{"data":{"type":"company_profile","id":62504,"entity_id":"wefunder:company:62504","attributes":{"canonical_url":"https://wefunder.com/cityfreighter","generated_at":"2026-06-15T21:56:01Z","updated_at":"2026-06-15T05:00:24Z","entity_ids":{"company":"wefunder:company:62504","slug":"wefunder:company_slug:cityfreighter"},"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":"2026-06-15T21:56:01Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-15T05:00:24Z","as_of":"2026-06-15T21:56:01Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-15T05:00:24Z","as_of":"2026-06-15T21:56:01Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-05-15T18:16:48Z","as_of":"2026-06-15T21:56:01Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-05-15T18:16:48Z","as_of":"2026-06-15T21:56:01Z","confidence":"medium"}}},"company":{"id":62504,"entity_id":"wefunder:company:62504","slug":"cityfreighter","name":"the Second Round of CityFreighter Inc.","tagline":"The ultra low floor commercial EV platform targets RV and multiple billion-dollar niche markets\r\n ","elevator_pitch":"Cityfreighter develops an EV platform, from the start purposefully built for last-mile delivery and urban logistics, which is modular, customizable, and designed for ease of manufacturing. We are mainly using existing and proven components, not trying to reínvent the wheel. Our modular concept will decrease development costs and time-to-market significantly. Plus, we will develop smart solutions for the logistics industry, e.g., the intelligent mobile hub","story":"Here you go. We are close to sign a deal with a prominent European RV manufacturer and will then take a different route of funding. The campaign is still open to invest, so this might be an opportunity. We believe that the direction we take, combining different niche markets, starting with RVs, will open multiple opportunities. We worked heavily the last months on this project development, together with the RV manufacturer, and we have come from an electrified chassis to a versatile, modular, software platform which, we believe, is going to disrupt the market.Forward-looking statements are not guaranteed.","location":"Santa Barbara, CA","website":"https://cityfreighter.com","total_amount_raised":778052,"total_investors":1313,"is_funded":true,"is_active":true,"quality_score":3,"related_urls":["https://wefunder.com/cityfreighter","https://cityfreighter.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/62504/xxl_blob.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/62504/large_cropped_high-res_copy.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/62504/standard_blob.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/62504/standard_blob.jpg","profile_video_url":"https://wefunder.wistia.com/medias/7j9n1gb8r6"},"links":{"company_url":"https://cityfreighter.com","linkedin_url":"https://linkedin.com/company/cityfreighter/","twitter_url":"https://twitter.com/cityfreighter","facebook_url":"https://www.facebook.com/cityfreighter/","instagram_url":"https://instagram.com/cityfreighter/","youtube_url":"https://youtube.com/@cityfreighterinc8093"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Currently closing in on a game changing RV platform project. Versatile, modular and software defined"},{"index":2,"claim_id":"claim-fact-2","value":"Substantial multi-billion dollar Market with exponential growth. Demand expected to outpace supply"},{"index":3,"claim_id":"claim-fact-3","value":"The market needs electrified CabChassis. Modular, customizable, designed for ease of manufacturing"},{"index":4,"claim_id":"claim-fact-4","value":"Reducing CAPEX and speeding up time-to-market by using existing and proven parts, SOP end of 2026"},{"index":5,"claim_id":"claim-fact-5","value":"Addressing the largest key markets for commercial full electric platforms, the US and Europe"},{"index":6,"claim_id":"claim-fact-6","value":"Building strong collaborations and alliances with global Tier1 partners"},{"index":7,"claim_id":"claim-fact-7","value":"Combining multiple niche markets to increase volume and reaching economical pricing"},{"index":8,"claim_id":"claim-fact-8","value":"Proven history of execution, proof of concept in 2019, fully functional Beta version in 2021"}],"team":[{"id":966440,"entity_id":"wefunder:company_role:966440","user_entity_id":"wefunder:user:890278","role":"founder","name":"Michael Schoening","title":"President \u0026 Founder","bio":"Michael is a visionary leader and serial Entrepreneur.He has proven to turn visions into execution.