Shockwave Motors

Shockwave Motors

Early Stage

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!

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!

Overview

Raised to Date: Raised: $35,096

Total Commitments ($USD)

Platform

Netcapital

Start Date

01/09/2020

Close Date

11/20/2020

Min. Goal
$10,005
Max. Goal
$107,000
Min. Investment

$107

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$53.50

Pre-Money Valuation

$3,745,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2020

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

$111

Momentum
Funded
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Year Founded

2014

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Russellville, Tennessee

Business Type

Life Style

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-5,261

$-15,791

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$452

$256

Accounts Receivable

$0

$0

Total Assets

$309,429

$309,233

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 01/09/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Shockwave Motors 08/24/2024 Title3Funds $5,350,000 - Equity - Common Active RegCF
Shockwave Motors 11/19/2020 Netcapital $3,745,000 $35,096 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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Shockwave Motors on Netcapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $3,745,000
Price per Share: $53.50

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