Tau Lotus
Early Stage
Electric Motorcycles for a More Human Future
Overview
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
Price Per Share
$4.50
Pre-Money Valuation
$38,441,250
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$333
# of Investors
28
Momentum
Funded
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Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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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