Driven

A technological leap for e-bikes

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Security Type
Convertible Note
Categories
Financial Services, Technology, Transportation & Storage
Min Investment
$100
Location
Boulder, CO
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$618.00K
No. Investors
123
Security Price
$1
Website
madebydriven.com
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.
Amount Raised : $148,000
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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