Your On Demand Electric Vehicle Network

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Security Type
Technology, Infrastructure, Travel, Retail, Service Businesses, Transportation & Storage
Min Investment
Bronx, NY
Offering Date
September 30, 2021
Expected Close Date
April 30, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

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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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
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The progress made thus far in demonstrating that the business has viability, a customer base or other 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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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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