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Ride faster, climb higher & explore further than ever before
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$455,860.93 Raised
TEAM
Rob Rast • President
In 2016 Rob combined his passions in biking, green tech, and fitness to start FLX Bike where he (literally) moved into a factory in China to oversee every detail of development, testing and production. Today, Rob leads a team of passionate professionals, cyclists, and engineers with a mission to get more people out of cars and onto bikes. Rob currently splits his time as President of FLX and President of Miles Board an electric skateboard company. He spends approximately 50 hours per week on FLX Bike and approximately 20 hours per week on Miles Board LLC. Please see the Form C for more details.
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Duane Dahl • Advisor
As an Entrepreneur, Dahl founded, ramped and exited multiple companies including a $150M exit to Barry Diller’s IAC.
Dahl and his highly accountable team(s) have seen success in categories that include Travel, Health & Fitness, Entertainment, Local & Organic Food, Medical, the Environment and yes, E-Bikes!
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Reasons to Invest
- $29.3M Cumulative Revenue: Since launch in 2016, we've generated $29.3M in revenue with 0 outside investment.
- $200M+ in Exits: We're led by seasoned executives who have led 10 startups to over $200M in total exits.
- $24 Billion Market: The e-bike market was valued at $24 billion in 2020, and expected to reach $48 Billion by 2026 (12.27 % CAGR).
- 504% YoY growth: We generated $7.9M in revenue in 2020, a 504% increase from 2019 ($1.6M). 2021 revenue has already surpassed that of 2020 ($9.6M YTD).
- $15.4M Crowdfund Successes: We've raised over $15.4M with pre-sale crowdfund campaigns. President has a 100% success rate over 5 campaigns.
- 100% Bootstrapped: We've been scrappy from the beginning, accumulating tremendous results before considering any outside investment. Now we're ready to take things to the next level.
Overview
Let FLX Power Your Next Urban Adventure – And Beyond
Say goodbye to bulky bolt-on batteries, bad cable management and to put it plainly, sub-par bikes. We’ve made the choice to outfit our bikes with premium components from top suppliers to ensure a top notch ride.
You deserve an electric bike that performs and looks its best. A bike so sleek, comfortable and FUN you can take pride in showing it off to your friends.
We believe that together, we can harness the technology we have at our fingertips to develop next level transportation – and make the world a little less gray and a little more green!
*Images used are in the prototype phase, The Babymaker II is not currently available on the market.
In 2020, FLX shattered records on Indiegogo with a stunning $13.3 million crowdfunding campaign. We believe that we proved that our customers were looking for something a little different from the norm – and our Babymaker urban electric bike delivered on that.
* Source
Now in 2021, the FLX Bike team of professionals, cyclists and engineers are working to develop our new line of equally beautiful and powerful electric bikes offering a best-in-class customer experience at a highly competitive direct-to-consumer price point.
This modern approach to the traditional bike business model is what allows FLX to create affordable transportation that continues to improve with each new release. Look out for the next iteration of our flagship Babymaker electric bike, the Babymaker II coming in 2022!
The Problem
Bikes are Limiting, Cars are Boring
When you were a kid, riding a bike was the fastest way you could get from point a to point b.
But for adults, cycling can be limiting and monotonous.
You can't go very far in a short amount of time, unless you want to arrive covered in sweat or are an athlete.
Daunting hills can discourage even the most physically fit.
Sure, getting around by car is usually faster… if you don’t mind paying $5/gallon, pulling your hair out in traffic and getting ‘zero’ exercise.
Not to mention contributing to our growing air pollution problem…
* Source
The Solution
Ride faster, Climb Higher, Explore Further
We design electric bikes from the ground up with clean lines, simple controls, efficient motors, high capacity batteries and add-ons that we believe turn your electric bike into an actual car replacement alternative.
By riding an electric bike you can beat traffic and get to where you’re going in record time. Make your commute the part of the day you look forward to while rediscovering the outdoors in the process.
By creating a riding experience that makes riders CHOOSE their bike over cars, we believe everyone wins.
