Phat Scooters
Hyper-growth electric vehicle company bringing manufacturing back to the USA
Analytics
Raised to Date: $200
Aggregate Commitments $
Wefunder
09/04/2020
12/02/2020
$250,000
$1,070,000
$100
Convertible Note
RegCF
Seed
$25,000,000
15%
Weekly Commitments $
Active
10/21/2020
38
0%
0%
$4
1
Phoenix, AZ
Transportation, Automotive, Aviation, & Aerospace
Hardwaretech
B2B/B2C
Low
High
Phat Scooters, with a $25 million valuation cap, is raising crowdfunding on Wefunder. It is an electric vehicle company bringing manufacturing back to the US. The company sells fat tire scooters to brands, consumers, tour groups, resorts, and golf courses. Phat Scooters has also signed a contract with Sony Entertainment for its documentary series Riding Phat. Peter Johnson and Derrick J Mains founded Phat Scooters 2017 and have raised over $10 million since the founding. The proceeds of the current crowdfunding campaign, with a minimum raise of $250,000 and a maximum raise of $1,070,000, will be used to cover the balances on the first 300 units coming in late August. Phat Scooters is approaching $1 million a month in revenue and reported a 300% growth over the last year.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,747,844 |
$2,163,035 |
|
COGS |
$709,065 |
$857,728 |
|
Tax |
$21,131 |
$0 |
| ||
| ||
|
Net Income |
$-781,843 |
$-364,765 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$36,385 |
$128,245 |
|
Accounts Receivable |
$22,666 |
$46,817 |
|
Total Assets |
$4,662,458 |
$520,040 |
|
Short-Term Debt |
$4,242,455 |
$176,128 |
|
Long-Term Debt |
$527,497 |
$0 |
|
Total Liabilities |
$4,769,952 |
$208,505 |
Ratings
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For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Other Deals
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