UcarMobile

UcarMobile

Early Stage

Mobile Automotive Industry Customer Service SaaS

Mobile Automotive Industry Customer Service SaaS

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Silicon Prairie Online

Start Date

08/14/2022

Close Date

05/13/2023

Min. Goal
$20,000
Max. Goal
$249,000
Min. Investment

$2,000

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,500,000

Discount

5%

Year Founded

2016

Industry

Consumer Products, Goods & Services

Tech Sector

EnterpriseTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Addison, Texas

Business Type

Growth

UcarMobile, with a valuation of $6.5 million, is raising funds on Silicon Prairie Online. The company has developed a software-as-a-service platform that connects consumers to reliable automotive services technicians. The platform lets the technicians concentrate on fixing cars while the company handles advertising, customer support, parts, and back-office reports. UcarMobile launched its beta version in early 2021 and the full platform in June 2022. It is currently serving 36 cities with five marketplace partners and has generated $80,000 in revenue. Tony Belgameh and Al Vigil founded UcarMobile in October 2016. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $249,000. The campaign proceeds will be used for product, development, customer care, marketing, management expenses, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$78,582

$45,523

COGS

$67,250

$43,802

Tax

$0

$0

 

 

Net Income

$-140,150

$-88,758

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$7,909

$3,759

Accounts Receivable

$0

$0

Total Assets

$18,539

$14,390

Short-Term Debt

$4,416

$7,257

Long-Term Debt

$0

$0

Total Liabilities

$4,416

$7,257

Financials as of: 08/14/2022
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UcarMobile on Silicon Prairie Online 2022
Platform: Silicon Prairie Online
Security Type: SAFE
Valuation: $6,500,000

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