Rumble Motors

Rumble Motors

Early Stage

Zero Emission Electric Bikes—Who Said "Fun to Ride" Can't Be Eco-Friendly...

Zero Emission Electric Bikes—Who Said "Fun to Ride" Can't Be Eco-Friendly...

Overview

Raised to Date: Raised: $22,981

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/05/2023

Close Date

07/06/2023

Min. Goal
$9,996
Max. Goal
$4,194,134
Min. Investment

$112

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$14.00

Pre-Money Valuation

$17,966,144

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$188

# of Investors

56

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Logos provided by Clearbit
Year Founded

2019

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Sacramento, California

Business Type

Growth

Company Website

Rumble Motors, with a valuation of $17.97 million, is raising funds on StartEngine. The company makes electric bikes in Stockholm and California and sells them worldwide. The business now aims to use its innovative BLIXT batteries in new product lines and expand to new territories. The BLIXT batteries are made of graphene and offer unparalleled performance with the ability to go up to 1,000 miles on a single charge. Reza Khademi Jr. and John Khademi founded Rumble Motors in February 2019. The current crowdfunding campaign has a minimum target of $9,996 and a maximum target of $4.2 million. The campaign proceeds will be used for marketing, inventory, operations, research and development, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$212,347

$550,542

COGS

$171,560

$323,641

Tax

$0

$0

 

 

Net Income

$-27,365

$8,452

Summary Balance Sheet

FY 2022 FY 2021

Cash

$275,463

$41,380

Accounts Receivable

$65

$65

Total Assets

$545,428

$290,588

Short-Term Debt

$-5,284

$11,894

Long-Term Debt

$0

$0

Total Liabilities

$-5,284

$11,894
Financials as of: 03/05/2023
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Rumble Motors 07/05/2023 StartEngine $17,966,144 $22,981 Equity - Common Funded RegCF
Rumble Motors 01/17/2022 StartEngine $12,000,000 $812,840 Equity - Common Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Rumble Motors on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,966,144
Price per Share: $14.00

Follow company

Follow Rumble Motors on StartEngine 2023
View on StartEngine
Deal Analytics
Company Ratings
Deal Considerations

Buy Rumble Motors's Deal Report

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

Rumble Motors Deal Report

Get KingsCrowd’s comprehensive report on Rumble Motors including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Rumble Motors is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Rumble Motors deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge