This company is no longer in business. Investors can get details about any potential exits or failures here.
Bolt Mobility Corporation
Growth Stage
Enabling Micromobility
Overview
Raised: $131,940
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/05/2020
Close Date
02/23/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$300
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$2.50
Pre-Money Valuation
$51,400,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,210
# of Investors
206
Momentum
Funded
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Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Bolt Mobility, with a pre-money valuation of $51.4 million, is raising funds on StartEngine. The company provides sustainable transportation solutions to people and organizations across the world. The product suite of the micro mobility company includes electric scooters and bikes that are made by world-famous designers to maximize their efficiency. Usain Bolt and Kamyar Kaviani founded Bolt Mobility in 2018. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the funds will be used to expand and grow, widen the global network, and improve the lives of millions. Bolt Mobility has already raised over $30 million since its inception and plans to offer a full suite of tools for micro mobility.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,637,423 |
$89,290 |
|
COGS |
$7,829,223 |
$120,269 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-18,868,601 |
$-1,761,396 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$207,818 |
$769,736 |
|
Accounts Receivable |
$47,629 |
$346,110 |
|
Total Assets |
$4,947,873 |
$3,803,371 |
|
Short-Term Debt |
$3,191,438 |
$460,414 |
|
Long-Term Debt |
$11,635,204 |
$0 |
|
Total Liabilities |
$14,826,642 |
$460,414 |
Financials as of: 11/05/2020
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