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/966440/square_cropped_Michael_copy_2.jpg?1711722917","profile_url":"https://wefunder.com/michaelschoening","linkedin_url":"https://www.linkedin.com/in/michael-schoening-1220177","related_urls":["https://wefunder.com/michaelschoening"]}],"featured_investors":[{"id":4661,"entity_id":"wefunder:company_investor_profile:4661","investor_profile_id":502838,"investor_profile_entity_id":"wefunder:investor_profile:502838","subject_entity_id":"wefunder:user:957496","name":"Remo Weber","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/957496/medium_cropped_IMG_1678.jpg","profile_url":"https://wefunder.com/remoweber","investment_total":151000,"investment_info":"Invested $1,000 this round \u0026 $150,000 previously","is_lead_investor":true,"related_urls":["https://wefunder.com/remoweber"]}],"investor_memos":[],"tab_counts":{"posts":53,"ask_questions":69,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":77121,"entity_id":"wefunder:fundraise:77121","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":50000.0,"funding_started_at":"2023-04-28T22:51:07Z","funding_closed_at":"2024-10-01T04:00:15Z","auto_close_at":"2024-10-01T03:59:59Z"},{"id":77122,"entity_id":"wefunder:fundraise:77122","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":250,"max_purchase":9,"funding_target":5000000.0,"funding_started_at":"2023-03-31T19:28:22Z"},{"id":45960,"entity_id":"wefunder:fundraise:45960","state":"successful","offering_type":"506(c)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":250000.0,"funding_started_at":"2021-05-07T16:08:15Z","funding_closed_at":"2021-05-07T16:08:15Z"},{"id":35402,"entity_id":"wefunder:fundraise:35402","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":50000.0,"funding_started_at":"2020-07-17T19:59:50Z","funding_closed_at":"2021-03-24T05:05:19Z","auto_close_at":"2021-03-24T03:59:59Z"}],"latest_fundraise":{"id":77121,"entity_id":"wefunder:fundraise:77121","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2023-04-28T22:51:07Z","funding_closed_at":"2024-10-01T04:00:15Z","terms":{"eb":"$23M","nb":"$26M","txt":"valuation cap"}},"recent_posts":[{"id":288591,"entity_id":"wefunder:feed_item:288591","type":"FeedItem::Update","visibility":"public","title":"We need Your Support Now- critical milestone","preview":"Let’s be direct.We are about to present the RV of the Future at the Caravan Salon Düsseldorf (Aug 28 – Sep 6) — the largest RV show in the world.This is not a concept.This is a real vehicle, in build, with real partners, in a prime booth, in front of the global industry.👉 This is the moment where CityFreighter becomes visible.Why this matters (for you)This is not just a project.This is a value event for your investment.If we execute:• we move from concept → real product• we stand in front of ...","published_at":"2026-03-26T18:00:00Z","author_name":"Michael Schoening","url":"/feed/288591","canonical_url":"https://wefunder.com/feed/288591"},{"id":264645,"entity_id":"wefunder:feed_item:264645","type":"FeedItem::Update","visibility":"public","title":"CS2026- The RV of the Future","preview":"A positioning milestone - at the right timeToday we made the decision to move forward with the RV of the Future demonstrator for Caravan Salon Düsseldorf, August 28-September 6, 2026.We made this decision because timing matters.At the same time, we are finalizing a comprehensive Confidential Information Memorandum (CIM) to formally enter the next investment phase.In parallel, we are preparing a new grant application in cooperation with RWTH, supported at state level in NRW county, GermanyIn o...","published_at":"2026-02-23T13:02:02Z","author_name":"Michael Schoening","url":"/feed/264645","canonical_url":"https://wefunder.com/feed/264645"},{"id":258418,"entity_id":"wefunder:feed_item:258418","type":"FeedItem::Update","visibility":"public","title":"One more thing..","preview":"..I