Shyft Auto

Neutral
BETA

SaaS platform that enables automotive repair shops to offer contactless service

Analytics

Raised to Date: $10,875

Aggregate Commitments $
Platform

Republic

Start Date

10/26/2020

Close Date

01/29/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$150

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$6,000,000

Discount Rate

0%

Weekly Commitments $
Status

Active

Reporting Date

01/24/2021

Days Remaining

3

% of Min. Goal

44%

% of Max. Goal

1%

Likelihood of Max
Avg. Daily Raise

$121

# of Investors

32

Momentum
Location

Winston-Salem, North Carolina

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

Shyft Auto, with a $6 million valuation cap, is raising crowdfunding on Republic. It is a SaaS platform that allows automotive repair shops to offer contactless service to their customers, especially during COVID-19. The service connects consumers with repair shops for a frictionless experience and saves time. The platform can also be used to facilitate pickup and return appointments. David Marcus Aman, Peter Seymour, and Matthew Blackmon founded Shyft Auto in April 2020 and has raised over $600,000 since its inception. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used for new hires, marketing, development, and operating expenses. Shyft Auto has over 18 signed contracts and has generated $10,000 monthly recurring revenue since its launch.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-7,439

$-2,115

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$103,717

$-1,732

Accounts Receivable

$0

$0

Total Assets

$339,584

$124,923

Short-Term Debt

$0

$127,038

Long-Term Debt

$0

$0

Total Liabilities

$0

$127,038

Ratings

last updated 01/26/2021

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Analyst Report

Neutral
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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