Boaz Bikes

A Safer Micro-Mobility Solution

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Security Type
Convertible Note
Technology, Transportation & Storage, Other, Consumer Goods & Products, Retail, Community & Lifestyle
Min Investment
Detroit, MI
Offering Date
February 23, 2022
Expected Close Date
April 29, 2024
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Company Description

Boaz Bikes is a Black-owned and Woman-owned micro-mobility company with a strong focus on community. As the first mover in the sit-down shared scooter market, Boaz has developed a safer and more cost-efficient way to move people around while helping solve the first and last mile problem.


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$250+ 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.

Friends and Family
Invest within the first 72 hours and receive 25% Bonus Shares.





$500+ Investment
Tier 1 | $500
Invest $500 and receive a free "investing is the new normal" T-Shirt.

$1,000+ Investment
Tier 2 | $1,000
Invest $1,000 and receive Tier 1+ a $100 credit off future rides.

$2,000+ Investment
Tier 3 | $2,000
Invest $2,000 and receive Tier 2 + your name in credits on our "thank you page."

$5,000+ Investment
Tier 4 | $5,000
Invest $5,000 and receive Tier 3 + free rides all year.

$10,000+ Investment
Tier 5 | $10,000
Invest $10,000 and receive Tier 4 + virtual meet and greet with the entire team & tour of our facility.

$20,000+ Investment
Tier 6 | $20,000
Invest $20,000 and receive Tier 4 + a free scooter.

Key Deal Facts

In the summer of 2021, our revenue per ride passed that of Bird & Lime by a multiple of 2.5x. By EOY, our year-over-year revenue grew 319%.

Sit-down scooters are significantly safer (6.3x*) and more cost efficient (2.9x**) than stand-up scooters. Boaz has had zero reported accidents for 100,000 rides.

Boaz is Black-founded, Black-owned, and Woman-owned; the company is committed to changing transportation and elevating community through generational wealth.

Management Team / Advisory Board Bios

Cory Smith


MBA in finance from Wharton. Helped lead SportsRecruits to their 1st year of profitability. Helped startups raise millions in seed funding. Ran financials for a health care company with over $9 Billion in revenue.

Tim Holmgren


20 years+ of experience in the technology sector. Prior Chief Technology Officer at and Senior Director of Digital Production at Burson Marsteller/Y&R. Won 2008 Rhode Island Business Plan Competition for

Shauna Armitage

Head of Marketing (Part-Time)

Helped companies achieve results such as a 400% increase in website conversions and a 220% growth in sales. Hubspot Certified professional with a certificate in Women’s Entrepreneurship from Cornell University.
Shauna is a contractor and works with Boaz Bikes part-time.
Amount Raised : $166,464
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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
The value of the company compared to similar companies raising money from investors.

Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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