forgot to mention in our recent update:Behind the scenes we have started validating a major evolution of our platform — we are actively accelerating the transition of our modular platform toward autonomous cargo and Level 5 capability. We are already in discussions with autonomous technology providers to collaborate and validate this pathway.Virtual ImageThe long-term objective is not only autonomy itself, but a modular vehicle concept that enables a new logistics infrastructure — where v...","published_at":"2026-02-13T10:53:01Z","author_name":"Michael Schoening","url":"/feed/258418","canonical_url":"https://wefunder.com/feed/258418"},{"id":254014,"entity_id":"wefunder:feed_item:254014","type":"FeedItem::Update","visibility":"public","title":"CityFreighter Update: Clear Path Forward, New Raise \u0026amp; Why Now Matters","preview":"Dear CityFreighter investors,We want to share an open and honest update with you.The past years have not been easy. Like many deep-tech and automotive startups, CityFreighter faced a difficult combination of COVID disruptions, delayed pilots, challenging capital markets, and several financing paths that ultimately did not close. These setbacks slowed progress — but they did not stop it.What matters now: we have clarity, momentum, and a concrete plan forward.A clear development pathOver the pa...","published_at":"2026-02-06T17:45:09Z","author_name":"Michael Schoening","url":"/feed/254014","canonical_url":"https://wefunder.com/feed/254014"},{"id":176165,"entity_id":"wefunder:feed_item:176165","type":"FeedItem::Update","visibility":"public","title":"Seeing is Believing: Real-World Testing Shows New Opportunities for Niche Markets","preview":"When engaging in discussions with prominent RV manufacturers about the possibilities of an electric platform which is designed to meet their specific needs, one topic dominates the conversation: range. While range is crucial, we believe the bigger picture lies in the combination of factors such as a fast charging infrastructure, low-floor design, OTA updates, and lightweight construction. Together, these advancements unlock new opportunities not only for the RV market but also for other niche...","published_at":"2024-09-22T12:58:04Z","author_name":"Michael Schoening","url":"/feed/176165","canonical_url":"https://wefunder.com/feed/176165"},{"id":163831,"entity_id":"wefunder:feed_item:163831","type":"FeedItem::Update","visibility":"public","title":"Navigating the Challenges of EV Development - and something exciting...","preview":"I wanted to update you on our negotiations within the RV industry. We were close to finalizing a significant deal with a prominent RV manufacturer, but due to industry uncertainties, particularly around the shift to electric vehicles, everything is now in a holding pattern.Despite this, we remain optimistic about the market's future. We are still in promising talks and believe that once the industry gains momentum, we'll be well-positioned to move forward. However, we must proceed cautiously ...","published_at":"2024-08-10T11:05:24Z","author_name":"Michael Schoening","url":"/feed/163831","canonical_url":"https://wefunder.com/feed/163831"},{"id":173798,"entity_id":"wefunder:feed_item:173798","type":"FeedItem::Update","visibility":"public","title":"A quick Update","preview":"Here's a quick update on our current situation. We're very close to striking a deal with the RV manufacturer. However, discussions regarding the timeline for combustion engines versus EVs, influenced by the upcoming elections and vote-getting strategies in both the European Union and the US, have caused some delays. The European Union recently announced a driver's license upgrade that allows for driving RVs with higher payloads, including those with combustion engines. This was somewhat expec...","published_at":"2024-06-02T15:48:57Z","author_name":"Michael Schoening","url":"/feed/173798","canonical_url":"https://wefunder.com/feed/173798"},{"id":172042,"entity_id":"wefunder:feed_item:172042","type":"FeedItem::Update","visibility":"public","title":"CityFreighter Update","preview":"Hello everybody, and welcome to our Q1 update. I appreciate your patience as we've been diligently working