983
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 07/11/2023
- Close Date
- 10/05/2023
$15,000
$1,235,000
$499
Equity - Common
Growth Stage
RegCF
$1.25
$34,477,244
Company & Team
Company
- Year Founded
- 2021
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +34% YoY
-
$3,329,975
as of FY2022
- Monthly Burn
-
Profitable
as of FY2022
-
Cash on Hand
-
$2,958
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $255,950
- VC Backed?
- No
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Saleen (previously Saleen Automotive) | 07/29/2024 | Issuance Express | $34,477,244 | $423,393 | Equity - Common | Funded | RegCF |
| Saleen | 10/05/2023 | StartEngine | $34,477,244 | $1,122,983 | Equity - Common | Funded | RegCF |
| Saleen Automotive | 03/10/2023 | Dalmore Group | $24,515,691 | $173,019 | Equity - Common | Funded | RegA+ |
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.