With the extra power, you can ride comfortably at consistently higher speeds even while climbing hills. Get there faster, and enjoy the ride!
With the extra power, you can ride at higher average speeds than traditional bikes - and still get the same intensity of exercise (if you choose).
This extra speed allows you to beat traffic and get to where you’re going in record time.
*Images used are in the prototype phase, The Weapon is not currently available on the market.
E-bikes require far less resources than even electric cars. That means more money in your wallet and more clean air for your family.
How does it work?
You pedal, the bike helps out. It’s like cycling with super human strength.
Smart sensors measure your pedal force and the bike's motor will multiply your power. Ride in level 0 for no help, or 5 for maximum assist.
*Images used are in the prototype phase, The Babymaker II is not currently available on the market.
Energy for the motor comes from a lithium ion battery smartly integrated into the frame of the bike. There's a lot of e-bikes out there with bulky bolt-on batteries and cables running amok - but we keep it neat, minimal and sleek. Some of our models are so stealth, that most people never know they’re electric – and that’s how we design them.
When the battery runs out you can just keep riding forever on your own power. It feels just like a bike, because it is.
*Images used are in the prototype phase, The Babymaker II, The Weapon, and The Cruiser is not currently available on the market.
Who’s our competition?
We prefer to think of them as “partners in crime” - we’re all in this together. When you ditch the car in the garage to ride any bike - well that’s a win for you, for us and for the planet.
With our success to date, we’re well on our way to be the underdogs that break out of this class and into the giant class.
We have the track record, the people and the products to do it - but we've never taken on investment. We don’t want to be the bargain bin of electric bikes.There's a market for that, but it's not for us.
We prefer to spend more time on design, to source the best components you can get, to design bikes you’ll be proud to ride and show off to your friends. We’re making bikes that will perform for years to come. We aim to be the BMW of electric bikes.
We Skip The Middlemen
We believe that we’ve built an efficient process for designing and delivering electric bikes direct to you.
You get a better value, and we get a better margin to serve you.
To make money, we follow Tesla's tried and true model:
- Design a hot new product
- Get reservations
- And Ship it
In 2020, we maintained an average 42% gross margin on products. With creative in house marketing we achieved about 11X return on ad spend. (We spend $1 million on ads and get $11 million back in sales).
What that means is simple:
We can acquire new customers and scale the company at a profit.
The Market
E-bike Sales Are Exploding
According to Mordor Intelligence, E-bikes are predicted to grow from 3.7 million bikes sold in 2019 to 17 million in 2030. (Source)
The e-bike market in 2020 grew 23% year on year. On the current trajectory there will be 10 million e-bikes sold per year as early as 2024. (Source)
The global e-Bike market was valued at approximately $24 Billion in 2020 and is expected to grow with over 12% CAGR to $48 Billion by 2026. (Source)
The global bike market was valued around $97 Billion in 2020 and is expected to grow to $147 Billion by 2027. (Source)
Big Money in the E-Bike Market
Some players are closing HUGE investment rounds, crossing $1B valuation, others are achieving BIG exits. (But their products are nowhere near as cool.) We expect to see more high dollar exits and IPOs in the coming years.
From rapid urbanization, to the return to the outdoors, to post Covid-19, to rising concerns regarding traffic congestion - there’s a growing bicycle tourism industry and increase in government initiatives to reduce emission levels. These are just a few factors responsible for growth of the market over the forecast period.
People Are Biking More Than Ever
If Covid-19 taught us anything, it’s that nothing is more important than our health. People are using bikes to get outside in record numbers. For leisure, fun or exercise, e-bikes only enhance the experience.
The market is expected to grow even further thanks to climate initiatives, rising gas prices, increases in traffic and many other factors.
Why Invest
Our Goal is to OVER Deliver
Within the next 4 years, we aim to be a well recognized national brand delivering fun, stylish and high quality electric bikes to tens of thousands of riders annually.
* These testimonials may not be representative of the experience of other customers and are not a guarantee of future performance or success.
