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Security Type
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CAFES
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Categories
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Infrastructure, Technology, Financial Services, Sustainability, Transportation & Storage
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Min Investment
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$250
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Location
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Santa Barbara, CA
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Offering Date
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August 01, 2020
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Expected Close Date
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April 30, 2025
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Target Raise
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$50.00K-$5.00M
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No. Investors
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150
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Security Price
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$1
- Number of Employees
- 0
- Cash
- $68,026
- Revenue
- $0
- Short Term Debt
- $443,797
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-201,766
Company Description
The transportation and logistics industry faces many changes. By 2030, 70% of all people will live in larger cities and this growth will have an impact on urban logistics. One consequence is that the demand for sustainable, compact, pollution-free commercial vehicles is steadily growing. Furthermore, upcoming regulatory changes for inner-city traffic will lead to a rapid increase in the sales of commercial electric vehicles for urban deliveries.
Perks
Invest $1,000+ for All investors who will invest $ 1,000 or more will be part of a multi-party Q+A conference call with the CityFreighter team
$10,000+ All investors who will invest $ 10,000 or more will be part of a one to one Q+A 30 minute videoconference call with the President and Founder of Cityfreighter
Invest $1,000+ for All investors who will invest $ 1,000 or more will be part of a multi-party Q+A conference call with the CityFreighter team
$10,000+ All investors who will invest $ 10,000 or more will be part of a one to one Q+A 30 minute videoconference call with the President and Founder of Cityfreighter
Key Deal Facts
1 A unique modular system, offering maximum flexibility to build different vehicle variations quickly
2 Substantial Market Size with exponential growth, $792B by 2028
3 Saving multi-millions of dollars on development costs
4 Speeding up time-to-market, saving years on the development by using existing and proven parts
5 Starting in the largest key markets for last-mile logistics, US and Europe
6 Building strong collaborations with global partners is one of our key strategies
7 Setting up micro-assembly factories in global key markets
8 SOP ready end of 2021
Use of Proceeds
If $50,000 raised:
Start building the prototype chassis, Wefunder Fees.
If $535,000 raised:
Start building the prototype chassis, Operational costs (rent, travel, wages), Wefunder Fees.
Management Team / Advisory Board Bios
Michael Schoening
President & Founder
Michael is an Entrepreneur for life and a Business Developer. Michael has over 30 years of sales, product design, and manufacturing experience. Michael is a proud part of CityFreighter's initial team, which built the prototype within only 5 months.
Joe Storment
Infrastructure Development
Joe is the co-founder of Cityfreighter and has been running the US infrastructure development, from inception in June 2018 to present. Joe is a proud part of CityFreighter's initial team which built the CF1 prototype within only 5 months.
Robin Jansen
Head of UI & Connectivity
Robin has been working in the eMobility industry for the last years, developing unique user interface solutions for last-mile logistics. Robin is a proud part of CityFreighter's initial team, which built the prototype within only 5 months.
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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
ⓘ
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.