on the RV project for the past six months. While I had hoped to share news with you sooner, we're still awaiting the final decision. However, I'm pleased to report that we're nearing the finish line. Until we receive the green light, our campaign remains open.Despite the wait, I'm thrilled to announce the significant progress we've made. Through numerous meetings and workshops, we've col...","published_at":"2024-03-29T15:51:29Z","author_name":"Michael Schoening","url":"/feed/172042","canonical_url":"https://wefunder.com/feed/172042"},{"id":168941,"entity_id":"wefunder:feed_item:168941","type":"FeedItem::Update","visibility":"public","title":"Campaign extended","preview":"In reference to our last update, we decided to extend the campaign to 1/5/24 to provide the opportunity to further invest while we are still in negotiations with the RV manufacturer. Once we close in on this project, we might end the campaign earlier.","published_at":"2023-11-30T16:27:34Z","author_name":"Michael Schoening","url":"/feed/168941","canonical_url":"https://wefunder.com/feed/168941"},{"id":168731,"entity_id":"wefunder:feed_item:168731","type":"FeedItem::Update","visibility":"public","title":"Thanksgiving Update: Game-Changing Opportunity!","preview":"Happy Thanksgiving to you and your loved ones! I hope this message finds you in good spirits and surrounded by warmth and joy.I am thrilled to share some exciting news during this festive season. We stand on the brink of a major breakthrough with a key customer that holds the potential to disrupt an entire industry. What makes this opportunity even more significant is the involvement of both an investment and a commitment to purchase a pretty significant quantity of electrified cab chassis pl...","published_at":"2023-11-20T16:35:52Z","author_name":"Michael Schoening","url":"/feed/168731","canonical_url":"https://wefunder.com/feed/168731"},{"id":166555,"entity_id":"wefunder:feed_item:166555","type":"FeedItem::Update","visibility":"public","title":"The Latest","preview":"I understand that the latest update has been long-awaited, but the past month has been quite challenging as we've been focused on securing funding. Our Wefunder campaign encountered a slowdown, as our existing investor base has already provided significant support, and attracting new investors now requires a strategic investment in paid marketing efforts.Simultaneously, we've been engaged in other tasks, such as presenting our CF1 to the German Federal Ministry of Transportation in Berlin and...","published_at":"2023-08-19T11:29:24Z","author_name":"Michael Schoening","url":"/feed/166555","canonical_url":"https://wefunder.com/feed/166555"},{"id":163995,"entity_id":"wefunder:feed_item:163995","type":"FeedItem::Update","visibility":"public","title":"Paris","preview":"The Paris presentation went very well last week. We talked to potential clients and potential investors. It is always a difference seeing the vehicle live.We are currently in frequent meetings like those. The week after next, we are presenting the CF1 to the German federal government, followed by presentations to major fleet operators. We are also in talks with a globally operating corporation to do a pilot for our mobile hub in Paris. I will update you on any news.","published_at":"2023-06-19T15:26:27Z","author_name":"Michael Schoening","url":"/feed/163995","canonical_url":"https://wefunder.com/feed/163995"},{"id":163994,"entity_id":"wefunder:feed_item:163994","type":"FeedItem::Update","visibility":"public","title":"A Quick One","preview":"It has been a fantastic week for our next steps, and we are progressing in building the alliance ecosystem.I mentioned before in an online update that we are discussing the terms of a US pilot project with a well-known consumer goods chain. Yesterday we discussed similar with a global operating last-mile delivery fleet operator, and they are open to forming a technology partnership.These companies need compact vehicles with higher payload capacities, and guess who might fit in here? We will h...","published_at":"2023-05-20T13:53:48Z","author_name":"Michael