Joulez

Your On Demand Electric Vehicle Network

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Security Type
CAFES
Categories
Technology, Infrastructure, Travel, Retail, Service Businesses, Transportation & Storage
Min Investment
$250
Location
Bronx, NY
Offering Date
September 30, 2021
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$4.39M
No. Investors
71
Security Price
$1
Valuation
$20,000,000
Website
drivejoulez.com
Number of Employees
1
Cash
$35,792
Revenue
$8,382
Short Term Debt
$15,805
Cost of Goods
$1,163
Long Term Debt
$105,666
Net Income
$-43,106

Company Description

Joulez is an electric vehicle (EV) rental company aimed at revolutionizing the rental car industry and laying the groundwork for an ecosystem built around supporting EVs.

Key Deal Facts

The rental car market is expected to reach $214 billion by 2027 and as Millennials and GenZ become the largest consumer demographic in the US, the demand for green services like EV rentals only continues to grow.
The resale value of EVs has outperformed the resale value of traditional gas-powered cars, and Joulez anticipates this trend to continue, providing a steady financing mechanism to support expanded operations.
The founding team at Joulez previously launched Bytemark, the leading mobile software platform provider for mass transit, which is now owned by Siemens.
Amount Raised : $122,645
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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.

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