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Security Type
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Debt
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Categories
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Technology, Automotive, Financial Services, Transportation & Storage
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Min Investment
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$250
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Offering Date
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August 21, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$100.00K-$5.00M
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No. Investors
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725
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Security Price
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$1
- Number of Employees
- 15
- Cash
- $1,642,129
- Revenue
- $0
- Short Term Debt
- $1,962,846
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-251,590
Company Description
At Beno, our mission is to build desirable electric mobility solutions by combining beautiful aesthetics with innovative technology. Most e-bikes today look and feel the same, with little to differentiate their appearance from traditional bicycles. We believe that the bikes of the future have to look like the bikes of the future.
Key Deal Facts
$5.5M+ in orders in just 9 months
$7M+ orders committed by distributors for Q1 / Q2 2022
Featured in Yahoo, Uncrate, Designboom, Gizmodo, and many, many more
10 patents pending
Positioned at the forefront of innovation in the $40B e-bike market
Skyrocketing e-bike sales worldwide
Pipeline includes new product lines and aggressive global expansion
Management Team / Advisory Board Bios
Alec Lim, CEO
5+ years previous experience in Keysight, a $5.5B revenue company.
Ivan Chew, Ph.D., CTO
2 patents, 4 publications, and 5+ years previous experience in OSRAM, a $4b revenue company
Andrew Ooi, CFO
Co-founded 4 startups. 10+ years industry experience in Agilent, a $5b revenue company.
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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
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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
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.