Your browser is old and is not supported. Upgrade for better security.
Wefunder logo

Boaz Bikes

Sustainable Mobility: Shared Scooters & Shuttles with a Commitment to Safety and the Environment

Last Funded September 2021


raised from 4,003 investors
Pitch Video
Investor Panel


Market Potential: Thriving micromobility sector. (Boaz currently holds eight permits)
🤔 Secured $150K from HS Equity VC fund at the same terms as the current Crowdfund round.
Safety Focus: Innovative solutions, mitigate risks. (Over 250,000 rides with 0 reported accidents)
Growth & Expansion: Exciting plans ahead. (Over $1.5M revenue to date)
🧑‍‍Black-Founded and Female-Founded Business focused on increasing equity for our communities
Detailed expansion plan to get to $22.5M in revenue in 2024 with proper funding (see below)
🤩All-Star team team with big wins in the micro-mobility industry

Our Team

The last 5+ years in the transportation industry has taught our team a lot. The world is shifting towards smart cities and Boaz wants to be a part of the shift. The avg car ride in a downtown city is less than 15 mins/2 miles. Uber would cost ~$8 while Boaz would cost ~$3.25. We've developed a more cost efficient & safer way to move people around.

How does Cash-Flow positive sound?

Picture this: It's 2022, and against all odds, we achieved something extraordinary. With $750,000 in revenue, we not only broke even but showcased a sustainable and profitable business model. Let's contrast that with the industry giant Bird, raking in $200M in revenue while suffering staggering losses of $300M. We've cracked the code for success, and we're ready to take it to the next level.

Back in 2018, driven by a passion for safety, we embarked on a journey to revolutionize the scooter industry. We were pioneers in introducing battery swap technology, a game-changer that has since been adopted by major players—five years later! Additionally, we boldly introduced sit-down scooters to the shared market, now inspiring a wave of imitators.

While our competitors focused on expanding rapidly and capturing market share, fueled by hefty funding, our own resource constraints led us down a different path—one that forced us to create a sustainable business model, operating with utmost efficiency. We invested our energy in perfecting our operations and developing cutting-edge technology, empowering our team members to excel in running our markets.

Our story is not just about surviving; it's about thriving against the odds, delivering results while staying true to our principles. We've demonstrated resilience, foresight, and a relentless commitment to building the best. Now, as we set our sights on scaling our operations, we invite you to join us on this thrilling journey of unprecedented success. Together, let's redefine the future of micromobility.

(put a new graph below that better shows data)

(add info on the expansion of the two new markets)

Boaz is a good choice for your dollars.

Besides wanting to change the world and leave it better, our founding team collectively has more than 20 years in the transportation industry.

Boaz is a Black-Founded and Female-Founded business with Emil Nnani and Christiana Winfrey both having built ride-share companies from the ground up before Boaz. Winfrey also helped Uber grow into a Multi-Billion dollar business. One of our early investors is also an early investor in Lime scooters, so you can be confident that the best minds in the industry believe in what we're building.

(fix these projections to match the deck and new expansion plan)

The company is projected to do $150K in monthly revenue in May, $250K in June (as the weather warms up), and $750K in July (w/ the deployment of our new fleet into 2 new markets!)

Our current valuation is only 3.5x our projected Annual Revenue for 2021 (~$10.4M) while an overseas competitor just raised at a 14x multiple of yearly revenue.

Boaz Bikes holds a distinct advantage. With a strong cash flow and a clear path to net profitability in 2023, our company stands in a league of its own. Unlike many others, we are not reliant on venture capital funding to fuel our growth. Instead, we prioritize organic expansion, harnessing the power of our cash flow until the timing is just right. Rest assured, we are charting a sustainable course towards success.

The scooter game is changing, which is why we’ve designed a bike like nothing you’ve ever seen before. Safety is our #1 priority and a Boaz Bike has features you can’t find anywhere else.

(change this graph to what we've done so far with the money)

Our first WeFunder allowed us to increase our Detroit fleet and launch our secret Dallas pilot, but there’s more work to be done. With our applications being approved in cities across the country, we’re positioned to move and grow fast with your help.

This round of funding helps us send our new Model 3 vehicle into production and will allow us to order 2000+ new vehicles to expand into more cities and bring on at least 5-10 owner operators who desire to bring Boaz to their city. This round of funding will help us to $3M+ in monthly revenue before the end of 2021, which positions us to raise a Series A round at a higher valuation this year.

(share your thoughts on how you want to deliver a unicorn to the crowdfund industry)

The world is changing and we’re more than up for the challenge. Boaz Bikes has put many new practices in place to ensure the health of our staff and our riders.

Boaz Bikes is revolutionary in the micro-mobility space and we want to take you along for the ride. Are you ready to grow with us? You can invest today with as little as $250. This will be your last chance to own a piece of Boaz Bikes.

We are aiming to build the first crowdfunded unicorn so time is precious. If you have questions, please send us an email at [email protected]

(redo this video to show your actual plan of expansion)