- Security Type
- Crowd SAFE
- Industry
- Tech
- Min Investment
- $100
- Location
-
Miami Beach, FL
- Offering Date
- October 20, 2021
- Expected Close Date
- February 10, 2022
- Amount Raised
- $10,100
- No. Investors
- 29
- Security Price
- $1
Key Deal Facts
Addressing the $43B electric bike and scooter market
Sales, subscriptions, and service for electric bikes and scooters
Executive team with expertise in micromobility
Bootstrapped to date—lean and profitable
$50K per month revenue from first store in Miami Beach as of Feb 2021
$600K projected sales 2021
Planning for growth on a national scale
Security Description
An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.