We’ll continue designing sleek, sexy, powerful electric bikes that use the newest, hottest tech. Our products will make you feel young, healthy, and full of power!
There should be no doubt: the future of transportation is electric. This is your opportunity to get on the ground floor with proven leaders. Don't miss your chance to join us on our mission to disrupt the bike industry.
Together we'll make the world a little less gray and a little more green. Invest today, and tell your friends!
PS: Check out what real riders have to say about our bikes:
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
ABOUT
HEADQUARTERS
4170 Morena Blvd, Ste D
San Diego, CA 92117
WEBSITE
View Site
TERMS
FLX Bike
Overview
PRICE PER SHARE
$8.46
DEADLINE
Apr. 28, 2022 at 6:59 AM UTC
VALUATION
$54.99M
FUNDING GOAL
$10K - $5M
Breakdown
MIN INVESTMENT
$253.80
MAX INVESTMENT
$4,999,995.36
MIN NUMBER OF SHARES OFFERED
1,182
MAX NUMBER OF SHARES OFFERED
591,016
OFFERING TYPE
Equity
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the President of the Company, or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the President determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the President for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Early Bird
Friends and Family - First 24 hours | 15% bonus shares
Super Early Bird - Next 48 hours | 10% bonus
Early Bird Bonus - Next 5 days | 5% bonus shares
Volume
Tier 1 perk - $500+
- 5 Trees Planted
- $25 Store Credit
Tier 2 perk - $1000+
- 10 Trees Planted
- $50 Store Credit
Tier 3 perk - $5,000+
- 50 Trees Planted
- $250 Store Credit
- Silver FLX Commemorative Coin (Limited to 5000)
Tier 4 perk - $10,000+
- 100 Trees Planted
- $500 Store Credit
- Gold FLX Commemorative Coin (Limited to 1000)
- Optional inclusion on the company's board of advisors
Tier 5 perk - $25,000+ | 5% bonus shares
- 100 Trees Planted
- $500 Store Credit
- Gold FLX Commemorative Coin (Limited to 1000)
- Inclusion on the company's board of advisors
- Be featured as Investor of the week (promote anything you want)
Tier 6 perk - $50,000+ | 10% bonus shares
- 100 Trees Planted
- $500 Store Credit
- Gold FLX Commemorative Coin (Limited to 1000)
- Inclusion on the company's board of advisors
- Be featured in an FLX Video Advertisement
Tier 7 perk - $100,000+ | 15% bonus shares
- 100 Trees Planted
- $500 Store Credit
- Gold FLX Commemorative Coin (Limited to 1000)
- Inclusion on the company's board of advisors
- Boss for a week: Become acting General Manager at FLX HQ for 1 week
- Signature Series Bike Serial 1
- Work with our engineers to configure and launch a signature series of one of our most popular bikes. You keep the first bike (Serial #0001)
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
FLX Bike will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $8.46 / share, you will receive 110 Common Stock, meaning you'll own 110 shares for $846. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
ALL UPDATES
04.20.22
7 DAYS LEFT
We have officially surpassed 429k and are quickly approaching our next goal of 430k!
Thank you to all of our wonderful investors — we are so grateful to have you on team FLX.
We are down to the final 7 days of the campaign, so let’s make this last week count 💪🚀
Each investment allows us to make improvements to our products, business practices and even aid in expanding our team so we can ensure your experience with FLX is a great one.
Why invest in eBikes?
Currently, traditional transportation like cars and public transport are contributing to increasingly polluted air.
On top of that, record-high gas prices are having many people re-think how they get around town.
While riding a regular bicycle is a practical and healthier alternative— it can also be a slow and sweaty process which isn’t ideal for everyone.
If only there were a method of transportation that solved all of these common issues…
Well, there IS!
Ebikes are more affordable than a car, don’t require any expensive/harmful fuel, and you don’t have to break a sweat (unless you want to)...
Did we mention they are also tons of FUN!?
