{"data":{"type":"company_profile","id":63372,"entity_id":"wefunder:company:63372","attributes":{"canonical_url":"https://wefunder.com/boaz.bike","generated_at":"2026-06-16T05:03:37Z","updated_at":"2026-06-16T05:02:25Z","entity_ids":{"company":"wefunder:company:63372","slug":"wefunder:company_slug:boaz.bike"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-16T05:03:37Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-16T05:02:25Z","as_of":"2026-06-16T05:03:37Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-16T05:02:25Z","as_of":"2026-06-16T05:03:37Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2026-05-22T13:41:28Z","as_of":"2026-06-16T05:03:37Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2026-05-22T13:41:28Z","as_of":"2026-06-16T05:03:37Z","confidence":"medium"}}},"company":{"id":63372,"entity_id":"wefunder:company:63372","slug":"boaz.bike","name":"Boaz Bikes","tagline":"Revolutionizing Urban Mobility with Safe, Sustainable Transportation.","elevator_pitch":"Electric scooter sharing company focused on safety. We cut operational expenses by 80% compared to competitors. We've significantly cut down time and cost with our ability to swap out dead batteries in less than one minute, compared to transporting scooters to secondary charging location. We inspect and monitor vehicles throughout the day, providing the highest quality shared vehicle on the market with our state of the art scooter design. Above all else, safety is our focus and differentiator.","story":"🚨 THE MICROMOBILITY CRISIS: Why the Industry is Failing 🚨Micromobility was supposed to be the future of urban transportation—but today, the industry is failing.❌ Safety is an afterthought—most scooters are designed for speed, not stability, leading to injuries and distrust.❌ Underserved communities are ignored—big operators focus on wealthy downtown areas, leaving the people who need transportation most without access.❌ High operational costs kill profitability—companies burn through cash trying to maintain fleets, leading to shutdowns and bankruptcies.Major players like Bird and Lime have raised billions, yet they still struggle to turn a profit. The industry isn’t broken because people don’t want scooters—it’s broken because it was built the wrong way.🔄 REDEFINING MICROMOBILITY: THE BOAZ SOLUTION 🔄At Boaz Bikes, we didn’t just tweak the existing model—we redesigned micromobility from the ground up. Our approach is safer, smarter, and built for long-term success.✅ A Safer Scooter, Designed for Real RidersOur competitors prioritize speed over safety, but at Boaz, we engineer our scooters to protect riders.🔹 Seated Design for Stability – Unlike traditional standing scooters, Boaz Bikes feature a seat and an open-frame design, making them more comfortable, stable, and safer for all users—especially women and older riders. Lowering the center of gravity reduces the impact in rare cases of accidents.🔹 Bigger Wheels, Smoother Ride – Small scooter wheels struggle with potholes and uneven pavement, a major cause of accidents. Our larger, more durable tires provide better grip and control.🔹 Turn Signals \u0026amp; Side Mirrors – We’re one of the only micromobility companies to prioritize visibility. With built-in turn signals and mirrors, riders can navigate safely in traffic.🔹 Smart Speed Control – Using geofencing technology, we can automatically reduce speed in high-foot-traffic areas to prevent reckless riding and increase pedestrian safety.We don’t just sell safety as a feature—we’ve built it into our DNA.✅ Micromobility Where It’s Actually NeededMost scooter companies only operate in dense urban centers where tourists and one-time riders drive their revenue. We do things differently.🚀 Boaz serves small-to-midsize cities and underserved communities where reliable transportation is hard to find.🚀 40% of our riders are women, and over 50% are between ages 29-54—a demographic that traditional scooter companies have failed to serve.🚀 We provide affordable subscription models, making Boaz a true alternative to cars and expensive rideshares.Instead of competing for the same overcrowded downtowns, we’ve built a profitable model in markets that others ignore.✅ A Business Model That Actually WorksMicromobility companies are collapsing under the weight of high fleet costs and unsustainable operations. Boaz has a better way.💰 Cost-Effective Fleet Management – Our scooters are designed with easy-to-replace components, reducing repair downtime and lowering maintenance costs.💰 Franchise Model for Rapid Expansion – Instead of requiring massive upfront capital, franchise partners purchase and maintain their own fleets, while Boaz earns 10% of their revenue.💰 Multi-Modal Micromobility – We’re launching shared shuttles to solve first-mile/last-mile transit gaps, creating more ways for riders to rely on Boaz for daily commutes.This isn’t just about fixing what’s broken—Boaz is building a new industry standard.With safer scooters, a smarter business model, and an expansion strategy focused on real transportation needs, Boaz Bikes is redefining what micromobility should be.👥 Meet the Team: Over 25 Years of Combined Micromobility ExperienceBoaz Bikes isn’t just another startup—we’re built by industry veterans with deep expertise in shared mobility.🚀 Founded in 2018, we’ve been at the forefront of micromobility innovation for six years, refining our model and technology to create a profitable, scalable business.🚀 Our leadership team has over 25 years of combined experience, with most of us having worked together since Boaz’s inception.🚀 We’ve not only survived the ups and downs of the industry, but we’ve also pioneered game-changing technology that even the biggest players have adopted.With a battle-tested team and a proven model, Boaz is primed for growth.💰 The Boaz Track Record: $2M+ Revenue \u0026amp; GrowingInvesting in Boaz isn’t speculation—it’s backing a company with real traction and a history of revenue.📊 Since launch, we’ve generated over $2M in total revenue despite operating with limited capital and vehicles.📊 Even with a minimal fleet, Boaz still generated nearly $400K in 2024, losing just $20K—a fraction of what larger operators burn through.📊 The reason for our revenue fluctuations isn’t demand—it’s fleet availability. As our bikes have aged, our revenue has naturally declined.📢 This is not a leap of faith—Boaz has already proven itself. More bikes = more revenue. It’s that simple.📢Here’s what happens when we restore and expand our fleet: • Refurbishing just 750 bikes by May 2025 will increase our fleet size by over 500%, allowing us to generate consistent revenue without relying on outside funding. Projected Revenue Growth: • 2025 – $1.7M • 2026 – $4.7M • 2027 – $19M • 2028 – $108MBy scaling our fleet and onboarding franchise partners, we’re positioned for exponential growth over the next few years.🔄 A Safe \u0026amp; Strategic Investment: High-Return Revenue ShareWe know investors want security and profitability, which is why we’re offering an exclusive revenue-sharing model:✅ The first $50K invested receives 3X payback from 5% of Boaz’s gross revenue (paid quarterly).✅ Investments beyond that receive 1.5X payback, ensuring long-term returns as we scale.✅ If we don’t raise at least $50K, all pledges are refunded.This model gives investors real upside and immediate returns, backed by a company with six years of revenue history.📈 Investment Payback Timeline \u0026amp; ReturnsAll investments are expected to be fully repaid by Q3 2027, ensuring a fast and predictable return: • First $50K investment (2x return) • Next $200K investment (1.5x return) With quarterly payouts starting in Q3 2025, investors will receive steady returns, with full repayment completed within just two years.📈 A $6 Billion Market – Positioned for Explosive GrowthThe micromobility industry is set to grow from $1B+ in 2024 to over $6B within the next two years. 🚀Boaz is uniquely positioned to capture market share where other operators fail to compete:✅ Small-to-Midsize Cities \u0026amp; Underserved Communities – We serve markets that big players overlook, giving us an early-mover advantage.