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GET A PIECE OF AREA 13 EBIKES
Electric Bikes That Are Out Of This World
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$215,902.16 Raised
Reasons to Invest
The electric bike market is projected to reach $52.36 billion by 2028, with a staggering 16% CAGR. (Source)
Revenue growth from 2019 to 2020 has spiked from $600,000 to over $4 million.
The CEO started the company with only $200 in capital and has grown the company to millions in sales in just a few years.
Overview
We obsess over quality so you don’t have to
Kyle Chittock started the company with just $200 out of his own pocket and has transformed it into a 7 figure company in just a few short years. We firmly believe that with additional capital, we can continue the trajectory we’re on and be a household name in the electric bicycle industry. Our endeavor to make premium quality ebikes has been the keystone of our business model, and we believe it will continue being the force behind our growth.
THE PROBLEM
Not all ebikes are created equal
Ebikes are becoming more common within every household. The challenge many face is ensuring their ebike will meet their needs for power, performance, proper fit, and price.
Due to the incredible growth the electric bike industry has experienced, there are an increasing number of options to choose from. This can result in a lackluster buying experience where the machine's capabilities were oversold and the consumer's needs were overlooked.
THE SOLUTION
Our ebikes are the perfect blend of quality, performance, and price
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Simply put, Area 13 doesn’t need to make extravagant claims and over-the-top social media market campaigns because our ebikes do the talking for us. We cut through marketing hype and tell people what they’re really getting for their money. We believe in transparency and have a product we can be proud of.
Area 13 started out selling parts and pieces to make all types of electric bike brands better. Our knowledge and passion for ebikes naturally led us to start creating our own line of electric bikes. By focusing on performance, speed, power, and most of all, quality, we have developed a superior ebike that sells itself.
We generate the majority of our revenue through the sale of ebikes, however we also sell ebike parts. Our latest model, the Falcon, is a full suspension, carbon fiber EMTB with name brand components and retails for just under $5,000, making it a compelling option next to the big-brands, some of which cost twice as much for similar specs.
THE MARKET
We let the quality of our ebikes do the talking for us
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At Area 13, our focus will always be on the quality and performance of our ebikes. We ensure that every aspect of our products, from the design down to the components, are of the highest caliber to maximize its capabilities. This high standard of excellence was born out of a genuine passion for ebikes, which is the heart of our enterprise.
By educating our customers about ebikes and how they work first, we have developed a growing, loyal customer base. Not only do we interact with customers through our shop in California, but also we drive organic traffic through our strong social accounts. Youtube videos, electric bike specific podcast episodes, and outstanding overall social media presence has pedaled our success.
OUR TRACTION
Our success is electric!
We know that we’ve made some bold claims about the quality of our products, but the proof is in our dramatic sales increase. From 2019 to 2020 revenues increased from $600,000 to over $4 million. Furthermore have the largest Youtube channel of any ebike brand globally, approaching nearly 100,000 subscribers.
WHY INVEST
Our ebikes have the potential to define a growing industry
Area 13 has the perfect recipe for success. We have high-quality, high-performing ebikes that are fairly priced, a passionate CEO who understands our growing industry, and a loyal following that has propelled us to early success. Ebikes are no longer a concept for the future; the technology is here. We have the know-how and products to gain a strong foothold in a booming market. Help Area 13 become the gold standard of ebikes and become a shareholder today.
ABOUT
HEADQUARTERS
13120 John Bauer Ave.
Grass Valley, CA 95945
WEBSITE
View Site
TERMS
Area 13 EBikes
Overview
PRICE PER SHARE
$5
DEADLINE
May. 1, 2022 at 6:59 AM UTC
VALUATION
$25M
FUNDING GOAL
$10K - $1.07M
Breakdown
MIN INVESTMENT
$250
MAX INVESTMENT
$1,070,000
MIN NUMBER OF SHARES OFFERED
2,000
MAX NUMBER OF SHARES OFFERED
214,000
OFFERING TYPE
Equity
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.
Investment Incentives and Bonuses*
Time-Based:
Friends and Family Early Birds
Invest within the first 72 hours and receive an additional 25% bonus shares.