Schoening","url":"/feed/163994","canonical_url":"https://wefunder.com/feed/163994"},{"id":163827,"entity_id":"wefunder:feed_item:163827","type":"FeedItem::Update","visibility":"public","title":"Working on the Gamma Version","preview":"The campaign had a great start. Thank you for all the support here. We will start a marketing campaign this week to spread the word more broadly.In the meantime, we are working on the gamma design—just one example. We want to increase the visibility to increase the door window area. What do you think?Have a great start to the week!","published_at":"2023-05-15T14:30:47Z","author_name":"Michael Schoening","url":"/feed/163827","canonical_url":"https://wefunder.com/feed/163827"},{"id":163630,"entity_id":"wefunder:feed_item:163630","type":"FeedItem::Update","visibility":"public","title":"Today is the Day","preview":"We officially launched the second round on Wefunder. Our friends and supporters already pre-invested into the \"silent round,\" and we surpassed the minimum before launching. Yes! We appreciate your trust and support. Please forward this campaign to your friends and others interested in investing in a sustainable product that will significantly impact the commercial EV market. Every dollar counts towards our next important goal, to get the gamma vehicles built. Please support us here. It really...","published_at":"2023-05-11T05:04:47Z","author_name":"Michael Schoening","url":"/feed/163630","canonical_url":"https://wefunder.com/feed/163630"},{"id":159596,"entity_id":"wefunder:feed_item:159596","type":"FeedItem::Update","visibility":"public","title":"Before the Year ends....","preview":"We wanted to send out an update. We apologize for not getting out to you earlier, as we were working on different things and wanted to come up with something going on. This year has been a tough one with ups and downs. The guys from Canada (a public company) signed the term sheet at the beginning of the year, withdrew it later, and returned to us in the Summer with a new proposal. We put some work into it and signed an LOI. They canceled it again because of \"uncertain market conditions,\" whic...","published_at":"2022-11-28T09:33:08Z","author_name":"Michael Schoening","url":"/feed/159596","canonical_url":"https://wefunder.com/feed/159596"},{"id":153891,"entity_id":"wefunder:feed_item:153891","type":"FeedItem::Update","visibility":"public","title":"Paris and more","preview":"Just a quick update. We were exhibiting last week at the AUTONOMY in Paris and we received a great feedback for the CF1. We are still in the process to raise funds for the next step but things are looking quite promising and we hope to close a deal soon. In the meantime, we finalised a partnership agreement with PEM-Motion which will support CityFreighter on its global approach in engineering and other services. Here is the link to a media article about it. You can find different articles on ...","published_at":"2022-03-24T12:45:18Z","author_name":"Michael Schoening","url":"/feed/153891","canonical_url":"https://wefunder.com/feed/153891"},{"id":152164,"entity_id":"wefunder:feed_item:152164","type":"FeedItem::Update","visibility":"public","title":"Exciting 2022","preview":"A very healthy and successful new year to all of you from the CityFreighter team.Well, we have been pretty quietly for some time but we didn’t want to bother with unfinished things and second, we were very busy working on the further development of our CF1. We were discussing a funding opportunity. Before Christmas, we signed a term sheet for a larger bridge of a couple million dollars and we are currently working on the definitive agreement, expecting to close within the next month.This woul...","published_at":"2022-01-21T11:48:00Z","author_name":"Michael Schoening","url":"/feed/152164","canonical_url":"https://wefunder.com/feed/152164"},{"id":149648,"entity_id":"wefunder:feed_item:149648","type":"FeedItem::Update","visibility":"public","title":"New video link","preview":"There has been a problem with the former update with the video link. Here is the right one. Sorry!