Vene Rides

Vene Rides

Join The Electric Revolution

View on Republic
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.

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