✅ Franchise Model – Our approach allows us to scale rapidly with minimal capital, accelerating revenue without the massive costs that have sunk other scooter companies.✅ First-Mile/Last-Mile Solutions – Our shared shuttle expansion makes Boaz more than just a scooter company—it’s a complete urban mobility solution.With the right investment today, Boaz could be a major player in this booming industry tomorrow.🚀 How Boaz Bikes Stands Out from Bird \u0026amp; LimeUnlike Bird and Lime, Boaz Bikes is built for long-term sustainability and accessibility:✅ Affordable Subscription Models – We prioritize long-term user retention with cost-effective plans, making micromobility more accessible.✅ Real-Time Vehicle Repositioning – Our operations adapt dynamically to demand, ensuring scooters are always where riders need them.✅ Serving Underserved Communities \u0026amp; Smaller Markets – While competitors focus on dense urban centers, we bring micromobility to areas that truly need it.✅ Franchise Model for Rapid Scaling – Our franchise model allows local operators to invest in fleets, accelerating expansion without high overhead costs.✅ Seated Scooter Design for Safety – Unlike traditional standing scooters, our seated design offers better stability and comfort, attracting more riders, including women and older users.Boaz isn’t just another scooter company—we’re redefining the industry with a scalable, sustainable, and safety-first approach.📊 Proven Traction \u0026amp; Industry LeadershipBoaz Bikes has already made a significant impact in the micromobility space, proving that our model works and is ready to scale:✅ 500,000+ rides completed with a loyal and growing user base of 70,000+ riders.✅ Multiple city permits secured, positioning us for expansion.✅ Currently in the race for $400,000 in grants to accelerate growth.✅ Over 1 million lbs of CO₂ emissions saved, contributing to a cleaner environment.✅ 4,000+ investors who believe in our vision and have helped us get here.✅ First to introduce swappable battery technology, leading the industry in operational efficiency.✅ Patent-pending Model 3 scooter – a seated, three-wheel design built for safety and accessibility.✅ Over 40% of our users are women, proving our commitment to inclusivity and safer mobility solutions.Boaz Bikes isn’t just competing—we’re leading the charge in sustainable, scalable micromobility.🚀 Join the Movement – Invest in the Future of MicromobilityThe micromobility industry is evolving, and Boaz Bikes is leading the charge with a smarter, safer, and more scalable model.We’ve proven our impact with 500,000+ rides, 70,000+ users, and industry-first innovations—now, we’re ready to scale nationwide.This is your chance to be part of something bigger than just an investment—it’s an opportunity to help reshape urban transportation, reduce emissions, and build a profitable, sustainable future.🚲 A proven model. A massive market. A clear path to success.💰 Invest today and ride with us into the future.Note: The above contains future projections which cannot be guaranteed.","location":"Detroit, MI","website":"https://www.boazbikes.com","total_amount_raised":1276210,"total_investors":3834,"is_funded":false,"is_active":false,"quality_score":2,"related_urls":["https://wefunder.com/boaz.bike","https://www.boazbikes.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/63372/xxl_cropped_Boaz_Bikes_Header.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/63372/large_cropped_boazlogopng_200x200.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/63372/standard_cropped_Boaz_Bikes_Header.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/63372/standard_cropped_Boaz_Bikes_Header.jpg","profile_video_url":"https://wefunder.wistia.com/medias/538kxgblgg"},"links":{"company_url":"https://www.boazbikes.com","linkedin_url":"https://linkedin.com/company/boaz-bikes/","twitter_url":"https://x.com/boazbikes","facebook_url":"https://facebook.com/boazbikes","instagram_url":"https://instagram.com/boazbikes","youtube_url":"https://youtube.com/boazbikes"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Shark Tank Success: Pitched on Shark Tank 2024-25 season, spotlighting Boaz Bikes’ innovation."},{"index":2,"claim_id":"claim-fact-2","value":"Proven Traction: Over 500,000 rides, 70,000 users, and $2M revenue with zero reported accidents."},{"index":3,"claim_id":"claim-fact-3","value":"Pioneering Safety: Patent-pending 3-wheel seated scooter, prioritizing safety and inclusivity."},{"index":4,"claim_id":"claim-fact-4","value":"Scaling Fast: Launched on-demand scooter delivery in 2024; competing for $400K in 2025 grants."},{"index":5,"claim_id":"claim-fact-5","value":"Environmental Impact: Saved over 1M lbs of CO₂ emissions, driving equity and sustainability."},{"index":6,"claim_id":"claim-fact-6","value":"VC Backed: Secured $100K from HS Equity VC fund at the same $15M valuation as the current Crowdfund."}],"team":[{"id":984490,"entity_id":"wefunder:company_role:984490","user_entity_id":"wefunder:user:919415","role":"founder","name":"Emil I NNANI","title":"CEO","bio":"Devoted the last 5 years to solving the first and last mile transportation problem in America. Serial entrepreneur who built a multi-million dollar retail business that he later sold. True Visionary who is laser focused on making the world better.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/984490/square_cropped_EN.jpg?1685644062","profile_url":"https://wefunder.com/emilinnani","personal_url":"http://www.boazbikes.com","linkedin_url":"https://www.linkedin.com/in/emil-nnani-82aa2065/","related_urls":["https://wefunder.com/emilinnani","http://www.boazbikes.com"]},{"id":1016112,"entity_id":"wefunder:company_role:1016112","user_entity_id":"wefunder:user:625201","role":"employee","name":"Cory Smith","title":"CFO","bio":"MBA in finance from Wharton. Helped lead SportsRecruits to their 1st year of profitability. Helped startups raise millions in seed funding. Ran financials for a health care company with over $9 Billion in revenue.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1016112/square_cropped_IMG_0377.jpg?1685644063","profile_url":"https://wefunder.com/cory.smith.2","linkedin_url":"https://www.linkedin.com/in/cory-smith-mba-94058912/","related_urls":["https://wefunder.com/cory.smith.2"]},{"id":1351706,"entity_id":"wefunder:company_role:1351706","role":"founder","name":"Chris W","title":"COO","bio":"Helped build operations for early Uber, launched SF, LA, \u0026amp; SD markets. Cofounded an Uber competitor company, took company from $0 to $2 Million annual revenue. Company acquired Apple, Inc. as largest customer, with 6k downloads on launch day.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1351706/square_cropped_square_cropped_CW.jpg?1685644063","linkedin_url":"https://www.linkedin.com/in/christianawinfrey/","related_urls":[]},{"id":1016115,"entity_id":"wefunder:company_role:1016115","role":"employee","name":"David Valaer","title":"Advisor ","bio":"Private Equity Investor, Entrepreneur, and pilot. Many successful exits and sits on the board of multimillion dollar companies.