Revolutionary drivetrain platform for bikes and e-bikesBicycle drivetrains have remained unchanged for over 100 years. Specifically, today's mechanical design of the exposed dirty chain snaking through pulleys is exactly the same technique used in the 1920's. Some may view this as an 'If it ain't broke don't fix it' approach. But cyclists have been begging for a fix; a way out of the 1920s. Enter Driven.The Driven development program was initiated in 2017 as a collaboration between CeramicSpeed and the University of Colorado Mechanical Engineering Department. The original design intention w...
- Min investment
- Amount raised
- Days Left
- Security Type
A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.
- April 27, 2021
- July 10, 2021
- Valuation Cap
- Deal Structure
Interest rate: 5.0% Note term: 24 months
CrowdLustro Research Report
Use of Proceeds
If minimum amount is raised: product development, manufacturing, sales/marketing and G&A
If maximum amount is raised: product development, manufacturing, sales/marketing and G&A
Jason is responsible for the R&D of the Driven System. Post financing, he will transition solely to the CEO & CTO of the Driven Technologies. Jason has a BS in Materials and Science & Engineering, with a focus in Mechanical Ceramics, from the Pennsylvania State University.
No reports have been submittedBecome a Reporter