A technological leap for e-bikes

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Security Type
Convertible Note
Financial Services, Technology, Transportation & Storage
Min Investment
Boulder, CO
Expected Close Date
April 29, 2024
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

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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