Shockwave Motors

Neutral
BETA

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!

Analytics

Raised to Date: $14,552

Aggregate Commitments $
Platform

Netcapital

Start Date

01/10/2020

Close Date

10/28/2020

Min. Goal

$10,005

Max. Goal

$107,000

Min. Investment

$107

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$3,745,000

Weekly Commitments $
Status

Active

Reporting Date

10/25/2020

Days Remaining

1

% of Min. Goal

145%

% of Max. Goal

14%

Likelihood of Max
Avg. Daily Raise

$50

Momentum
Location
Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

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

Ratings

last updated 10/27/2020

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