Overview
Raised: $0
Total Commitments ($USD)
Platform
Title3Funds
Start Date
09/26/2023
Close Date
08/25/2024
Min. Goal
$10,000
Max. Goal
$1,237,000
Min. Investment
$107
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$53.50
Pre-Money Valuation
$5,350,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/08/2023
Days Remaining
261
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Year Founded
2014
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Shockwave Motors, with a valuation of $5.35 million, is raising funds on Title3Funds. The company makes daily commuter electric vehicles that are focused on economy, ecology, and excitement. Shockwave Motors’ motorcycles are three-wheeled, three-passenger, safe, affordable, convenient, pollution-free, and economical. The company has over 250 pre-orders of its current models, the Defiant EV3 Electric Roadster and the Draco Sports Trike, resulting in more than $6 million in pre-sales. John McMillan, Carrie Fair, and Normand Rheault founded Shockwave Motors in February 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, research and development, manufacturing, equipment purchases, future wages, and general working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$31 |
| ||
| ||
|
Net Income |
$-6,551 |
$-16,461 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,560 |
$8,111 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,560 |
$8,111 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/26/2023
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