It’s easy to see why eBikes are quickly becoming one of the most popular methods of transportation.
And now, you have the opportunity to get in on the action!
Only 7 days remain before our campaign comes to a close, so don’t miss out on this awesome opportunity. Click here to invest in FLX today and help us get more people to ditch their cars and GO ELECTRIC.
Together, we can make the world a little less grey, and a lot more green.
Thank you,
Rob Rast & Team FLX
04.13.22
Two Weeks Left!
This has been an exciting journey and we’re grateful to have gained hundreds of new investors/honorary members of Team FLX along the way.
In just a few months, we’ve raised over 422k from 266 investors….
And we’re not done yet!
For those who haven’t yet made their investment— now is the time to join our mission and invest in the future of affordable & sustainable transportation.
The eBike market is one of the fastest-growing markets across the globe, and there’s still some time left to join in on the action before this opportunity is gone forever.
If you too believe that the future is electric, click here to learn more and invest in FLX today!
Let’s make these final weeks count 🚀
Thank you,
Rob Rast & Team FLX
04.11.22
A+ Rating
We wanted to kick off the weekend with some good news...
Our report card is officially in, and FLX has received an A+ rating on BBB!
Just like in school, the BBB letter grades are based on a score out of 100. To get an A+ rating, you need to get 97 points or more.
The FLX rider support team has been working tirelessly to serve our riders and while this rating is a big win, we still have our work cut out for us!
Our riders are very important to us, and it's been one of our top priorities to focus on customer satisfaction and improve the systems surrounding customer experience.
Thanks to our investors, we've been able to implement improvements already (like phone support) and we won't stop there!
You invest in us, we invest in you and everybody WINS.
Our campaign has passed 420k!! Thank you so much to all of our investors.
Only 20 days left to invest before this opportunity is gone forever.
Click here to learn more and invest for as little as $253
04.06.22
Special Delivery!
It’s been a very busy year for us here at FLX HQ with the release of The Babymaker II, our follow-up to the original, record-breaking Babymaker from 2020.
The team has been working very hard to get your Babymaker II orders fulfilled as quickly as possible, and it’s with much excitement that we can share some good news with you today...
*cue drumroll*
The first Babymaker II’s have been shipped and some have already been delivered!
Check out the full update below to see if you're one of the lucky first few.
As we move through Babymaker II fulfillment, we wanted to emphasize our commitment to guaranteeing the highest level of quality and performance in each and every bike we deliver. This is why we are dedicating the time and resources to perform an in-depth quality control check on every bike before it leaves our Detroit facility.
We are so excited for everyone to get their orders and encourage you to share pictures and videos with your new Babymaker once you receive yours! #TeamBabymaker
If you haven't ordered yours yet, click here to get it for over $700 OFF the retail price!
__________________________________________________________________________________________________________
REMINDER: There's less than 1 month remaining before our investment campaign comes to a close!
Thank you to the hundreds of investors who have already joined us on our mission to put the FUN back into cycling.
If you believe the future is electric and want to join in on this awesome opportunity, click here to invest in FLX today for as little as $253.
Together, we can change the world one electric bike at a time.
With Love from San Diego, California
— Team FLX
03.31.22
30. Days. Left.
It’s been a wild ride and so far, we’ve raised over 400k thanks to 258 investors!
Thank you to everyone who has already invested— We are stoked to have you on the team and look forward to working hard for YOU.
We are officially in the final stretch before the campaign ends next month, so if you haven’t had the chance to invest yet, don’t miss out on this awesome opportunity to join team FLX. Help us get more people to ditch their cars and go electric.
____________________________________________________________________________
In fact, there’s never been a better time to go electric…
In recent months, the average price of a gallon of regular gasoline has skyrocketed, reaching a national average of $4.17 in the states. This new spike breaks the previous record high from 2008 when the national average hit $4.14.
In some states, like California, people are even seeing some gas prices hover around $6 or $7 for premium fuel!
