Boaz Bikes

A Safer Micro-Mobility Solution

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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.

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.

Security Description

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

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