Vene Rides
Early Stage
The Micro-EV marketplace: sales & service of light electric vehicles
Overview
Raised: $51,509
Total Commitments ($USD)
Platform
Republic
Start Date
10/19/2021
Close Date
02/11/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/27/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$452
# of Investors
169
Momentum
Not Funded
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Year Founded
2019
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Vene Rides, with a valuation of $10 million, is raising funds on Republic. It is a micro-EV marketplace that offers sales and service of light electric vehicles. It is a new kind of bike shop where consumers can test ride, buy, rent, and service micro-EVs, including e-bikes, e-scooters, and e-mopeds. Vene Rides generated $50,000 per month revenue from its first store in Miami Beach as of February 2021. Josh Squire and Ruben Figueredo founded Vene Rides in October 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used to launch new stores, invest in the marketing team, and invest in the product team.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$135,959 |
$0 |
|
COGS |
$70,320 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-116,798 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$139,983 |
$0 |
|
Short-Term Debt |
$12,963 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$12,963 |
$0 |
Financials as of: 10/19/2021
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