Strom Motors
Early Stage
The intelligent, smart cute little electric car
Overview
Raised: $312,687
Total Commitments ($USD)
Platform
Republic
Start Date
03/14/2021
Close Date
06/30/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/03/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,922
# of Investors
505
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2020
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Strom Motors, with a $10 million valuation cap, is raising crowdfunding on Republic. The company is making compact, lightweight two-seater electric cars with a swappable battery. The EV, Strom-R3, is designed for polluted cities in the developing world. Pratik Gupta and Jean-Luc Abaziou founded Strom Motors in December 2020. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the funds will be used for international market expansion, showcasing vehicles at auto shows across the world, and loaning vehicles to industry experts. Strom Motors has received regulatory approval for India and applicable to the EU, and has already received over $10 million pre-booking requests in the Indian market.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/14/2021
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.