eBumps Inc.

eBumps Inc.

eBumps allows the everyday driver to monetize their driving with no additional work needed and brings a new level of outdoor advertising to businesses and individuals.

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Security Type
Common Stock
Min Investment
$114
Location
Princeton, NJ
Offering Date
March 19, 2021
Expected Close Date
May 20, 2021
Target Raise
$10.01K-$1.07M
Deal Notes

Share Price $22.80

Valuation
$19,992,248

Company Description

eBumps has found an intersection of two advertising problems. By allowing vehicles to mount a 21 inch LCD screen on the side of their car, drivers will have the opportunity to be compensated for their everyday driving. eBumps will be something advertisers flock to, as they are now presented with geo-targeted advertising possibilities in the OOH space that allows for ROI tracking among other metrics currently only seen in the digital space.

Key Deal Facts

$500,000 raised to date (less than 1 year)
Five LCD screens are already displayed in Times Square NYC in ‘the heart of the world’ on 46th and Broadway
Deploying 20 additional screens to drivers around NYC who have already signed up and been approved.
100+ drivers signed up to drive in NYC alone
Signed a Letter of Intent with an international investment group who is hoping to help us expand internationally in sections of the Asian Market.
Have received revenue based on Ad Plays on the eBumps system.

Use of Proceeds

Use Value % of Proceeds 

Manufacturing LCD Screens $587,500 (54.9%)

Sales and Marketing $166,440 (15.6%)

Labor Costs of Managers, Executives, Current Engineers $211,183 (19.7%)

Intermediary fees $52,429 (4.9%)

 

Management Team / Advisory Board Bios

Jonah Tuckman
Founder, CEO & President
This is the second startup that Jonah has worked on in a director role and the fifth in his professional career. He, alongside Cole and Corin, founded eBumps in December of 2019 while studying in undergraduate at Vassar College and built it through its first few months in an off-campus house with Corin while also being a full-time student.

George Wong
CTO
George has been working with eBumps since its founding as the lead engineer of the software stack and is actively involved in the system design as its lead software developer. Previously, George helped design and lead pilot 5G mmWave wireless academic research studies into MIMO technologies and has an extensive publication record. He also worked in a high-frequency trade division developing monitoring solutions for a spot trading engine. George has extensive experience in high-performance computing, databases, and distributed systems.

Tim Lozott
CFO
Tim, a US Marine veteran has expertise at the C-Suite, V-Suite, and senior management levels in the real estate, hospitality, consumer packaged goods, digital media, and cannabis sectors. He most recently affected organizational turnaround and took an underperforming and undercapitalized cannabis company to a performing thriving company, the result was taking the company to a successful liquidity acquisition event of $70M, which was just under 9x the capital invested. He has expertise and over two decades of professional experience in finance and operations management within start-ups and global multi-billion-dollar organizations, including experience in capital raising, mergers & acquisitions, investment fund management, and growth strategy development.

Cole Johnson
Founder, and Director of Business Development
Cole works as the director of business development and aids in the long-term direction of the company as a whole. Cole has an extensive network of contacts including, rideshare executives, advertising executives, hedge fund managers, and private equity investors and heads the outreach during fundraising rounds as well as the finding of necessary channels of business relations.

Corin Rose
Founder
This is the second start-up that Corin has worked on. Corin originally began at eBumps at its founding as a founder and CTO at which time he wrote the software and built the hardware for the demo used as a Proof of Concept in the initial funding round in February. After this round as the software team expanded, Corin was in charge of working alongside the engineers building out the software system and overseeing the partners building the hardware. Corin built the demo in totality prior to the initial pre-seed round, both the hardware components and the mobile app mockup. Corin had taken lead on all matters technical and has shaped the technical specifics of the company.

Deal Notes

Share Price $22.80

Amount Raised : $44,118
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Security Description

Common stock is a security that represents ownership in a corporation.

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