(Source https://www.nytimes.com/2022/03/08/business/high-gas-prices.html)
With such high prices, many people are looking into alternate forms of transportation…
and electric bikes are an extremely attractive option thanks to their simplicity and affordability.
eBiking is one of the most practical modes of transportation & here’s why:
- More cost-friendly than an electric car / paying for gas
- More environmentally friendly than gas-fueled transportation
- Great for your physical and mental health
- Plus, it’s tons of fun!
Aside from rising gas prices, if Covid - 19 taught us anything, it’s that NOTHING is more important than your health.
Which is why we are thrilled to see more people riding bikes than ever before!
With the way things are going, it's no surprise that the future is electric and the e-bike market is thriving.
We want to keep things rolling and achieve our dream of getting EVERYONE on an electric bike, so let’s make these final 30 days count!
If you too believe the future is electric, then click here to join our mission and invest in FLX today.
Together we can change the world,
Rob Rast & Team FLX
03.29.22
All Hail the Successor
Things have been heating up with the start of Spring and we are ready for an awesome season!
Last month, on 2/22/22 at 2:22 EST, we launched the newest installment in our line of sleek and stealthy electric road bikes - The Babymaker II.
Hundreds of orders have been flooding in since then and we are so thankful for everyone who already ordered theirs.
CLICK HERE to get yours now!
So what is all the fuss about?
The Babymaker II has notable upgrades from its original predecessor (released in 2020), including a 40% larger battery, increased range, upgraded handlebars, and an improved riding position.
Check out our launch video below to see why so many people want to join #teamBabymaker
The most notable upgrade though is the fact that the Babymaker II is proudly assembled in the USA in Detroit aka Motor City.
Production and quality assurance have already commenced, and we’ll be shipping the first round of orders within the month.
>>CLICK BELOW To See The Babymaker II Assembly: QC Inspection In Detroit<<
The original Babymaker made waves in 2020, and once again this stealthy little eBike is making a name for itself in the eBike industry. The Babymaker II has been receiving more media coverage than ever before, and the excitement is electrifying. Recently, it was even featured on CBS 8 NEWS!
Want to see more?: Click here to check out what the press is saying about The Babymaker II!
It’s been an exciting couple of months, to say the least, and we can’t wait to see where this year takes us.
Thank you again from the bottom of our hearts to all of our investors and riders. None of this would be possible without you.
NOTICE: Our equity campaign is nearing the finish line as we gear up for the summer season, so if you haven’t invested yet— now is the time! Click here to learn more or make your investment today, and help us achieve our goal of making the world a little less gray and a little more green.
Thank you & Happy Monday,
Rob Rast & Team FLX
02.25.22
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the FLX Bike offering. Here's an excerpt describing the specifics of the change:
Issuer is extending campaign to 4/27/22.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
02.11.22
FLX Origins: Huffing and puffing on a beach cruiser
I’m riding a beach cruiser northbound
I’m huffing and puffing
Once again pedaling with everything I’ve got
I have to catch this guy...
I’m 24 years old
With a beautiful girlfriend
A high paid aviation job
And In the best shape of my life
I’m unstoppable Invincible
Yet still so foolish
Earlier that day I was feeling so accomplished
Having finally finished training
The Delta Airlines fuelers at LAX on new software
That’s when Mark, the GM invited me on a bike ride to celebrate
He said he'd race me the 14 miles to Santa Monica 14 Miles?
Do you know who you're talking to?
I rode 500 miles in a typhoon- what's he got?
I said "you're on!" and we bet dinner on it.
Mark’s twice my age and certainly not in peak shape I’ve got this race in the bag
My plan is simple:
Match his pace, have some fun
Then on the last mile, I’m gonna turn on the jets and dust him
We set off at a comfortable pace and keep together We’re a couple of miles in when Mark looks at me
He shakes his head, and flashes a mischievous smile What’s he laughing about?
Suddenly Mark’s speed doubles My jaw drops as he flys past me Where did that come from!?
