Vvolt
Growth Stage
Building alternative EVs for everyone
Overview
Raised: $438,183
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/30/2023
Close Date
02/28/2024
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment
$226
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.26
Pre-Money Valuation
$12,995,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/02/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,652
# of Investors
224
Momentum
Funded
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Year Founded
2020
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Vvolt, with a valuation of $12.99 million, is raising funds on StartEngine. It is an e-micro mobility company that offers reliable electric transportation solutions and makes real-life mobility better for everyone. Vvolt is pioneering personal EVs with a vision to create a better urban transportation experience through its innovative products and strategic retail partnerships. The company generated $1 million in revenue in 2022 and has experienced an 870% year-over-year growth in its social media following. Christopher Kyle Ranson founded Vvolt in June 2020. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,130,234 |
$152,065 |
|
COGS |
$798,349 |
$98,958 |
|
Tax |
$-621 |
$0 |
| ||
| ||
|
Net Income |
$-525,335 |
$-289,164 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$83,721 |
$84,067 |
|
Accounts Receivable |
$56,718 |
$5,760 |
|
Total Assets |
$1,659,980 |
$1,333,518 |
|
Short-Term Debt |
$524,401 |
$297,016 |
|
Long-Term Debt |
$1,366,429 |
$992,928 |
|
Total Liabilities |
$1,890,830 |
$1,289,944 |
Financials as of: 10/30/2023
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