Tau Lotus

Tau Lotus

Early Stage

Electric Motorcycles for a More Human Future

Electric Motorcycles for a More Human Future

Overview

Raised this Round: Raised: $29,929

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/04/2023

Close Date

08/03/2023

Min. Goal
$14,999
Max. Goal
$1,234,998
Min. Investment

$347

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.50

Pre-Money Valuation

$38,441,250

Year Founded

2018

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

LONG BEACH, California

Business Type

Growth

Tau Lotus, with a valuation of $38.44 million, is raising funds on StartEngine. The company is developing electric-powered motorcycles with features that fit into the modern urban lifestyle. The sustainable mobility solutions of Tau Lotus aim to support government initiatives for clean air and carbon emission reductions. The urban mobility brand of Tau Lotus is called Wolfhound Motors which is planning to bring E18 R, a powerful electric bike, to the market. Vasu Ram Ayithi founded Tau Lotus 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 research and development, inventory, company employment, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-24,334

$-39,878

Summary Balance Sheet

FY 2022 FY 2021

Cash

$24,160

$3,185

Accounts Receivable

$0

$0

Total Assets

$81,346

$3,185

Short-Term Debt

$62,755

$60,260

Long-Term Debt

$0

$0

Total Liabilities

$62,755

$60,260

Financials as of: 05/04/2023
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Tau Lotus on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $38,441,250
Price per Share: $4.50

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Follow Tau Lotus on StartEngine 2023

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