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Security Type
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Convertible Note
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Categories
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Financial Services, Technology, 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-$618.00K
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No. Investors
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123
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Security Price
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$1
- Number of Employees
- 3
- Cash
- $156,674
- Revenue
- $0
- Short Term Debt
- $932,207
- Cost of Goods
- $0
- Long Term Debt
- $722,387
- Net Income
- $-933,020
Key Deal Facts
Advanced and innovative e-bike drive system.
Three patents awarded, 2 provisional patents. The Driven system is truly novel to micromobility.
Extended battery range of 10 – 19% - more efficiency is better for riders and the environment.
Extremely low maintenance (every 10,000 miles).
A single, bolt-on solution – no more cobbling together of chains/derailleurs/motors.
The e-bike market is experiencing hyper-growth. Now a $30B + market with almost a 15% CAGR.
Led by seasoned bike-industry professionals with dozens of successful products in the market.
Spun out of CeramicSpeed, already raised ~$2M from bike industry and crowd funding investors.
Management Team / Advisory Board Bios
Jacob Csizmadia Board MemberFounder of CeramicSpeed, Martin S. Banke Board MemberEVP at CeramicSpeed, Jason Smith Founder and CTO20-year Mechanical Engineer, Several bike inventions at market., Brian Baker CEO25-year executive, several consumer tech products at market., Jason Wolf CFO27 years of finance and strategy experience within large Fortune 500 companies, focusing on growth and innovation.