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1016115/square_cropped_DV.jpg?1685644063","linkedin_url":"https://www.linkedin.com/in/david-valaer-baa7201/","related_urls":[]}],"featured_investors":[{"id":2985,"entity_id":"wefunder:company_investor_profile:2985","investor_profile_id":3634760,"investor_profile_entity_id":"wefunder:investor_profile:3634760","subject_entity_id":"wefunder:notable_investor:8571","name":"High Street Equity","avatar_url":"https://uploads.wefunder.com/2021/user_default_icon_circle.png","profile_url":"https://wefunder.com/high.street.equity","is_lead_investor":false,"related_urls":["https://wefunder.com/high.street.equity"]},{"id":2986,"entity_id":"wefunder:company_investor_profile:2986","investor_profile_id":3634761,"investor_profile_entity_id":"wefunder:investor_profile:3634761","subject_entity_id":"wefunder:notable_investor:8572","name":"Richard Dahan","avatar_url":"https://uploads.wefunder.com/2021/user_default_icon_circle.png","profile_url":"https://wefunder.com/richard.dahan.1","is_lead_investor":false,"related_urls":["https://wefunder.com/richard.dahan.1"]},{"id":6110,"entity_id":"wefunder:company_investor_profile:6110","investor_profile_id":2103401,"investor_profile_entity_id":"wefunder:investor_profile:2103401","subject_entity_id":"wefunder:user:2628153","name":"Mitch Brooks","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/2628153/medium_73e4fd35238487464b3a20220520-77-1httvk5.jpg","profile_url":"https://wefunder.com/mitch.brooks","endorsement_quote":"We invested in Boaz Bikes because of their ambitious mission to transform micro-mobility. The Founders are strong with domain expertise and previous operating experience. We believe they’re thinking about the space differently with an unique Go-To-Market strategy that has led to solid early performance. We were most impressed by their organic growth, strong cash flow, and use of capital. Our team believes this could take off as they fundraise for market expansion.","investment_total":100000,"investment_info":"Invested $100,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/mitch.brooks"]}],"investor_memos":[],"tab_counts":{"posts":46,"ask_questions":143,"featured_investors":3,"faq_entries":5},"active_fundraises":[{"id":126888,"entity_id":"wefunder:fundraise:126888","state":"open","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":50000.0},{"id":45238,"entity_id":"wefunder:fundraise:45238","state":"successful","offering_type":"506(b)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":250,"max_purchase":9,"funding_target":50000.0},{"id":89165,"entity_id":"wefunder:fundraise:89165","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"convertible_note","security_type":"debt","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"minimum_target":"50000.0","maximum_target":"3000000.0","funding_started_at":"2023-08-18T21:28:19Z","funding_closed_at":"2024-04-30T04:03:44Z","auto_close_at":"2024-04-30T03:59:59Z"},{"id":89166,"entity_id":"wefunder:fundraise:89166","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":3000000.0,"minimum_target":"50000.0","maximum_target":"3000000.0","funding_started_at":"2023-07-24T19:25:55Z"},{"id":45237,"entity_id":"wefunder:fundraise:45237","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":250,"max_purchase":9,"funding_target":125000.0,"funding_started_at":"2021-05-18T00:12:24Z","funding_closed_at":"2021-09-07T05:01:51Z","auto_close_at":"2021-09-03T03:59:59Z"},{"id":35899,"entity_id":"wefunder:fundraise:35899","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"custom","security_type":"custom","currency":"USD","testing_the_waters":false,"min_purchase":250,"max_purchase":9,"funding_target":3000000.0,"minimum_target":"125000.0","maximum_target":"3000000.0","funding_started_at":"2020-07-31T00:16:18Z","funding_closed_at":"2022-05-01T03:59:59Z","auto_close_at":"2021-03-01T04:59:59Z"}],"latest_fundraise":{"id":126888,"entity_id":"wefunder:fundraise:126888","state":"open","offering_type":"4(a)(6)","structure":"ttw","testing_the_waters":true,"can_invest_now":true,"funding_started_at":null,"funding_closed_at":null,"terms":{"eb":null,"nb":null,"txt":null}},"recent_posts":[{"id":173113,"entity_id":"wefunder:feed_item:173113","type":"FeedItem::Update","visibility":"public","title":"🚨 Today is the LAST DAY to invest in Boaz Bikes! 🚨","preview":"Hey everyone, Emil here. I wanted to personally reach out and remind you that today is your final opportunity to become a part of Boaz Bikes. It's been an incredible journey, and thanks to supporters like you, we're on the brink of even greater achievements.Investing in Boaz Bikes isn’t just about supporting a company; it's about believing in a safer, more sustainable future for urban mobility. We've come a long way with our innovative, safety-first scooters, but there's so much more we can d...","published_at":"2024-04-29T22:01:50Z","author_name":"Emil I NNANI","url":"/feed/173113","canonical_url":"https://wefunder.com/feed/173113"},{"id":172346,"entity_id":"wefunder:feed_item:172346","type":"FeedItem::Update","visibility":"public","title":"Boaz Is Soaring! 🚀🚀🚀","preview":"We are thrilled to announce a monumental milestone for Boaz Bikes: we have been awarded a prestigious 2-year contract by the City of Detroit, positioning us alongside Lime \u0026 Spin as one of the three operators reshaping the city’s shared mobility landscape. This significant win not only highlights our competitive edge but also underscores the city's transition towards a more streamlined, efficient urban mobility model, reducing the number of operators from six to an exclusive three, each with ...","published_at":"2024-04-10T11:35:39Z","author_name":"Emil I NNANI","url":"/feed/172346","canonical_url":"https://wefunder.com/feed/172346"},{"id":171992,"entity_id":"wefunder:feed_item:171992","type":"FeedItem::Update","visibility":"public","title":"🚀 Big News, Boaz Supporters! 🚀","preview":"We're stepping into the spotlight on the Kinect Capital Live Pitch on the Superpowers for Good Show, and we need your support more than ever! Imagine the intensity of the shark show, but with a live, dynamic twist - that's where we'll be, under the gaze of investors, competing for investments and the spotlight.🌟 Here's the exciting part: You, our amazing community, have the power to help us win the Super Powers for Good Choice award. But, to cast your vote for Boaz, you'll need to watch the s...","published_at":"2024-03-28T00:40:02Z","author_name":"Emil I NNANI","url":"/feed/171992","canonical_url":"https://wefunder.com/feed/171992"},{"id":171526,"entity_id":"wefunder:feed_item:171526","type":"FeedItem::Update","visibility":"public","title":"🎉 Exciting News Alert! 🎉","preview":"We're thrilled to share some amazing updates from Boaz Bikes! 🚲✨As the NFL draft approaches in Detroit next month, we're gearing up for an incredible season opener in the Motor City! With over 300,000 visitors expected to flood the city, we're ready to roll out our fleet of scooters and provide convenient, eco-friendly transportation to all attendees. This event marks the beginning of our season in Detroit, and we're setting our sights high. Our goal for the 2024 season? Surpassing a million ...","published_at":"2024-03-14T20:49:37Z","author_name":"Emil I NNANI","url":"/feed/171526","canonical_url":"https://wefunder.com/feed/171526"},{"id":170051,"entity_id":"wefunder:feed_item:170051","type":"FeedItem::Update","visibility":"public","title":"Join Us in Reaching the $250K Milestone and Fueling Boaz Bikes' Exciting Future!","preview":"As we navigate through an exciting phase at Boaz Bikes, I'm reaching out to share our progress and invite you to be a pivotal part of our journey toward a remarkable milestone.Currently standing strong at $160K, we're eagerly pushing towards our $250K goal in this seed round. Your support has been invaluable, and we're thrilled about the possibilities that lie ahead if we can achieve this milestone.Here's the breakdown of what reaching the $250K milestone will allow us to accomplish:Step 1: R...","published_at":"2024-01-18T15:21:43Z","author_name":"Emil I NNANI","url":"/feed/170051","canonical_url":"https://wefunder.com/feed/170051"},{"id":169950,"entity_id":"wefunder:feed_item:169950","type":"FeedItem::Update","visibility":"public","title":"New Semester at Tarleton State University!","preview":"As we kick off a new semester at Tarleton State University, we wanted to share some exciting updates with you, our valued investors and supporters.We are thrilled to announce that we will be expanding our services on campus this year, rolling out more vehicles and updating designated parking spots to enhance the overall experience for our users. This strategic growth aligns with our commitment to providing convenient and sustainable transportation solutions for the Tarleton community.To bette...","published_at":"2024-01-12T16:39:01Z","author_name":"Emil I NNANI","url":"/feed/169950","canonical_url":"https://wefunder.com/feed/169950"},{"id":169772,"entity_id":"wefunder:feed_item:169772","type":"FeedItem::Update","visibility":"public","title":"🚀 Exciting News Alert! 