Overview

Raised to Date: Raised: $13,823

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/14/2023

Close Date

09/13/2023

Min. Goal

$15,000

Max. Goal

$1,234,998

Min. Investment

$498

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    

Price Per Share

$3.00

Pre-Money Valuation

$6,500,541

Rolling Commitments ($USD)

Status

Not Funded

Reporting Date

09/13/2023

Days Remaining

Not Funded

% of Min. Goal

Not Funded

% of Max. Goal

Not Funded

Likelihood of Max

Not Funded

Avg. Daily Raise

$154

# of Investors

7

Momentum

Not Funded

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Sunryde

Year Founded

2018

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

LOS ANGELES, California

Business Type

Growth

Company Website

Sunryde, with a valuation of $6.5 million, is raising funds on StartEngine. It is an electric mobility company that rents and sells electric bikes and scooters. The target customers of Sunryde are the last-mile delivery drivers and people using EVs for personal recreation. Sunryde has an existing fleet of 100 units and has signed LOIs to lease up to 400 additional units to Duffl and DroppingBuy. Arkadiy Okhman founded Sunryde in June 2018. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for inventory, marketing, company employment, operations, and working capital.

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$157,362	$30,433
COGS	$47,458	$53,674
Tax	$0	$0
Net Income	$-54,756	$-146,237

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$5,594	$11,788
Accounts Receivable	$0	$0
Total Assets	$5,599	$62,602
Short-Term Debt	$232,886	$230,086
Long-Term Debt	$65,178	$0
Total Liabilities	$298,064	$230,086

Financials as of: 06/14/2023

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Arkadiy Okhman: Steering Delivery Drivers to a Sustainable Future with Sunryde

Clicking on a button and getting anything delivered at home in a few minutes, hours, or days changed the way consumers shop and the face of retail. But behind this convenience, delivery workers – especially those from the gig economy – are spending a much too significant share of their revenues on gas. The last-mile delivery services are costly, polluting, and put workers in tight financial situations.

Sunryde is trying to ease the burden on independent delivery drivers by renting them a solid, functional, clean electric bike. We reached out to Arkadiy Okhman, founder and CEO of Sunryde, to learn more about his strategy to take cars – and costs – out of the streets.

Read Founder Interview