Boomerang Bike
Your Bike is Freedom Don't Lose it.
- Security Type
- Common Stock
- Categories
- Technology
- Min Investment
- $200
- Location
-
SUNNYVALE, CA
- Offering Date
- January 17, 2022
- Expected Close Date
- October 20, 2022
- Amount Raised
- $39,786
- Target Raise
- $10K-$1M
- No. Investors
- 73
- Security Price
- $0.33
- Valuation
- $15,800,000
- Number of Employees
- 8
- Cash
- $6,307
- Revenue
- $192,161
- Short Term Debt
- $392,876
- Cost of Goods
- $234,652
- Long Term Debt
- $52,974
- Net Income
- $-482,826
Company Description
The Boomerang CycloTrac is a GPS bike security system based on IoT technology to prevent bike theft.
Perks
StartEngine OWNERS Exclusive Click here to learn more
$199+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+ Investment
$500+ Perk
Invest and receive 50% Product Discount
$1,000+ Investment
$1,000+ Perk
Invest and receive Free Boomerang Cyclotrac - including one year of data
$2,500+ Investment
$2,500+ Perk
Invest and receive additional 10% bonus shares
$5,000+ Investment
$5,000+ Perk
Invest and receive additional 15% bonus shares
$10,000+ Investment
$10,000+ Perk
Invest and receive additional 20% bonus shares
$199+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+ Investment
$500+ Perk
Invest and receive 50% Product Discount
$1,000+ Investment
$1,000+ Perk
Invest and receive Free Boomerang Cyclotrac - including one year of data
$2,500+ Investment
$2,500+ Perk
Invest and receive additional 10% bonus shares
$5,000+ Investment
$5,000+ Perk
Invest and receive additional 15% bonus shares
$10,000+ Investment
$10,000+ Perk
Invest and receive additional 20% bonus shares
Key Deal Facts
The Macro Trends are positive: Our largest bike segment, e-bike, grew 145% from 2019 to 2020. Roughly 500,000 e-bikes were sold in 2020.
Customers are with us for the long run: We have 3000 loyal customers who support our solution and pay us a monthly subscription.
A team you can trust: We have a solid team and experienced investors including Netgear.
Security Description
Common stock is a security that represents ownership in a corporation.