Vene Rides

Vene Rides

Join The Electric Revolution

View on Republic
Security Type
Crowd SAFE
Min Investment
Miami Beach, FL
Offering Date
October 20, 2021
Expected Close Date
February 10, 2022
Amount Raised
No. Investors
Security Price

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.

Research Reports

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