🌟","preview":"Boaz Bikes has hit a major milestone - $150,000 raised in our current round! 🎉 Our community's support is propelling us towards transforming urban mobility. Your belief in us means we're closer to making cleaner, accessible transportation a reality for everyone. This milestone isn't just a number; it's a testament to our collective vision for a smarter, greener future. Join us on this incredible journey, and together, let's pave the way for a more connected and sustainable world! 🌍💡 #BoazBike...","published_at":"2024-01-03T15:57:46Z","author_name":"Emil I NNANI","url":"/feed/169772","canonical_url":"https://wefunder.com/feed/169772"},{"id":169129,"entity_id":"wefunder:feed_item:169129","type":"FeedItem::Update","visibility":"public","title":"Funding Scenarios","preview":"Dear Boaz Bikes Supporters,Thank you for the incredible support! We've extended our investment deadline to April 2024, aiming to secure between $250K and $3M. Let's explore possible scenarios based on the funds raised.Industry Dynamics:Venture Capital in micro-mobility is uncertain as leading competitors failed despite raising billions. Boaz's impressive growth contrasts with the struggle to acquire sufficient capital. However, this lack enabled us to build a sustainable business. We aim to l...","published_at":"2023-12-07T14:48:53Z","author_name":"Emil I NNANI","url":"/feed/169129","canonical_url":"https://wefunder.com/feed/169129"},{"id":167175,"entity_id":"wefunder:feed_item:167175","type":"FeedItem::Update","visibility":"public","title":"🚀 Exciting News 🚀","preview":"I had the privilege of sharing the Boaz Bikes journey on Devin Thorpe's incredible show. 🎥 We're not just about scooters and shuttles; we're on a mission to transform communities with accessible, affordable, and eco-friendly transportation options. 🌍Imagine a future where everyone can effortlessly move around their community through seamless, connected solutions. 🌟 That's the dream I'm working towards, and with your support, we're making it a reality! 💪📺 (https://youtu.be/67pFjfURjto?si=saZlX...","published_at":"2023-09-16T12:17:19Z","author_name":"Emil I NNANI","url":"/feed/167175","canonical_url":"https://wefunder.com/feed/167175"},{"id":166907,"entity_id":"wefunder:feed_item:166907","type":"FeedItem::Update","visibility":"public","title":"🚀 Exciting News! Our Crowdfunding Round is Reopened!🚀","preview":"We have some fantastic updates to share with you!1. Crowdfunding Round Reopened: Our crowdfunding round, led by High Street Equity, has just reopened! This is your chance to invest in Boaz Bikes and be part of our journey towards transforming urban mobility.2. Thrilling University Partnership: Boaz Bikes has just launched its first university partnership with Tarleton State University, and the response has been incredible! In just one week, we've already welcomed over 200 monthly subscribers ...","published_at":"2023-09-05T18:22:29Z","author_name":"Emil I NNANI","url":"/feed/166907","canonical_url":"https://wefunder.com/feed/166907"},{"id":165931,"entity_id":"wefunder:feed_item:165931","type":"FeedItem::Update","visibility":"public","title":"Investor Update","preview":"I hope this email finds you well. I wanted to share an exciting update – last week, I had the incredible opportunity to participate in the \"10k Project.\" It was an insightful platform where I could candidly pitch and passionately elucidate why Boaz Bikes stands as the premier investment choice.The conversation flowed freely, allowing me to delve deep into our vision, accomplishments, and future prospects. It was a safe space where I could lay bare our aspirations and strategies for success.If...","published_at":"2023-08-16T11:37:41Z","author_name":"Emil I NNANI","url":"/feed/165931","canonical_url":"https://wefunder.com/feed/165931"},{"id":160721,"entity_id":"wefunder:feed_item:160721","type":"FeedItem::Update","visibility":"public","title":"New Study Shows E-Scooter Market is growing 6x Over The Next 3-Years.","preview":"Latest micro-mobility study shows the global\u0026nbsp;industry is growing to $260 Bn by 2025. Study also revealed that the shared e-scooter business is growing from just $1 Billion today to over $6 Bn in the next 3 years. The global scooter market is expected to grow to $90B by 2030.\u0026nbsp;Dr. Benedikt Kloss, Associate Partner and member of the McKinsey Center for Future Mobility (MCFM) at McKinsey \u0026 Company, said, “The evolution from a market generating around $1 billion in 2019 up to a projected...","published_at":"2023-01-21T16:52:46Z","author_name":"Emil I NNANI","url":"/feed/160721","canonical_url":"https://wefunder.com/feed/160721"},{"id":160576,"entity_id":"wefunder:feed_item:160576","type":"FeedItem::Update","visibility":"public","title":"Invest Smartly - Register for our Live Webinar and Ask Your Questions","preview":"At\u0026nbsp;Boaz, we are revolutionizing the way people move around urban areas by shifting vehicles 2-5 times a day based on end location and future demand. Our smaller fleet and efficient structures mean lower costs than competitors. Our system safeguards and inspects vehicles every time they are moved, resulting in high customer ratings and low lawsuits. Additionally, IRIS, our real-time alert system, helps to reduce theft, and our QRT members are able to maximize revenue through on-demand del...","published_at":"2023-01-16T23:36:08Z","author_name":"Emil I NNANI","url":"/feed/160576","canonical_url":"https://wefunder.com/feed/160576"},{"id":160347,"entity_id":"wefunder:feed_item:160347","type":"FeedItem::Update","visibility":"public","title":"This is why I am bullish on Boaz!","preview":"We are thrilled to announce that Boaz is set to revolutionize the industry in 2023, with the launch of our pioneering eco-system! Our on-demand and weekly rental pilots have opened up amazing opportunities in Texas. The success of our per-minute dockless rentals in Michigan and Arizona, has given us the tools and know-how that we believe we will need to scale into Los Angeles this summer. We’ve already received approval and we could launch up to 10,000 vehicles – a figure determined by the fi...","published_at":"2023-01-06T17:45:34Z","author_name":"Emil I NNANI","url":"/feed/160347","canonical_url":"https://wefunder.com/feed/160347"},{"id":159624,"entity_id":"wefunder:feed_item:159624","type":"FeedItem::Update","visibility":"public","title":"A Fortune is about to be made on scooters","preview":"With the US scooter market growing to a $40B+ market (SOURCE) over the next 7 years, we believe a ton of money will be made and Boaz wants to be a part of it. We believe Gasoline vehicles will be a thing of the past in the near future. The state of California has passed a ruling banning the sale of new gas-powered vehicles by 2035 😱 (SOURCE). This is happening, and I don't want you to miss it. I was recently asked, \"who would acquire you?\" though our focus right now is on growth first and the...","published_at":"2022-11-29T14:22:32Z","author_name":"Emil I NNANI","url":"/feed/159624","canonical_url":"https://wefunder.com/feed/159624"},{"id":159417,"entity_id":"wefunder:feed_item:159417","type":"FeedItem::Update","visibility":"public","title":"Do you want to help us win?","preview":"Hey family, I need your support right now! We have less than 2 weeks left to get 60 new investors on the new platform! I need you to go over HERE and create an account today.(Watch the video for context)Our goal is to hit $1M raised by the end of the year and $3M by the end of Jan! Doing this will keep us on track for $18.9M ARR in 2023! #GrowWithUs #WeAreTheFutureWe need to bring in new investors and if I can get just 60 more of you to go over and buy a few more shares then we can hit our go...","published_at":"2022-11-17T19:51:49Z","author_name":"Emil I NNANI","url":"/feed/159417","canonical_url":"https://wefunder.com/feed/159417"},{"id":159228,"entity_id":"wefunder:feed_item:159228","type":"FeedItem::Update","visibility":"public","title":"Very special event with Boaz founder! Live Q\u0026amp;A","preview":"Hey family I’m doing a live webinar on Wednesday going over our pitch deck and explaining why I think investing in Boaz is a life changing opportunity!