UcarMobile
Early Stage
Mobile Automotive Industry Customer Service SaaS
Overview
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
Valuation Cap
$6,500,000
Discount
5%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/16/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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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