Vehiko

🔥 Disrupting and reinventing the business model for selling new cars! 🚀

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Security Type
CAFES
Categories
Technology, Financial Services
Min Investment
$100
Location
Darien, CT
Expected Close Date
April 30, 2023
Target Raise
$150.00K-$1.07M
Security Price
$1
Website
demo.vehiko.com
Number of Employees
5
Cash
$859
Revenue
$11
Short Term Debt
$1,764
Cost of Goods
$0
Long Term Debt
$48,248
Net Income
$-16,958

Company Description

📈 Market Size: $13.29 billion of automotive digital ad spending in the US in 2021
💹 Market Size: The automotive software market is anticipated to reach $13.6 billion by 2024.
🚀 SaaS solution and marketplace shaping the future way people will buy new cars!
💸 A sales automation software to increase new car dealerships' sales pipeline!
⚡ Vehiko is a marketplace and web integration tool with “AI functionalities”
🔥 Vehiko uses artificial intelligence and machine learning to improve user experiences.
🏆 Vehiko's founder is an entrepreneur with decades of experience.

Key Deal Facts

📈 Market Size: $13.29 billion of automotive digital ad spending in the US in 2021
💹 Market Size: The automotive software market is anticipated to reach $13.6 billion by 2024.
🚀 SaaS solution and marketplace shaping the future way people will buy new cars!
💸 A sales automation software to increase new car dealerships' sales pipeline!
⚡ Vehiko is a marketplace and web integration tool with “AI functionalities”
🔥 Vehiko uses artificial intelligence and machine learning to improve user experiences.
🏆 Vehiko's founder is an entrepreneur with decades of experience.

Use of Proceeds


$150,000
10% R&D, 10% Key Hires, 5% Working Capital & Contingency, 67.5% Dealer Group Sales & User Acquisition, 7.5% toward Wefunder fees





$1,070,000
10% R&D, 8% Key Hires, 3% Working Capital & Contingency, 71.5% Dealer Group Sales & User Acquisition, 7.5% toward Wefunder fees



Amount Raised : $93,410
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Valuation

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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