Verve

Early Stage

Minority-owned micro-mobility company

Analytics

Raised to Date: Raised: $203,919

Aggregate Commitments $

Platform

Wefunder

Start Date

11/24/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Valuation Cap

$6,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

11/28/2021

Days Remaining

153

% of Min. Goal

408%

% of Max. Goal

19%

Likelihood of Max
extremely
Avg. Daily Raise

$50,980

Momentum
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Location

Los Angeles, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Verve, with a valuation of $6 million, is raising funds on Wefunder. The company provides micro-mobility solutions with affordable and eco-friendly scooters. The Verve scooters are reliable, inexpensive, and environment friendly modes of transportation and cultivate their brand through an organic-interface with popular culture. Verve is already operating a small fleet out of New Jersey and did over 40 rides in five days after launch. Kevin Thompson and Naim Statham founded Verve in September 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for operations, social media promotions, ongoing tech updates, customer support, and legal expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-73,744

$-10,460

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$11,079

$88,081

Accounts Receivable

$0

$0

Total Assets

$109,639

$142,941

Short-Term Debt

$2,020

$0

Long-Term Debt

$191,674

$143,401

Total Liabilities

$193,694

$143,401

Financials as of: 11/24/2021
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Verve on Wefunder 2021
$
Platform: Wefunder
Security Type: Convertible Note
Valuation: $6,000,000

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