\u0026nbsp;I’ll be breaking down the future of the Micromobility industry as a whole, going over our strategic plan on how we will position ourselves to be the leading force by 2025, and breaking down the benefits of getting in on the ground level.\u0026nbsp;I’ll also have it open for Q\u0026A to answer all of the tough questions.\u0026nbsp;It’s a 1 hour pitch eve...","published_at":"2022-11-07T20:39:47Z","author_name":"Emil I NNANI","url":"/feed/159228","canonical_url":"https://wefunder.com/feed/159228"},{"id":159140,"entity_id":"wefunder:feed_item:159140","type":"FeedItem::Update","visibility":"public","title":"We are raising to further our growth!","preview":"Hey guys quick update, if you invested via wefunder early on through a note we are extending the note. Early convertible notes are converted into shares once we raise $1M. We just launched a new Round where we intend to raise the $1M by EOY but we need your help!! If you're an investor you'll automatically get bonus shares when you invest again. Watch the video to see what we've accomplished with your investments so far and see what we plan to do once we raise this round. If you haven't joine...","published_at":"2022-11-02T16:17:59Z","author_name":"Emil I NNANI","url":"/feed/159140","canonical_url":"https://wefunder.com/feed/159140"},{"id":153720,"entity_id":"wefunder:feed_item:153720","type":"FeedItem::Update","visibility":"public","title":"Join our Facebook Investor Group","preview":"With over 4000+ investors we still have investors saying they are not receiving our monthly email updates! Please join our Facebook group to stay up to date on everything that we are doing! Boaz 🚀 🌙","published_at":"2022-03-18T12:37:41Z","author_name":"Emil I NNANI","url":"/feed/153720","canonical_url":"https://wefunder.com/feed/153720"},{"id":153258,"entity_id":"wefunder:feed_item:153258","type":"FeedItem::Update","visibility":"public","title":"We are on a roll 🛴","preview":"For those of you not receiving our emails we just launched on Start Engine platform. It's a priced round at a $50M valuation. Shares are $5 a piece and we are encouraging all of our investors and supporters to go and buy some shares this week-\u003e www.startengine.com/boazbikes Your wefunder investment (convertible note or safe) will convert into shares after our successful priced round on start engine. Depending on how much you invested and at what valuation you invested in at will determine how...","published_at":"2022-03-02T01:09:01Z","author_name":"Emil I NNANI","url":"/feed/153258","canonical_url":"https://wefunder.com/feed/153258"},{"id":152210,"entity_id":"wefunder:feed_item:152210","type":"FeedItem::Update","visibility":"public","title":"Answering questions from investors","preview":"We've been getting a ton of questions about next steps and how to check on your investment. I go over everything in this 30 min video. Convertible notes, safe notes, exit opportunities, priced round, series A round, and next steps. Also if you're not receiving our monthly email updates please watch this video on what to do next! #Boaz to the 🚀🌙","published_at":"2022-01-24T14:12:24Z","author_name":"Emil I NNANI","url":"/feed/152210","canonical_url":"https://wefunder.com/feed/152210"},{"id":147900,"entity_id":"wefunder:feed_item:147900","type":"FeedItem::Update","visibility":"public","title":"Thank You","preview":"The Boaz team would like to say “Thank You!!!” to all of our supporters, users and investors! The things that we are working on is game changing and our mission to bring safe \u0026 affordable rides to everyone is really happening! Thanks for believing and trusting us, this is just the beginning of the story..\u0026nbsp;The software we are building, the new hardware that’s being built, the partnerships that’s being made behind the scenes will show the world why over 4000 investors took a chance on us!!...","published_at":"2021-08-21T10:50:39Z","author_name":"Emil I NNANI","url":"/feed/147900","canonical_url":"https://wefunder.com/feed/147900"},{"id":146938,"entity_id":"wefunder:feed_item:146938","type":"FeedItem::Update","visibility":"public","title":"Take a look at this fleet!","preview":"In just a few short weeks more of our fleet will be arriving in the States in preparation of Boaz entering more markets. Take a look at all these beautiful bikes getting ready to ship out!","published_at":"2021-07-21T12:45:17Z","author_name":"Emil I NNANI","url":"/feed/146938","canonical_url":"https://wefunder.com/feed/146938"},{"id":146641,"entity_id":"wefunder:feed_item:146641","type":"FeedItem::Update","visibility":"public","title":"Boaz Bikes featured on Benzinga!","preview":"Boaz had a great feature in Benzinga talking about how we're on the rise! You can check out the full article here:\u0026nbsp;https://www.benzinga.com/news/21/07/21976097/this-micro-mobility-company-is-valued-at-35m-and-needs-to-be-on-your-radar","published_at":"2021-07-19T09:32:47Z","author_name":"Emil I NNANI","url":"/feed/146641","canonical_url":"https://wefunder.com/feed/146641"},{"id":146309,"entity_id":"wefunder:feed_item:146309","type":"FeedItem::Update","visibility":"public","title":"Now Your Investment Is Insured","preview":"We have a ton of first time investors, and to help offset some of the risks we decided to purchase this product. We are confident that we can continue this hyperbolic growth, and we hope with the purchase of this policy it'll give our new investors the confidence they need to invest more! We need to raise $300K more. Everyone push and let your friends and family know to get on board!!! Learn more at boazbikes.com/tigermark\u0026nbsp;","published_at":"2021-06-29T20:09:28Z","author_name":"Emil I NNANI","url":"/feed/146309","canonical_url":"https://wefunder.com/feed/146309"}],"q_and_a":[{"id":115644,"entity_id":"wefunder:comment:115644","question":"What ROI should an individual expect to receive from a $100 investment?","author_name":"Sam Cod","votes":8,"created_at":"2020-11-22T14:25:07Z","canonical_url":"https://wefunder.com/boaz.bike#question-115644","answers":[{"id":115646,"entity_id":"wefunder:comment:115646","answer":"Nothing is guaranteed when investing so please make sure you understand the risk. The convertible note helps protect you but our goal is to hit the $1B valuation by the end of 2021. If we hit our goal your $100 would be worth $10k !! Our top competitors hit higher valuations with less time. I believe my team and I will get there but keep in mind it’s no guarantee so only invest what you can afford to lose.. together let’s go to the top brother!! 