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Security Type
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CAFES
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Categories
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Technology, Retail, Consumer Goods & Products, Community & Lifestyle, Transportation & Storage
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Min Investment
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$100
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$350.00K
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Security Price
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$1
- Number of Employees
- 3
- Cash
- $339,544
- Revenue
- $74,335
- Short Term Debt
- $135,799
- Cost of Goods
- $27,835
- Long Term Debt
- $2,130,000
- Net Income
- $-252,721
Key Deal Facts
We've raised $2.3M+ to date and have generated $150k+ in revenue
E-bike buyers of tomorrow will want what cars do for them today - comfort, passenger capacity, cargo
Civilized Cycles has patented key technologies to sustainably differentiate and win this space
Rated 4.8/5 on Kingscrowd, the leading source for crowdfunding ratings, research and analytics
Core team & advisors includes experts from Vespa, Schwinn, PwC, Citibike, Lyft and Nielsen
Rapidly growing e-bike market, predicted to be a $70B+ industry by 2030
Suspension, Geofencing, and Kinetic Energy Management systems have scale commercial applications
Management Team / Advisory Board Bios
Zachary Schieffelin Co-Founder & CEOSerial founder - started and grew Vespa Soho into the largest volume US Vespa dealer, and created Carbon Negative, an early electric retail brand. 35+ years of experience with powered and unpowered two wheeled vehicles and the needs of their customers., Marc Liu Co-Founder & CROSerial founder and award-winning marketing and brand strategist with 13+ years experience serving brands such as Turtle Bay Resort, Stoli, UFC, and The Halal Guys., Mike Fritz Director, Production and Engineering40+ years of bicycle and e-bike engineering experience with brands such as Schwinn Bicycle Company, EV Global Motors (Lee Iaccoca’s Chrysler backed electric bike initiative), Ultramotor and WaveCrest.
Reveal the Score by Voting
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Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.