We’ve got 10 miles to go and he’s sprinting already? I’m not gonna let this guy beat me – not today
Once again I’m pedaling with everything I’ve got
So much for my plan
I push and push, sprinting to catch him Finally I catch up, trying to control my breath Nice try! I got you now buddy
But Mark’s completely unfazed
He looks at me with a mischievous grin I’ll never forget
And speeds off
I swear he’s taunting me
I've ridden fast and hard my whole life But now I feel like I’m slowing him down It doesn’t matter how hard I pedal
I just can't keep up to the crazy guy
Mark wins dinner,
And I win another slice of humility...
You probably guessed Mark's secret already He’s not riding a normal bike –
His bike is electric.
But it’s not like the ebikes I'd seen before
It doesn't look like a science fair experiment With wires everywhere and a battery clunked on
This one actually looks kinda cool
It’s a modern day Moped
And Mark is having the time of his life
I’m reminded of the island misadventure
Just like when I grabbed onto pickup trucks for some assist Mark can get a sweet boost from the motor any time he wants Imagine if I’d had this technology on that trip...
I beg him to let me try it
And it doesn't disappoint
It rides like a regular bike
But with speed any time you want it
I want one
I need one
How much are they, Mark?
SEVEN THOUSAND DOLLARS
My jaw drops again
I’d just spent big bucks on my dream motorcycle.
There's no way I’m dropping another $7k for this ebike Once again I go back to the motorcycle
Just months later Mark’s bike would become my inspiration I’d quit my job and become obsessed
It became my mission to create a bike like this
But mine will be different It will have:
More speed
More range
More performance And better looks...
For a fraction of the price
FLX Roadster, 2015
And just like that,
FLX Bike was born
But you can read more about that later...
I just wanted to fill you in on my personal story How I came to know that electric is the future That ebikes are a MASSIVE part of it
And why I went all-in on this business
I was lucky to find this out early
Before the ebike market completely exploded, and we’re still super early here
We believe more people will catch on every day They’ll trade gas for electric, old for new
And the eBike market will continue to grow
If you too believe the future is electric Then join us on our mission
And invest in FLX Today
You’ll invest in a team that is switched on
Focused on building the best bikes on the planet And obsessed with giving you the ride of your life!
|
P.S. If you wanna win bets against punk kids like me... check out these bikes
02.04.22
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, FLX Bike has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in FLX Bike be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
01.31.22
FLX Investor Bruce Spencer Rides the Weapon X
Meet Bruce Spencer,
He's a Blade 2.0 owner and FLX investor living in Mission Viejo, California.
As both owner of FLX Products and FLX equity, I wanted to meet with him and hear his thoughts on our upcoming flagship model, The Weapon X.
With Bruce on a Weapon X prototype and myself on an F5 Trail, we set off for an epic 15 mile ride through the trails of Mission Viejo.
What a rush!
This was my first real mountain bike ride since my injury last year, so I was sure to take it easy and keep the rubber side down...
It was challenging, thrilling, invigorating.
It reminded me once again - this is why.
This is why we work our butts off to make the best electric bikes out there.
We were in the zone, flowing, having the time of our lives.
There's nothing like getting out and dancing with nature to give you a fresh perspective.
It's exercise, meditation and FUN all in one package.
--------------
Bruce loved the Weapon, but he was concerned about the retail price for it.
The Weapon X he rode will retail somewhere between $10-13K, which is no small chunk of change.
We're aiming to launch 2 versions - The Weapon, which will retail for much, much less - and the Weapon X - which is the racing spec version.
The Weapon X, is designed to use the best of every component available, it will compete with other bikes in the $10-13K range. BUT when the Weapon X launches, we'll be offering some very steep pre-order discounts to make it much more competitive.
You can learn more about the Weapon and Weapon X here.
We'll be launching them sometime after the Babymaker II, which is just around the corner.
--------------
Over lunch Bruce told me about his aviation history and his business ventures.
Bruce invented a Pneumatic Pogo Stick which holds 11 world records.
He's since sold the company, but still keeps one in the garage.
Bruce told me his story while hopping about the neighborhood.
