Rumble Motors

Rumble Motors

Early Stage

Zero Emission Electric Bikes—Who Said "Fun to Ride" Can't Be Eco-Friendly...

Zero Emission Electric Bikes—Who Said "Fun to Ride" Can't Be Eco-Friendly...

Overview

Raised to Date: Raised: $812,840

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/22/2019

Close Date

01/18/2022

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$12,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,074

# of Investors

2,374

Momentum
Funded
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Year Founded

2019

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Sacramento, California

Business Type

Growth

Company Website

Rumble Motors is raising funds on StartEngine via Equity with a $12 million valuation cap. The team at Rumble Motors is creating eco-friendly electric bicycles. The Swedish/American team differentiates its products with a quick 3-5. hour charging time and 80 mile range. Founder and CEO Reza Khademi began his career building racer motorcycles back in 1977. He has substantial experience in industrial engineering. The minimum investment amount for Rumble Motors is $100 and the minimum target for the round is $10000.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$353,000

$0

COGS

$171,375

$0

Tax

$0

$0

 

 

Net Income

$180,425

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,041

$0

Accounts Receivable

$0

$0

Total Assets

$156,425

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0
Financials as of: 12/22/2019
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Rumble Motors 07/05/2023 StartEngine $17,966,144 $22,981 Equity - Common Funded RegCF
Rumble Motors 01/17/2022 StartEngine $12,000,000 $812,840 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Rumble Motors on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $12,000,000
Price per Share: $10.00

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