🚀","author_name":"Emil I NNANI","votes":20,"created_at":"2020-11-22T14:36:01Z"}]},{"id":327535,"entity_id":"wefunder:comment:327535","question":"Hello, I invested $100 back in 2021. Is there a payout on that investment at this current time?","author_name":"Yolanda Jackson","votes":3,"created_at":"2026-03-11T22:02:39Z","canonical_url":"https://wefunder.com/boaz.bike#question-327535","answers":[]},{"id":132888,"entity_id":"wefunder:comment:132888","question":"We have complete faith in what you are doing Emil.... we just put our investment up to $2,000","author_name":"Charles Gilliam","votes":3,"created_at":"2021-02-28T14:15:53Z","canonical_url":"https://wefunder.com/boaz.bike#question-132888","answers":[{"id":132889,"entity_id":"wefunder:comment:132889","answer":"Awesome Charles! Thanks for the support!!","author_name":"Emil I NNANI","votes":1,"created_at":"2021-02-28T14:22:02Z"}]},{"id":130005,"entity_id":"wefunder:comment:130005","question":"Quick question. If I invest 10k and you reach your 1 billion dollar valuation. Unicorn status. Would my 10k shares be worth 1 million ?? Also I don't think it would be worth 1 billion I think it would have a valuation of 2 billion at least if not 3 billion. The reason is since you have better microeconomics in place And better advantage on what the markets need. And your gone be in the same citys it would be safe to assume it would be 2.5 billion dollar valuation just like bird. So if your getting acquired I would say 2.5 billion would be the price tag. Not 1 billion. Because if your dominated the market. The bigger the threat is. Which you just need to scale fast.Also plz dm or can we hop on a quick call.","author_name":"Victor Martinez","votes":3,"created_at":"2021-02-11T08:10:36Z","canonical_url":"https://wefunder.com/boaz.bike#question-130005","answers":[{"id":130954,"entity_id":"wefunder:comment:130954","answer":"Love the way you think Victor!!","author_name":"Emil I NNANI","votes":3,"created_at":"2021-02-16T13:21:50Z"}]},{"id":125035,"entity_id":"wefunder:comment:125035","question":"Not really a question, more a statement. Excited to see you all become the first crowdfunding unicorn.","author_name":"Joseph Lizyness","votes":3,"created_at":"2021-01-17T16:09:58Z","canonical_url":"https://wefunder.com/boaz.bike#question-125035","answers":[{"id":125384,"entity_id":"wefunder:comment:125384","answer":"Thank you for the support!! Let’s do it!! 🚀","author_name":"Emil I NNANI","votes":2,"created_at":"2021-01-19T17:44:59Z"}]},{"id":124959,"entity_id":"wefunder:comment:124959","question":"Emil, When/how/where can we see the 2020 financials? Any plans on converting our part time officers into full time? What needs to happen for this to trigger? How long after closing should we expect the perks? I'm more looking forward to the virtual tour and meeting the team. $2 off ride may not be useful because we do not have boaz deployed in DC area, yet.","author_name":"Prakash Dhimal","votes":3,"created_at":"2021-01-16T20:04:54Z","canonical_url":"https://wefunder.com/boaz.bike#question-124959","answers":[{"id":125387,"entity_id":"wefunder:comment:125387","answer":"Great question and thank you for the support! Part time officers are all in transition into full time positions now. We expect the entire c-suite to be full time by the End of March. Less than 30 days after the round close we will roll out perks including other things not listed to show support !! Thank you","author_name":"Emil I NNANI","votes":3,"created_at":"2021-01-19T17:52:16Z"}]},{"id":106270,"entity_id":"wefunder:comment:106270","question":"Emil, Thank you for responding about including signing up college campuses in your marketing plan. Now for a real challenge. What about including autonomous delivery to subscribers via phone app in the future that also allows for them to drive themselves to the person wanting to ride and delivering the bike/scooter back to a central location where charging and cleaning (sanitizing) can be done in one location to reduce the cost associated with the need to pick up abandoned vehicles. Since this would require a GPS chip for each, it would also substantially reduce theft and losses. As you probably know, and without naming names, something like this is being experimented with in Atlanta. Thank you, Bruce Wertz | St. Petersburg, FL","author_name":"Bruce Wertz","votes":3,"created_at":"2020-09-15T00:40:37Z","canonical_url":"https://wefunder.com/boaz.bike#question-106270","answers":[{"id":106788,"entity_id":"wefunder:comment:106788","answer":"Yes Bruce that is the future and where the dockless model is heading.. it’s still probably 3-5 years out. The tech available for it now is still being tested and cities will still need to get on board. I totally believe it’s the future so you’re thinking in the right direction.","author_name":"Emil I NNANI","votes":3,"created_at":"2020-09-18T18:59:49Z"}]},{"id":105033,"entity_id":"wefunder:comment:105033","question":"Emil, Would you consider allowing the bikes to be purchased? I am not in the city area but would love to own one. Useful for a quick ride to the convenient store, take out restaurant, gym or just the park.","author_name":"Valerie Ward","votes":3,"created_at":"2020-09-03T04:00:20Z","canonical_url":"https://wefunder.com/boaz.bike#question-105033","answers":[{"id":105435,"entity_id":"wefunder:comment:105435","answer":"Yes we have been working on it. Hopefully next year we will be able to start selling directly to the public.","author_name":"Emil I NNANI","votes":6,"created_at":"2020-09-07T10:11:06Z"}]},{"id":272375,"entity_id":"wefunder:comment:272375","question":"What's the price of each share of Boaz Bike???????","author_name":"George Simons","votes":2,"created_at":"2023-12-22T03:48:59Z","canonical_url":"https://wefunder.com/boaz.bike#question-272375","answers":[{"id":273054,"entity_id":"wefunder:comment:273054","answer":"This round is a convertible note that matches the same terms as the lead investor. If it was apples to apples it could translate to about a $1.50 a share (not including any dilution that will happen on the conversions)","author_name":"Emil I NNANI","votes":1,"created_at":"2024-01-04T11:32:30Z"}]},{"id":128428,"entity_id":"wefunder:comment:128428","question":"How has the pandemic affected Boaz in the past 11 months? Also, I see that Ford-owned Spin has introduced self-parking bikes that can deliver themselves to chargers. Does Boaz have any plans to introduce similar tech?","author_name":"Steve Klein","votes":2,"created_at":"2021-02-03T17:07:56Z","canonical_url":"https://wefunder.com/boaz.bike#question-128428","answers":[{"id":128999,"entity_id":"wefunder:comment:128999","answer":"Hello Steve great question. The pandemic actually helped us in our pilot market. With people fearful of riding buses, ubers and trains within the city they jump on scooters for the first and last mile trip. We believe with the product addons we hope to roll out with in late June will also aid into our success throughout this pandemic. Spin is most definitely doing something amazing. They are not using their own technology but a 3rd party we've been in talk with since 2019. This control remote option is nonetheless impressive but the game changer is still years away. Parking a scooter with a remote is cool, and soon they'll be delivering them with a remote. The game changer is when the computer vision is able to deliver that vehicle itself without having an engineer control it through cameras. Also, when America is ready to allow these will be another discussion, obtaining permits in large cities for this tech I believe to still be a long way off. Overall we've been looking into it since 2019 and we hope to have something available (with the same 3rd party tech they use) by the end of this year incase cities start to adapt sooner than 3-5 yrs.","author_name":"Emil I NNANI","votes":2,"created_at":"2021-02-06T13:35:19Z"}]},{"id":125872,"entity_id":"wefunder:comment:125872","question":"Hi. Will investments that have already been made have a valuation cap of 10M now? Thank you.","author_name":"Hale Inanoglu","votes":2,"created_at":"2021-01-22T01:03:36Z","canonical_url":"https://wefunder.com/boaz.bike#question-125872","answers":[{"id":125873,"entity_id":"wefunder:comment:125873","answer":"Yes Hale!! We decided to make the switch today! We will be posting an update this weekend. The first $500k invested will be in at $10M cap now! Thanks for the support!","author_name":"Emil I NNANI","votes":3,"created_at":"2021-01-22T01:07:54Z"}]},{"id":115452,"entity_id":"wefunder:comment:115452","question":"Price of bike","author_name":"Albert Daffin","votes":2,"created_at":"2020-11-20T22:22:26Z","canonical_url":"https://wefunder.com/boaz.bike#question-115452","answers":[{"id":115647,"entity_id":"wefunder:comment:115647","answer":"Currently we don’t sell directly to consumers but we plan to in early 2021 at prices between $700-$1000","author_name":"Emil I NNANI","votes":0,"created_at":"2020-11-22T14:36:41Z"}]},{"id":114507,"entity_id":"wefunder:comment:114507","question":"Can I speak to someone about investing in the company","author_name":"Ezekiel Hughes","votes":2,"created_at":"2020-11-15T17:26:18Z","canonical_url":"https://wefunder.com/boaz.bike#question-114507","answers":[{"id":114511,"entity_id":"wefunder:comment:114511","answer":"Just left you a voicemail.","author_name":"Emil I NNANI","votes":0,"created_at":"2020-11-15T18:18:53Z"}]},{"id":282409,"entity_id":"wefunder:comment:282409","question":"Hey Emil, Do you know when your 2023 financials will be available? Thank you and your team for all of your hard work!","author_name":"Marco Frabotta","votes":1,"created_at":"2024-04-26T22:22:09Z","canonical_url":"https://wefunder.com/boaz.bike#question-282409","answers":[]},{"id":278706,"entity_id":"wefunder:comment:278706","question":"HI Emil, I've been following your company for a while, so congrats on your success to date. Two product question, one terms question. 