CarStart
"From Roadway to Driveway"
Overview
Raised: $0
Total Commitments ($USD)
Platform
Fundopolis
Start Date
05/06/2020
Close Date
11/18/2020
Min. Goal
$50,000
Max. Goal
$249,999
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/17/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2017
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
CarStart, a new mobile platform to purchase roadside assistance, is raising funds on Fundopolis. The new mobile application allows users to buy automotive protection plans, order service or repair, and roadside assistance plans from the convenience of their homes or offices. Once the user requests for the service and makes the payment, trained specialists are dispatched to provide the services at any brick and mortar location. CarStart was founded by Kyle Patton in 2017, and the app was launched in 2020. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $107,000, and the funds will be used to gain traction, grow, and expand. CarStart is currently launching in the Dallas/Fort Worth market, with plans to expand the business model to other markets. The company does not charge any subscriptions or monthly fees.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$68,703 |
$47,806 |
|
COGS |
$14,457 |
$10,111 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$16,246 |
$9,877 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$21,000 |
$46,233 |
|
Accounts Receivable |
$0 |
$3,488 |
|
Total Assets |
$82,000 |
$50,000 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$35,000 |
$44,600 |
|
Total Liabilities |
$35,000 |
$44,600 |
Financials as of: 05/06/2020
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