\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;https://youtu.be/u9IgSGLeu5E\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;","published_at":"2021-10-18T06:12:10Z","author_name":"Michael Schoening","url":"/feed/149648","canonical_url":"https://wefunder.com/feed/149648"},{"id":149632,"entity_id":"wefunder:feed_item:149632","type":"FeedItem::Update","visibility":"public","title":"First Road Testing","preview":"We shipped the CF1 back to Europe as we will start working with Bosch on the ABS/ESP development. Currently, we are in promising talks to fund the next phase, but nothing has been confirmed yet. We would prefer to find a strategic partner but we are open to other options, even restarting here on Wefunder, but the capital needed is now on a different level..However, we are making progress. Yesterday, we did our very first road test and the CF1 performed very well, given that 12 months ago we s...","published_at":"2021-10-17T12:57:23Z","author_name":"Michael Schoening","url":"/feed/149632","canonical_url":"https://wefunder.com/feed/149632"},{"id":148253,"entity_id":"wefunder:feed_item:148253","type":"FeedItem::Update","visibility":"public","title":"ACT Unveil","preview":"Finally, here are some images of the CF1 Beta unveil at the ACT Expo. Sorry for the slight delay. We were all under enormous pressure the last weeks and needed some time-out after the expo. We had a good show and promising talks with the well-known large parcel logistics companies.They all liked the \"clean\" look, the compact size, and the 700+ m3 cargo space, which is best of class. But it is important now to prepare a clear path to serial production.We are pretty busy discussing the followin...","published_at":"2021-09-06T00:39:55Z","author_name":"Michael Schoening","url":"/feed/148253","canonical_url":"https://wefunder.com/feed/148253"},{"id":148206,"entity_id":"wefunder:feed_item:148206","type":"FeedItem::Update","visibility":"public","title":"Watch CF1 Beta unveil live","preview":"CF press conference at the ACT today, Tuesday, August 31st, \u0026nbsp;live at\u0026nbsp;www.facebook.com/actexpo\u0026nbsp;at 12:10pm PST/ 9:10pm CET (Berlin), 8:10pm UK","published_at":"2021-08-31T12:44:06Z","author_name":"Michael Schoening","url":"/feed/148206","canonical_url":"https://wefunder.com/feed/148206"},{"id":146637,"entity_id":"wefunder:feed_item:146637","type":"FeedItem::Update","visibility":"public","title":"Almost There","preview":"Hi guys, it has been some time since the last update. I apologize,\u0026nbsp;we are super busy 24/7, and we are close to finishing the Beta for unveil on August 31st at the ACT Expo in Long Beach. The press conference is scheduled for 12:10 that day. We will try to stream it live on Youtube.We will set new limits with our compact-sized vehicle, which combines the enormous space advantages of a box truck with the excellent maneuverability of a cargo van. Comparing with the Arrival Van, the Mercedes...","published_at":"2021-07-11T11:43:55Z","author_name":"Michael Schoening","url":"/feed/146637","canonical_url":"https://wefunder.com/feed/146637"},{"id":143981,"entity_id":"wefunder:feed_item:143981","type":"FeedItem::Update","visibility":"public","title":"Progress and Oversubscription","preview":"Hi everybody. Things are progressing. We had a meeting at Bosch HQ\u0026nbsp;last week and agreed on\u0026nbsp;the schedule till the SOP end of 2022. Consequently, we are currently building three vehicles by the end of August/mid of September. Bosch needs two vehicles for testing.\u0026nbsp;Tough schedule\u0026nbsp;but durable. It will increase our cash needs, but\u0026nbsp;we are in promising talks with interested investors.We got some emails from\u0026nbsp;investors on Wefunder\u0026nbsp;who went in the last minute and are n...","published_at":"2021-04-19T11:40:28Z","author_name":"Michael Schoening","url":"/feed/143981","canonical_url":"https://wefunder.com/feed/143981"},{"id":143044,"entity_id":"wefunder:feed_item:143044","type":"FeedItem::Update","visibility":"public","title":"Final Day","preview":"OMG, the last weeks were\u0026nbsp;absolutely awesome. The campaign is oversubscribed, and we\u0026nbsp;just crossed the 600k line! Thank you so much for all the support and the very motivating comments.\u0026nbsp;The campaign will close in 16 hours, technically going into a pause; we are still considering moving forward with different offerings.