1. There are a lot of negative reviews on Android and IOS related to app glitches and overpriced rides compared to competitors. How have you addressed these concerns? 2. ~$20M of your 2024 projections come from markets set to launch in Q1 2024. Can you please update us on progress. 3. Does the $1,000 perk include the ride credit? Also how does the in person meet and greet work? Is it a set date by your company or can the investor chose a mutually agreed upon date that works for them?","author_name":"LD Freeman","votes":1,"created_at":"2024-03-15T02:32:54Z","canonical_url":"https://wefunder.com/boaz.bike#question-278706","answers":[{"id":278908,"entity_id":"wefunder:comment:278908","answer":"thanks so much for the support LD, we switched our app listing a little over a year ago, if you look up the \"Boaz Bikes Corp\" app you'll see tons of 5-star reviews. The few bad reviews are mainly towards the cost. Despite being the most affordable operator in any market we launch in, some are still upset. No operator offers more affordable rides, the industry standard has jumped up to about ~$0.50 per minute. the $20M projections were based on a successful raise of $3M in 2023. We could not raise that amount, so we needed to adjust our 2024 target. Our aim for 2024 is $2M in revenue and we still need to secure another $100K to hit this goal. Our aim for 2024 is also to secure our Series A round of funding at the end of the summer. Yes the $1,000 investment does include the ride credit, and when the round closes we email all investors with date and time options for the meet and greet.","author_name":"Emil I NNANI","votes":1,"created_at":"2024-03-17T17:33:57Z"}]},{"id":274801,"entity_id":"wefunder:comment:274801","question":"Added to my stack again Jan 2024. Let's go friends, add to your Boaz stack as the sooner we do then the sooner we moon. 💯","author_name":"Joseph Lizyness","votes":1,"created_at":"2024-01-26T19:37:32Z","canonical_url":"https://wefunder.com/boaz.bike#question-274801","answers":[]},{"id":150054,"entity_id":"wefunder:comment:150054","question":"Will investors receive dividend payments or just one payout from our investment?","author_name":"Kiesha Harris","votes":1,"created_at":"2021-05-21T15:05:59Z","canonical_url":"https://wefunder.com/boaz.bike#question-150054","answers":[{"id":150253,"entity_id":"wefunder:comment:150253","answer":"Our aim is to be acquired which would be the one payout, if we go the ipo route then you'll be able to trade shares freely. Most startups will not pay dividends in the early years until they become strong enough.","author_name":"Emil I NNANI","votes":1,"created_at":"2021-05-22T12:24:28Z"}]},{"id":133092,"entity_id":"wefunder:comment:133092","question":"Congratulations on raising \"$930,934 from 3,564 investors.\" That's a lot of investors. Right after the campaign closed, we saw \"$250,000 raised after Wefunder.\" Can you explain what this is?","author_name":"Prakash Dhimal","votes":1,"created_at":"2021-03-01T18:20:48Z","canonical_url":"https://wefunder.com/boaz.bike#question-133092","answers":[{"id":141759,"entity_id":"wefunder:comment:141759","answer":"Funds we closed outside of wefunder.","author_name":"Emil I NNANI","votes":0,"created_at":"2021-04-14T12:23:24Z"}]},{"id":132961,"entity_id":"wefunder:comment:132961","question":"I saw you had a substantial net loss in Jan1-dec31 of $345k, so how do you plan to be profitable in 2021?","author_name":"Hasani Adams","votes":1,"created_at":"2021-02-28T20:50:26Z","canonical_url":"https://wefunder.com/boaz.bike#question-132961","answers":[{"id":132978,"entity_id":"wefunder:comment:132978","answer":"2019 was a learning stage . The loss you’re seeing is due to us purchasing the hardware, but the scooters have a 2-5 year life span so we will still keep reaping the benefits of 2019 loss through 2022! 2020 was a gross profitable year and we plan to take what we’ve learnt in 2020 and scale it throughout 2021!","author_name":"Emil I NNANI","votes":1,"created_at":"2021-02-28T23:40:05Z"}]},{"id":128090,"entity_id":"wefunder:comment:128090","question":"Hello, 1st off congrats on everything this far. Respect. I wanted to ask as of now the valuation cap is $10M and there's still $143717 left for early bird terms. So if I was to invest $100 now if the company does reach a $1B valuation within this year does that mean the $100 becomes $10K? Also how realistic is that really within this year considering your financials of 2019 and the pandemic? So if for instance the $1B isn't reached what happens to the investment? From what I read about convertible notes the amount is locked until a point in which the company is sold? But if boaz was to be sold at $100M valuation would I get back $1000? Just remembered so would these amounts actually be in terms of shares that I would have so $10k or $1k worth of shares or is possible to get this in cash? Also any plans to move into the New England area?","author_name":"We're All Humans","votes":1,"created_at":"2021-02-02T13:29:16Z","canonical_url":"https://wefunder.com/boaz.bike#question-128090","answers":[{"id":128998,"entity_id":"wefunder:comment:128998","answer":"Sorry for the late reply.. it's less than 120K left to be in at the $10M cap. If we were to hit our $1B valuation mark and you were in at the $10M cap with $100 you'd be looking at a return of ~$10K.. Keep in mind that some dilution can happen it between there. We expect to raise a Series A round in a few months and operate off cash flow until a possible exit. If for some reason we raised a Series b it could dilute early investors some (not currently our plan). The way the convertible note works is once we raise our series A round you'd have shares in the company. If we don't raise our Series A round within a year (we expect to raise no later than May this year) then the company owes you your investment back with interest. I'm not looking to sell the company for a $100M, I believe EV's are the future and Boaz is the answer to first and last mile transportation problems all around the world. I believe we are worth more than that where we stand now b/c of all of the innovative ideas we have in the pipeline that we can't execute on until securing funding. Hope this helps and we are looking at expanding into a minimum of 20 cities this year and we are doing research weekly when new options pop up. Open to any suggestions.","author_name":"Emil I NNANI","votes":1,"created_at":"2021-02-06T13:24:58Z"}]},{"id":127565,"entity_id":"wefunder:comment:127565","question":"I don't know much about investing in a startup, but I am interested. I read in May 2019 where you planned to expand into 50 cities by 2019 and now I read on WeFunder's website that you plan to expand into 20+ cities by end of 2021. However, you only have 3 city permits. I know 2020 was not a great year for most companies, but can you explain what happened in 2019 as to why you didn't reach your goal of 50 cities an what's going to make 2021 different?","author_name":"Tonja Conic","votes":1,"created_at":"2021-01-31T02:37:17Z","canonical_url":"https://wefunder.com/boaz.bike#question-127565","answers":[{"id":128022,"entity_id":"wefunder:comment:128022","answer":"Short answer is we did a horrible job in raising funds in 2019 and didn’t have the capital to push our expansion. The difference now is that we’ve already raised our minimum amount to get us to our Series A round successfully. The next round of funding will help us expand into our 20+ markets in 2021 and then we could grow off cash flow to further an expansion until acquisition or ipo. Had we raised a full seed round in 2019 we probably would have been in trouble in 2020 due to covid so it worked out in our favor a bit. 2020 allowed us to pivot while we were still small and focus better while our competitors scrambled. 