Having recently recovered from a broken leg, I didn't dare try it…
To say I was impressed with Bruce's energy level would be a total understatement.
At 77 years old, I couldn't help but think the daily ebike rides are keeping him fit and full of energy.
The thought makes me want to get out and spend more time riding!
Are you an FLX Rider or Investor?
If so I'd love to go on a ride with you and hear your ideas about the company.
Let me know in the comments where you're located and if you're up for a ride!
|
REWARDS
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$500
Tier 1 perk
5 Trees Planted | $25 Store Credit
$1,000
Tier 2 perk
10 Trees Planted | $50 Store Credit
$5,000
Tier 3 perk
50 Trees Planted | $250 Store Credit | Silver FLX Commemorative Coin (Limited to 5000)
$10,000
Tier 4 perk
100 Trees Planted | $500 Store Credit | Gold FLX Commemorative Coin (Limited to 1000) | Optional inclusion on the company's board of advisors
$25,000
Tier 5 perk + 5% bonus shares
100 Trees Planted | $500 Store Credit | Gold FLX Commemorative Coin (Limited to 1000) | Inclusion on the company's board of advisors | Be featured as Investor of the week (promote anything you want)
$50,000
Tier 6 perk + 10% bonus shares
100 Trees Planted | $500 Store Credit | Gold FLX Commemorative Coin (Limited to 1000) | Inclusion on the company's board of advisors | Be featured in an FLX Video Advertisement
$100,000
Tier 7 perk + 15% bonus shares
100 Trees Planted | $500 Store Credit |Gold FLX Commemorative Coin (Limited to 1000) | Inclusion on the company's board of advisors |Boss for a week: Become acting General Manager at FLX HQ for 1 week |Signature Series Bike Serial 1 See more in terms
JOIN THE DISCUSSION
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Alex Parrillo
2 years ago
Hi Rob and FLX team - As a fan of the Babymaker (bought one for myself and another for my wife!) we decided to invest in FLX via Start Engine. That was over two years ago. Would you please provide an update on company outlook and intentions? Thanks - Alex
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Moustafa Aly
2 years ago
Hello, May your provide updates on the business activity?
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Dhruv Mehta
3 years ago
Hi there, I am interested in being an investor in FLX however, I would like to understand a couple of things 1. THe company has already raised a significant amount of capital through mutiple rounds of fund raising - so what is the compnay planning to do with the additional funds and why dilute the equity when it is not buring cash at the moment? 2. When does the company plan to launch an IPO?
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Michael Nadler
3 years ago
It's sad that you don't even advertise how fast your BIKE goes, lol
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Edwin Renner
3 years ago
How can an investor claim for the store credit?
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Richard Israel
3 years ago
Rob, I'm an investor and now Weapon preorder holder in Las Vegas, NV. What happens in Vegas doesn't have to stay here. Let's go for a ride!
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David Leek
3 years ago
Hello Rob! I live in southern Minnesota and am the owner of an Attack, so as you might imagine I’m stoked and a Weapon X preorder holder. We live in a sleepy little city blessed with amazing bike trails courtesy of some wealthy founding mothers and fathers who invested in the community. Both single track in the woods and miles of paved and unpaved trails, we have it all. Would love to see you in our neck of the woods and go for a ride.
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Thomas Foster
3 years ago
Love the story as it mirrors my own in many aspects. You seem to have a great team! Keep it moving. I think I'll go put some more money to work for you!
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michael Garibay
3 years ago
This is so awesome Rob. If you are not moving forward you are moving backwards. I hope 2022 is a great year for FLX and for you and your family. Stay safe and I hope this is a winner like the bikes and boards
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HOW INVESTING WORKS
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FAQS
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000 are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, they are limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
PINNED BY STARTUP
Scott Ash
4 years ago
Thrilled to be a part! I was one of the very first Baby Maker buyers before it even hit $1M. Have owned and riden other E-Bikes. FLX quality and performance matched with its value are why I am here! Keep it up! Looking forward to watching and be a part of your future wins!
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