\u0026nbsp;\u0026nbsp;But there are as well other discussions going on in the background. We are making noises in the market now.The main focus is now to unveil the Beta on A...","published_at":"2021-03-23T11:25:25Z","author_name":"Michael Schoening","url":"/feed/143044","canonical_url":"https://wefunder.com/feed/143044"}],"q_and_a":[{"id":100425,"entity_id":"wefunder:comment:100425","question":"Very interesting approach to a large market. I have a few questions. 1. Is the modular approach expected to result in easier / lower cost repairs for customers? 2. What are your expectations on margins and profitability? For instance, on a $60K vehicle, what rough cost do you anticipate? At what production volume should the company be profitable? 3. Do you have an exit strategy in mind? (If so, what?)","author_name":"Paul Kellam","votes":5,"created_at":"2020-08-03T16:38:27Z","canonical_url":"https://wefunder.com/cityfreighter#question-100425","answers":[{"id":100452,"entity_id":"wefunder:comment:100452","answer":"Paul, 1. Yes, TCO is an important part of the concept. We believe that electric drivetrains and batteries will become commodities and we focus on those things as you mentioned, e.g. \"click and go\" exchangeable bumper parts, or differentiating between using cheap brake pads which take a longer time to replace than for example using plug and play ones from Brembo (just as an example, electric vehicles do not need to change brake pads often, because of recuperation). We will come up with interesting features and our talks with fleet operators, e.g. UPS, confirm that answers to issues like the repair of composite bodies are pretty important. 2. This is a lot influenced by the price development of the batteries. In our business plan, we are planning to become profitable in 2023 at 10,000 vehicles/year, and we are planning to reach a pretax profit close to 9% in 2026. 3. The question every start-up likes -:)- well, I would either prefer a buyout or an M\u0026amp;A, an IPO would be not out of the question as well","author_name":"Michael Schoening","votes":4,"created_at":"2020-08-03T19:19:12Z"}]},{"id":114058,"entity_id":"wefunder:comment:114058","question":"I recently read an article on the funding Rivian has received for their EV Delivery vans from Jeff Bezos, Soros, T Price Rowe, and Ford and it would appear they are not that much further along. In fact your concept has greater appeal and function. All you lack to get this off the ground is a major backer. Have you tried to strike a deal with FedEx, UPS or the Postal Service for funding or purchase orders?","author_name":"Stephan Robinson","votes":4,"created_at":"2020-11-12T04:32:37Z","canonical_url":"https://wefunder.com/cityfreighter#question-114058","answers":[{"id":114066,"entity_id":"wefunder:comment:114066","answer":"Hi Stephan, you nailed it. This is the reason we are pushing ( with the help of this campaign as well) to get the beta out and ready asap. We are pretty much convinced that there will be a major backer then. We are working on some valuable collaborations which will help to get there as fast as","author_name":"Michael Schoening","votes":2,"created_at":"2020-11-12T05:55:01Z"}]},{"id":250758,"entity_id":"wefunder:comment:250758","question":"Have you looked into the airport ground service equipment industry to market these types of vehicles? Based on my experience, most GSE rely on the ICE for power. The low floor and box shaped bay may be advantageous to light air cargo or catering transport at and around the airport.","author_name":"William Howard","votes":3,"created_at":"2023-06-16T02:32:44Z","canonical_url":"https://wefunder.com/cityfreighter#question-250758","answers":[]},{"id":248265,"entity_id":"wefunder:comment:248265","question":"I am happy with how far CITYFREIGHTER INC has come thus far and look forward to increasing my stake. However, when the time of the IPO comes, I hope you'll remember that angel investors made your roots stronger. Please remember to use a broker that helps/enables your angel investors to easily transfer and sell their shares if they chose to enjoy their due Return On Investment like sharks/venture capitalists have done over the years. I hope we won't be screwed like