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Security Type
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CAFES
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Categories
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Technology, Retail, Entertainment, Travel, Community & Lifestyle
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Min Investment
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$100
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Expected Close Date
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April 30, 2023
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Target Raise
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$100.00K-$1.07M
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No. Investors
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95
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Security Price
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$1
- Number of Employees
- 6
- Cash
- $9,339
- Revenue
- $0
- Short Term Debt
- $31,230
- Cost of Goods
- $0
- Long Term Debt
- $150,000
- Net Income
- $-471,578
Company Description
π Expanding access to the outdoors
πΊοΈ The longest range side by sides on the market
π‘οΈ The most luxurious and durable recreational vehicles
π§ We support the right to repair & customize without voiding your factory warranty
π₯ Partnered with major industry leading brands
πͺ Our team has 100 years of experience
π₯ The UTV market is growing 8% annually with the electric UTV market growing twice that speed
π΄ Successfully taking reservation deposits
Key Deal Facts
π Expanding access to the outdoors
πΊοΈ The longest range side by sides on the market
π‘οΈ The most luxurious and durable recreational vehicles
π§ We support the right to repair & customize without voiding your factory warranty
π₯ Partnered with major industry leading brands
πͺ Our team has 100 years of experience
π₯ The UTV market is growing 8% annually with the electric UTV market growing twice that speed
π΄ Successfully taking reservation deposits
Management Team / Advisory Board Bios
Ari Kronish FounderMotorsports enthusiast from birth, Serial Entrepreneur, studied Automotive Technology and Mechanical Engineering. Strong ability to find well known, professional, and highly knowledgeable partners., Steve Jennes Chief DesignerOver 30 years of experience as an Automotive Designer and CAD modeler with a successful track record of concept and production product and industrial design., Sean Heberling Chief Financial Officer ConsultantSean has over 20 years of experience in finance management. After a career in hedge funds, he worked with over a dozen early-stage companies and focuses specifically on fundraising, strategy, and financial projections., Whitney Johnson Chief Communications OfficerLifelong outdoor enthusiast and a graduate of Michigan Technological University with a degree in Scientific and Technical Communication., Matthew Krause Lead Mechanical EngineerMotorsport and outdoor enthusiast, and graduate of Michigan Technological University with a degree in Mechanical Engineering Technologies
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β
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
β
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
β
The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.