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Security Type
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Equity
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Categories
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Travel
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Min Investment
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$250
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Location
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Santa Barbara, CA
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Offering Date
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September 07, 2018
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Expected Close Date
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December 08, 2018
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Target Raise
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$10.00K-$1.07M
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Deal Notes
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- Type of Security Offered: Common Stock
- Purchase Price of Security Offered: $10.00 per share
- Minimum Investment Amount (per investor): $250 per investor
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Valuation
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$5,000,000
Company Description
CityFreighter is a clean-tech startup with team members in the US, Europe, and Asia. We are developing smart, light-duty (Class 1-3) commercial electric vehicles for the "last mile," combined with intelligent front- & back-end integration with our customers’ value chains to meet the needs and challenges of urban logistics in the future.
Perks
If we reach a minimum of $250,000 all investors are eligible for the following: 2 Investors will be randomly selected and will receive a personal invite to the public unveiling event of the CF1 prototype in California, including airfare and luxury accommodation. You will meet the team and will have a dinner with the founders. And, a full test-drive. All initial investors in Cityfreighter will receive VIP status and will be invited to every public event (transportation, accommodation, food not included) 1 Entry for every 100 shares purchases, winners will be selected within 30 days of completion of fundraising, offer excludes family and friends of Cityfreighter employees, the CF1 prototype is expected to be unveiled on or before January 2019
PERK ADVANTAGE 1 $5,000+ Investment - You will be invited to visit our factory in California and to meet the real people behind Cityfreighter (transportation and accommodation not included). Well, you will be also invited for lunch at In N' Out Burger :)
PERK ADVANTAGE 2 $10,000+ Investment - You will receive a personal invite to a dinner with the founders. Location and time need to be mutually agreed on (transportation and accommodation not included).
Key Deal Facts
Drive-able with a basic driver’s license
Up to 2300 kg/ 5070 lbs payload,
Class 3 light duty truck
Up to 20m³/706 cf³ cargo volume
100 miles range with basic battery
Add-on Clean energy provided by solar power
Basic price below $50,000
Optional "Battery Select" upgrade (at purchase or later)
Optional "fast charging"
Regenerative braking
Remote operations with mobile app
Use of Proceeds
- Working Capital ($300,000)
- Marketing ($100,000)
- Legal Fees ($22,000)
- Diverse ($41,000)
Management Team / Advisory Board Bios
Michael Schoening
Founder, Director and President
Entrepreneur for life. Business Developer. Michael has over 30 years of product development experience. Before starting Cityfreighter, Michael served as president for Enblue Technology USA, Inc., a mobile devices accessories company, from 2015 until August 2018. He's currently the President of Cityfreighter Inc. from inception in June 2018 to present, working full time.
Joe Storment
Co-Founder, COO and Director
Joe runs US Infrastructure development at Cityfreighter Inc. from inception in June 2018 to present working full time for the company. He has also been a private investor from 2008 to present.
Deal Notes
- Type of Security Offered: Common Stock
- Purchase Price of Security Offered: $10.00 per share
- Minimum Investment Amount (per investor): $250 per investor