2021 we are focus and know exactly how to execute!","author_name":"Emil I NNANI","votes":1,"created_at":"2021-02-02T05:40:33Z"}]},{"id":126119,"entity_id":"wefunder:comment:126119","question":"Hi Emil, thank you for your previous response, I invested an amount to your venture and I am considering upsizing while I see the progress of the campaign. Could you please share with us (now and in the future) the progress of your permit applications and if you have landed investments outside WeFunder? I understand you need 100k-300k USD for each city you wish to deploy, which means that currently you have enough capital to deploy into 1 or 2 new cities. Am I correct to assume that? Best of luck once again!","author_name":"Georgios Moraitakis","votes":1,"created_at":"2021-01-23T12:12:29Z","canonical_url":"https://wefunder.com/boaz.bike#question-126119","answers":[{"id":126353,"entity_id":"wefunder:comment:126353","answer":"Thank you for joining us Georgios!! The avg amount to go into a city is about $150k .. we've closed $200K from outside of Wefunder. We are extending the round to the end of Feb. Majority of the funds will go to ordering more vehicles, bringing on the team and building out our other revenue streams. We are launching in our next city (Austin) next month and we plan to roll back out into Plano shortly after. We send out bi-weekly emails which will update everyone on the progress moving forward. Our next fleet will arrive in Late April/ Early May and we plan to expand into our next 3-10 markets with that fleet (depending on how much we raise)","author_name":"Emil I NNANI","votes":0,"created_at":"2021-01-24T15:48:17Z"}]},{"id":125423,"entity_id":"wefunder:comment:125423","question":"Hi, You say you're closing the end of this month, but you've only raised 1/4$M. Is that all you need to accomplish your goal of hitting \"$1B valuation by the end of 2021\"? Is that valuation even realistic? Thanks","author_name":"Josh S.","votes":1,"created_at":"2021-01-19T20:56:44Z","canonical_url":"https://wefunder.com/boaz.bike#question-125423","answers":[{"id":125425,"entity_id":"wefunder:comment:125425","answer":"Great question Josh. We’ve raised our minimum amount to get us to our Series A round. We already have vehicles on the way to expand into our new market and strengthen our current pilot cities. Anything we raise now is extra buffer. We expect to open the series A round in April/May with our new revenue data from Feb/March/April and take the funds from that round to build out the rest of the pipeline to get into our 20+ markets. Being valued at $1B by the end of the year is very much possible and handful of things the team and I need to conquer before then but I believe we are on the right path and we have the right team to do it.","author_name":"Emil I NNANI","votes":1,"created_at":"2021-01-19T21:03:41Z"}]},{"id":125415,"entity_id":"wefunder:comment:125415","question":"Hi there, How do you intend to compete with Wheels, JUMP, and Lime (scooters and bikes), which offer sit-down shared mobility services? At least on the West Coast and Northeast, these providers have a large established base (pre-COVID). As well, how do you differentiate against these competitors? I ask this since Wheels practically offers the same product as Boaz Bikes, and I've used them since 2018.","author_name":"Steven Alexander Littaua","votes":1,"created_at":"2021-01-19T20:01:05Z","canonical_url":"https://wefunder.com/boaz.bike#question-125415","answers":[{"id":125427,"entity_id":"wefunder:comment:125427","answer":"Jump \u0026amp; lime have pedal bikes as well as stand up scooters and jump is no longer a threat .. (or never really was) wheels is the most similar to our model. Though they also capitalize on the seated scooter market they can’t really target an older crowd who cares most about safety. Wheels looks, feels and rides like a motorcycle/moped and very unsafe where as Boaz is constructed to still feel and ride like a scooter with an open deck frame that allows older riders (who will use it for 1st and last mile transportation legs daily) to feel comfortable while riding. If you check out some of the videos on our Instagram page you’ll see older women riding Boaz and you’ll rarely see older people riding a Wheels. Lastly, our patent pending Model 3 vehicle we believe will be the safest and most durable shared scooter in the market. This along with a new business method we are attempting to patent as well will give us an unfair advantage to be a leader in the industry in less than 2-3 years! (If we are not acquired before then)","author_name":"Emil I NNANI","votes":0,"created_at":"2021-01-19T21:12:50Z"}]},{"id":123834,"entity_id":"wefunder:comment:123834","question":"Hello, I am very intrigued and impressed honestly. Is this still the early investment phase?","author_name":"Anika Jones","votes":1,"created_at":"2021-01-10T01:45:55Z","canonical_url":"https://wefunder.com/boaz.bike#question-123834","answers":[{"id":125390,"entity_id":"wefunder:comment:125390","answer":"Hello Anika I hope you get in on this investment. This is still early ground investing for you but it doesn’t fall under the early bird special.","author_name":"Emil I NNANI","votes":0,"created_at":"2021-01-19T18:00:13Z"}]}],"faq":[{"question":"Does this mean that you plan to be on the stock exchange on August 13th? Could I monitor this through Ameritrade or something?","answer":"No. On Aug 13th it means it'll be open for the public to invest and be visible for anyone to find without having a secure link like you had. The same SEC is over the crowdfund but it will not be added to the exchange. You are investing with a convertible note at a $10 Million valuation cap (if you get in early) after that it'll be at a $15 Million valuation. We expect either of them to bring back GREAT returns within the next 8-12 months. Hope this helps"},{"question":"Do the perks only apply with the first investment? Or will they be applied at each investment tier?","answer":"Each investment tier"},{"question":"Interesting. There are competitors. I like the idea of sitting. Many people ride scooters but probably owned by the individual. You mentioned you have no IP or waiting for funds to pay for them. Low on cash. Your valuation is high with only $39k in revenue. How can you justify...","answer":"Great question James. The financials posted are 2019 financials out of our pilot market. If you check out the bulletin points you'll see in July 2020 alone we've done $32,000 in gross revenue. We are also on track to finish Aug with about ~50K in gross rev. this is also with a minimum fleet on the road we have an additional 300 vehicles expected to hit the streets in late Sept or early Oct with or without the investment from Wefunder. Our monthly revenue per bike is expected to be around ~$1,..."},{"question":"One more question. You state you have $50k in debt. Is it a promissory note when is it due? Are you going to use the funds from Wefunder to pay off the debt?","answer":"Debt is from an early investor which will be paid out of monthly revenue only when we feel the company can afford it. No rush to pay debt off. Everyone wants to see the company grow to that unicorn status!! #HopeToSeeYouThere"},{"question":"Hello, I am definitely interested in what you are building but was just wondering, are you planning to expand to other major markets in California or New York?","answer":"Great question! we are planning to expand aggressively in early 2021 3-5 cities per month. NY starts accepting proposals in Oct this year and we plan to apply for a permit. Our goal is 20+ cities over the next 10 months. #LetsGo"}]}}}