Swiftmile
About this raise
Swiftmile, with a valuation of $4 million, is raising funds on SeedInvest. The company manufactures Personal Electronic Transporter (PET) sharing systems for first and last-mile commuters. Swiftmile’s eBikes are locked into their solar-powered charging systems and can be opened and used through the company’s app. The business is helping cities and universities reduce smog, ease congestion, and provide a clean and green alternative to autos. Colin Roche founded Swiftmile in January 2015. The current crowdfunding campaign has a minimum RegCF target of $100,000, a minimum target for the combined offerings of $200,000, and a maximum target of $250,000. The campaign proceeds will be used for hardware and software development, pilot inventory of Swiftstations and Swiftbikes, and salaries.
Investment Overview
Deal Terms
- Platform
- SeedInvest
- Start Date
- 04/03/2017
- Close Date
- 07/19/2017
$100,000
$250,000
$500
Convertible Note
RegCF
/ RegD 506(c)
$4,000,000
25%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Location
- San Mateo, California
- Company Website
-
Visit Website
Team
Financials
-
Revenue
- $0
- Monthly Burn
- $23,689
-
Runway
- 3.7 months
- Gross Margin
- 39%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 07/19/2017 | SeedInvest | $4,000,000 | $307,000 | Convertible Note | Funded | RegCF / RegD 506(c) |