UcarMobile

UcarMobile

Closed: May. 2023

About this raise

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.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
Silicon Prairie Online
Start Date
08/15/2022
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%

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Tony Belgameh
Title
COO
Founder Name
Albert Vigil
Title
CEO

Funding data not publicly available

Financials

 Revenue
$78,582
 Monthly Burn
$11,679
 Runway
0.7 months
Gross Margin
14%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/13/2023 Silicon Prairie Online $6,500,000 $0 SAFE Not Funded RegCF
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Add to portfolio
UcarMobile on Silicon Prairie Online 2022
Platform: Silicon Prairie Online
Security Type: SAFE
Valuation: $6,500,000

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Follow UcarMobile on Silicon Prairie Online 2022

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Warning: according to the close date for this deal, UcarMobile may no longer be accepting investments.

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