Scooterson

Early Stage

Intelligent scooters from the future

Analytics

Raised to Date: Raised: $15,794

Aggregate Commitments $

Platform

StartEngine

Start Date

07/26/2021

Close Date

01/19/2022

Min. Goal

$10,000

Max. Goal

$145,000

Min. Investment

$250

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$19,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

09/18/2021

Days Remaining

123

% of Min. Goal

158%

% of Max. Goal

11%

Likelihood of Max
unlikely
Avg. Daily Raise

$292

Momentum
cool
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Location

San Francisco, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Scooterson, with a $19 million valuation cap, is raising funds on StartEngine. The company has created a line of energy-efficient, intelligent, and easy scooters that can be controlled entirely from smartphones. The scooters are manufactured using the highest quality materials, components, and standards. Mihnea de Vries and Deepansh Jain founded Scooterson in 2016 and have raised over $3.2 million in previous rounds of financing. The current crowdfunding round has a minimum raise of $10,000 and a maximum raise of $145,000, and the proceeds will be used towards production costs, product launch campaigns, and marketing expenses. Scooterson has five patents granted and three patents pending. It has reported B2C and B2B pre-sales worth more than $1 million.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$4,900

$0

COGS

$4,900

$0

Tax

$0

$0

 

 

Net Income

$-478,131

$-954,050

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$78,850

$60,089

Accounts Receivable

$0

$0

Total Assets

$741,593

$78,850

Short-Term Debt

$325,471

$50,363

Long-Term Debt

$0

$0

Total Liabilities

$325,471

$50,363

Financials as of: 07/26/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Scooterson 01/19/2022 StartEngine $19,000,000 $15,794 Convertible Note Active RegCF
Scooterson 03/21/2021 Republic $19,000,000 $402,400 SAFE Funded RegCF
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