Shockwave Motors

Shockwave Motors

Early Stage

Daily commuter electric vehicles

Daily commuter electric vehicles

Overview

Funding data not publicly available
Platform

Title3Funds

Start Date

09/25/2023

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    Open SEC Filing

Price Per Share

$53.50

Pre-Money Valuation

$5,350,000

Year Founded

2014

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Russellville, Tennessee

Business Type

Growth

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: 09/25/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Shockwave Motors 08/24/2024 Title3Funds $5,350,000 - Equity - Common Active RegCF
Shockwave Motors 11/19/2020 Netcapital $3,745,000 $35,096 Equity - Common Funded RegCF
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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

Funding data not publicly available

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Shockwave Motors on Title3Funds 2023
Platform: Title3Funds
Security Type: Equity - Common
Valuation: $5,350,000
Price per Share: $53.50

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