Driven Technologies

Revolutionary drivetrain platform for bikes and e-bikes

Analytics

Raised to Date:
$267,082 - RegCF
$906,782 - Total
Aggregate Commitments $
Platform

SeedInvest

Start Date

04/27/2021

Close Date

07/10/2021

Min. Goal

$25,000

Max. Goal

$1,000,000

Min. Investment

$1,000

Security Type

Convertible Note

Funding Type

RegCF / RegD 506(C)

Series

Pre-Seed

Valuation Cap

$3,300,000

Discount Rate

20%

Rolling Commitments $
Status

Active

Reporting Date

05/12/2021

Days Remaining

56

% of Min. Goal

1,068%

% of Max. Goal

27%

Likelihood of Max
likely
Avg. Daily Raise

$17,805

Momentum
warm
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Location

Boulder, Colorado

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

AutomationTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Driven Technologies, with a valuation cap of $3.3 million, is raising funds on SeedInvest. The company has built a patented and award-winning replacement for greasy bike chains with its Driven bike drivetrain sets. The Driven System is simple, affordable, visually stunning, and mechanically and aerodynamically efficient. Jason Smith founded Driven Technologies in November 2020. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,000,000, and the proceeds will be used for product development, sales and marketing, manufacturing, and G&A. Driven Technologies has multiple granted and pending patents in the US, Asia, and Europe, and received the Innovation Award at EuroBike 2018.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,483

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$2,917

$0

Accounts Receivable

$0

$0

Total Assets

$2,917

$0

Short-Term Debt

$5,300

$0

Long-Term Debt

$0

$0

Total Liabilities

$5,300

$0

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