Scooterson

Intelligent scooters from the future

Analytics

Raised to Date: $402,400

Aggregate Commitments $
Platform

Republic

Start Date

12/15/2020

Close Date

03/21/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$19,000,000

Discount Rate

0%

Rolling Commitments $
Status
Funded
Reporting Date

03/31/2021

Days Remaining
Funded
% of Min. Goal

1,610%

% of Max. Goal

38%

Likelihood of Max
Funded
Avg. Daily Raise

$4,192

# of Investors

1,100

Momentum
Funded
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Location

San Francisco, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

Scooterson, with a $19 million valuation cap, is raising funds on Republic. The company has created a line of energy-efficient, intelligent, and easy scooters that can be controlled entirely from smartphones. The scooters are manufactured using the highest quality materials, components, and standards. Mihnea de Vries and Deepansh Jain founded Scooterson in 2016 and have raised over $2.8 million since its inception. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the proceeds will be used towards production costs, product launch campaign, and marketing expenses. Scooterson reported $1.1 million in pre-sales from July to October 2020 and expects to reach $25 million in revenues by the end of 2021.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-954,050

$-919,672

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$60,089

$268,437

Accounts Receivable

$0

$0

Total Assets

$78,850

$370,301

Short-Term Debt

$50,363

$2,764

Long-Term Debt

$0

$0

Total Liabilities

$50,363

$2,764

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