Boomerang Bike

Your Bike is Freedom Don't Lose it.

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Security Type
Common Stock
Categories
Technology
Min Investment
$200
Location
SUNNYVALE, CA
Offering Date
January 17, 2022
Expected Close Date
October 20, 2022
Target Raise
$10.00K-$1.07M
No. Investors
73
Security Price
$0.33
Valuation
$15,800,000
Website
boomerangbike.com
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

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.
Amount Raised : $39,786
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Business Idea
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Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

Common stock is a security that represents ownership in a corporation.

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