Ryca Motors

Ryca Motors

Early Stage

Cars, Motorcycles, and Technology

Cars, Motorcycles, and Technology

Overview

Raised to Date: Raised: $12,816

Total Commitments ($USD)

Platform

Netcapital

Start Date

11/19/2023

Close Date

02/20/2024

Min. Goal
$10,003
Max. Goal
$617,999
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.71

Pre-Money Valuation

$6,017,850

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/28/2024

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

$139

Momentum
Funded
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Year Founded

2020

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

CommerceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Santa Fe Springs, California

Business Type

Growth

Ryca Motors, with a valuation of $6.01 million, is raising funds on NetCapital. The company is developing a platform for integrating augmented reality into the automotive and power sports industries. Ryca Motors has developed the FantomView prototype and created the world’s first custom bike using AR and aims to develop it into a fully-featured platform. The implementation of Ryca Motors’ technology will help vehicle owners have the try-before-you-buy tool, manufacturers to design and market the products more efficiently, and retailers to reduce returns and provide next-level tech support. Ryan Rajeski and Casey Stevenson founded Ryca Motors in July 2020. The current crowdfunding campaign has a minimum target of $10,002.61 and a maximum target of $617,999.24. The campaign proceeds will be used for research and development, intellectual property, licensing activities, marketing, professional services, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$21,911

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$10,000

$10,000

Accounts Receivable

$0

$0

Total Assets

$10,000

$10,000

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 11/19/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Ryca Motors 02/19/2024 Netcapital $6,017,850 $12,816 Equity - Common Funded RegCF
Ryca Motors 04/29/2021 StartEngine $4,980,000 $126,440 Equity - Common Funded RegCF
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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

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Ryca Motors on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,017,850
Price per Share: $2.71

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Follow Ryca Motors on NetCapital 2023

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