Amount Raised:
$82,773
- Security Type
- Common Stock
- Categories
- Technology, Transportation
- Min Investment
- $248
- Location
-
Detroit, MI
- Offering Date
- February 23, 2022
- Expected Close Date
- January 30, 2023
- Target Raise
- $10.00K-$3.80M
- No. Investors
- 162
- Security Price
- $1.94
- Valuation
- $19,480,046
- Website
- boazbikes.com
- Number of Employees
- 30
- Cash
- $106,767
- Revenue
- $576,970
- Short Term Debt
- $0
- Cost of Goods
- $223,799
- Long Term Debt
- $673,367
- Net Income
- $97,031
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.
Perks
StartEngine OWNERS Exclusive Click here to learn more
$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.
2
days
14
hours
5
mins
40
secs
$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.
$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.
2
days
14
hours
5
mins
40
secs
$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.
Amount Raised:
$82,773
Security Description
Common stock is a security that represents ownership in a corporation.