Super Early Bird Bonus
Invest within the next 72 hours and receive an additional 15% bonus shares.
Early Bird Bonus
Invest within the next 72 hours and receive an additional 10% bonus shares.
Amount-Based:
$1,000+
Receive 5% bonus shares
$2,500+
Receive 10% bonus shares
$5,000+
Receive 15% bonus shares
$10,000+
Receive 20% bonus shares
$25,000+
Receive 25% bonus shares
*All perks occur when the offering is completed.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for, with the exception of “audience-based” bonuses.
If a company offers an “audience-based” bonus, this bonus only will stack with any other bonus you are eligible for. An “audience-based” bonus is a bonus that is available to a qualified group of investors based on campaign-specific criteria - such as previous investors, existing customers, or Testing-the-Waters (TTW) reservation holders. An issuer can only offer a single audience-based bonus.
For example, a 10% audience-based bonus (i.e. prior investors) + a 10% OWNer’s bonus would receive an aggregate of 20% bonus shares.
The 10% StartEngine Owners' Bonus
Area 13 E-Bikes 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 $5/ share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $500. 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 investor's 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 canceled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Insider Investment Notice: Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.
Irregular Use of Proceeds
ALL UPDATES
04.21.22
We're on the home stretch! Join Us!
This is IT! Today, we enter the final 9 days of this Reg CF offering on StartEngine!
The ebike market is projected to reach $52.36 billion by 2028 (source) and it will keep going. Consumers are often purchasing several ebikes for recreational activities, ebike rentals, exercise, and commuting. In a global effort to shift to clean energy the ebike industry is here to stay for the long haul.
Prior to launching on StartEngine, as our commitment to make ebike brand ownership available to everyone, our team successfully raised funds from start up fund capitalists, ebike owners, entrepreneurs, and dedicated individuals who are passionate about the growth of the ebike market. Ebikes have also provided a positive return for their health and enjoyment of life.
There’s still 9 days for YOU to be a part of this exciting industry.
Now is your chance to become an owner!
Invest in Area 13 Ebikes Today!
03.25.22
The Blackbird Ebike has arrived! (And MANY more are on the way!)
The Blackbird is one of our best selling bikes. Our latest shipment has arrived to the US port and is being unloaded at our facility this week! This will put bikes in stock for immediate sale for the first time since May of 2020!
Production is well under way so we can increase quantities of Blackbird models sold in 2022. We have hundreds more lined up and ready for packaging overseas. Our hard work over the last 18 months of securing parts and pieces for higher volumes is finally paying off!
03.18.22
Our latest youtube video is out!
Youtube videos are the number 1 source of our traffic. We love creating and sharing education content about electric bikes! Check out our latest video here:
03.16.22
Invest in Ebikes - Invest in Everyone’s Future
The pain at the pump has Americans feeling anxious about running errands, getting to work, and it’s FORCING US ALL to rethink our routines.
Gas Prices are the HIGHEST in US history with a national average of $4.31 a gallon as of 3/15/2022. (https://gasprices.aaa.com/)
Just 1 year ago, the average price of 1 gallon of gas was $2.96. (https://gasprices.aaa.com/)
Prices could soon soar even higher and that will absolutely keep us stuck right where we are.
Now What?!
By depending on just one form of transportation, such as a car - Americans will experience a greater negative impact on their household budget, commuting costs, family vacations, and the ability to get outside and have some fun.
By riding an ebike, you can experience some relief, while those that are relying on gasoline to get around will be scrambling to find other options as prices keep escalating.
In an already booming industry, investing in ebikes is a VERY SMART decision.
We all deserve to enjoy time with family and friends. We should be able to commute to work and run errands while getting exercise. We don’t need to be dependent on fossil fuels so we can have fun in our own neighborhood.
Join us in creating positive changes in our society.
Invest in Area 13 Ebikes and Invest in Everyone’s Future.
03.14.22
Batteries have arrived!
We received a shipment of 650 batteries this week! This is a good chunk of the batteries we need for the blackbird bike this year. 500 are for the blackbird bike (along with 2 samples for new prototype bike models!). The Blackbird currently retails for $2,599 and is our most popular model.
