Shockwave Motors on Netcapital

At Shockwave Motors we make electric cars cool by providing a high performance, three-wheeled, three-passenger, all-electric roadster that’s convenient, economical, pollution-free, safe, and fun to drive!

Raise to date: $2,782

Reporting Date: 01/22/2020

Key Stats

Minimum Raise

$10,005

Maximum Raise

$107,000

Likelihood of Max Unlikely
Start Date

01/10/2020

Stop Date

02/25/2020

Days Remaining

30

Security Type

Common Stock

Investment Minimum

$107

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

Not Known

% of Minimum Raised

28%

% of Maximum Raised

3%

Dollars Per Day to Reach Max

$3,474

DPD* Committed

$232

DPD* Category

$0

DPD* All Companies

$1,100

Kingscrowd Momentum

$2,782

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Shockwave Motors, with a post-money valuation of $3.75 million, is raising funds on NetCapital. The company makes three-wheeled, three-passenger, high-performance roadsters for electric cars. The Defiant EV3 Roadster of Shockwave Motors is pollution-free and addresses range anxiety and cost issues associated with electric vehicles. Shockwave Motors was founded by John McMillian, Normand Rheault, and Carrie Fair, and the company has remained bootstrapped since its inception. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $107,000, and the funds will be used towards inventory, marketing, material, labor, facility, finalizing legacy CAD, and modifying body molds. Shockwave Motors already has $2.9 in pre-orders with 120 customers on the wait list.

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