CarStart

BETA

"From Roadway to Driveway"

Analytics

Raised to Date: $0

Aggregate Commitments $
Platform

Fundopolis

Start Date

05/07/2020

Close Date

10/13/2020

Min. Goal

$50,000

Max. Goal

$249,999

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Series

Pre-Seed

Weekly Commitments $
Status

Active

Reporting Date

09/20/2020

Days Remaining

20

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Avg. Daily Raise

$0

Momentum
Location

Dallas, TX

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

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

$0

Total Liabilities

$35,000

$44,600

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