In addition we also received more of our popular "triangle" style batteries. They are used in aftermarket applications for those that want to upgrade their existing bike with more power and more range.
Did you know?
One of our most viewed videos is how to maintain lithium batteries for your electric bike.
03.06.22
Thank you! This is incredible!
Hey Everyone!
We're excited to share that our campaign has exceeded $100K in less than 72 hours!
03.05.22
24 hours in! We're off to a great start, let's keep the momentum going!
We're 24 hours in!
Do you have friends or family that own an electric bike? There's a good chance you do! Ask them how they like it, we think you'll be pleasantly surprised! Share our campaign with them so they can join Area 13 and become an owner in the growing space of electric bikes.
Remember that you'll receive 25% bonus shares if you invest in the first 72 hours! Limited time left.
03.04.22
The Campaign is live! Minimum offering amount surpassed!
Thanks to everyone that has already invested! We've run by the minimum offering amount and I can't wait to see where it goes from here!
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).
$1,000
$1,000+
Receive 5% bonus shares
$2,500
$2,500+
Receive 10% bonus shares
$5,000
$5,000+
Receive 15% bonus shares
$10,000
$10,000+
Receive 20% bonus shares
$25,000
$25,000+
Receive 25% bonus shares
JOIN THE DISCUSSION
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DION REIF
2 years ago
Where can I get an investor status report/updates?I have not received anything since I invested in April. Can anyone help here please?
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Douglas Jones
3 years ago
Hello Kyle , it's been awhile since I checked in . I like to know is there a way to keep track of my investment , and as of today how is the company doing investment wise ? I know it's been some months now only , but I would like updates and how I can track it.
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Andrew Dyer
3 years ago
Hello Area 13 Ebikes, I am the affiliate manager for KnightBikesElectric. Reaching out to see if you guys are interested in a partner deal with KnightBikesElectric. Please reach out at andrew@knightbikeselectric.com.
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Douglas Jones
3 years ago
Hello I invested in Area 13 back in March 2022 , I have recieve no updates on how are things going for us investors . Please do send regular updates to me . Also , let me know how if possible I can check on my own about how's the company doing investment wise , but I would like emails on this matter. I also invested in Rent berry in April and they reached out already about how it's going to work and will keep updating via email to me , that is the professional way of business. Thank you I look forward for your response.
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Todd Wilson
3 years ago
Do you currently or have plans to take advantage of using specific YouTube channels to help market your ebikes? For example, sending one of your ebikes to use as a demo for YouTube'rs with substantial subscribers? I discovered the popularity of ebikes through one of the full time RV channels. Different companies are sending those people ebikes to review.
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stephan janulin
3 years ago
Has anyone else been getting "payment failure" notices from startengine? I have resubmitted my payment info 5 times now, though I don't understand why. The money has been withdrawn and cleared from my account for 11 days now and in smartengines system. I reach out to smartengine support and all I get is the same automated response over and over again. Kyle, is there any other avenue I can take to invest in your business? This platform just doesn't seem to be very efficient or reliable.
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Brian Hill
3 years ago
Hi there - I’m curious about whether your bikes are fully manufactured abroad or so you do assembly in the US? Also, what are your thoughts on whether the current shipping challenges will subside soon or not? Lastly, what can you tell us about your manufacturing partners and their quality control processes? Thanks.
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Gary Linebarger
3 years ago
Kyle - According to StartEngine, "Some companies choose to close on funds during the weeks following the close of their campaign, whereas others may close on funds at regular intervals during their campaign. As a result, the timeline can vary and take anywhere from several weeks to months." This is how they explained why are funds are not showing up as invested. Could you follow the second option, and "close on funds at regular intervals during their [your] campaign," so that the funds show up in our accounts. I'm sure not many of us are happy waiting months to see our money has been invested. Thanks
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Kevin Brening
3 years ago
Will investors be eligible for product purchase discounts?
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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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.
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Mark Fitt
2 years ago
Where can I get an investor status report/updates?I have not received anything since I invested in April.
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