Monogram Orthopedics (MGRM) recently messed up its angel investors.","author_name":"David Mboh","votes":3,"created_at":"2023-05-26T00:53:23Z","canonical_url":"https://wefunder.com/cityfreighter#question-248265","answers":[]},{"id":247846,"entity_id":"wefunder:comment:247846","question":"Why you are not using green hydrogen as battery rather than Electric battery where the electric battery take long time for charging around 3-6 hours in your vehicles for around 100 miles so the green hydrogen more efficient where is more sustainable with environment and the changing time is only view minutes and the distance is much longer for example in Morocco they have produce the first national car working with green hydrogen battery .","author_name":"Bader Zohdi","votes":3,"created_at":"2023-05-23T12:04:06Z","canonical_url":"https://wefunder.com/cityfreighter#question-247846","answers":[{"id":247847,"entity_id":"wefunder:comment:247847","answer":"We are open to new technologies and we are watching the hydrogen developments. The required range of our vehicles will be around 100 miles and they will be charged overnight at the depot. Ideally suited for electric battery operation. The initial cost of a hydrogen vehicle is much higher and even \"green hydrogen\" is not as efficient. We believe hydrogen will be an alternative for long haul trucks.","author_name":"Michael Schoening","votes":2,"created_at":"2023-05-23T12:12:49Z"}]},{"id":245768,"entity_id":"wefunder:comment:245768","question":"What is the price per share for the Second Round of CityFreighter? I invested back in December 2020 in a previous fundraising round but would like an answer to the question above before I invest again in this round. Thanks.","author_name":"Wesley C Remund","votes":3,"created_at":"2023-05-04T22:35:26Z","canonical_url":"https://wefunder.com/cityfreighter#question-245768","answers":[{"id":245812,"entity_id":"wefunder:comment:245812","answer":"Wesley, wefunder works with SAFE. Your investment turns into shares in the next funding round, at a pre-fixed valuation (post-money early bird = 23M). So a share price is hard to predict but with a, lets say $1,000 investment you would own 0,00435 % of the company before the next round. Does this help?","author_name":"Michael Schoening","votes":1,"created_at":"2023-05-05T07:59:55Z"}]},{"id":241874,"entity_id":"wefunder:comment:241874","question":"What is the dollar amount per share?","author_name":"Lartey Woods","votes":3,"created_at":"2023-04-06T16:08:50Z","canonical_url":"https://wefunder.com/cityfreighter#question-241874","answers":[{"id":246221,"entity_id":"wefunder:comment:246221","answer":"You pay for owning a percentage of the compsny before the next round happens","author_name":"Michael Schoening","votes":0,"created_at":"2023-05-09T15:02:24Z"}]},{"id":124411,"entity_id":"wefunder:comment:124411","question":"What ROI should an individual expect to receive from a $100 investment?","author_name":"Chris Hoop Inthebackyard Smith","votes":3,"created_at":"2021-01-14T01:08:40Z","canonical_url":"https://wefunder.com/cityfreighter#question-124411","answers":[{"id":124639,"entity_id":"wefunder:comment:124639","answer":"Chris, this is quite a question. And I can't answer that in numbers. Investors usually invest to expect a return in multiples... We will strive to grow the company but we can't guarantee any results or ROI numbers. You can determine where we are at the moment. If we move further and achieve our goals you could do your own math.","author_name":"Michael Schoening","votes":3,"created_at":"2021-01-15T09:48:10Z"}]},{"id":103204,"entity_id":"wefunder:comment:103204","question":"Great business model. What cities do you guys operate/look to operate in?","author_name":"Gregory Lee Jr.","votes":3,"created_at":"2020-08-22T03:12:28Z","canonical_url":"https://wefunder.com/cityfreighter#question-103204","answers":[{"id":103233,"entity_id":"wefunder:comment:103233","answer":"Gregory, we will focus on global markets, starting with the US and Europe. Major cities like LA and NY are for sure on the map but not exclusive. It is first of all as well depending on our customers.","author_name":"Michael Schoening","votes":4,"created_at":"2020-08-22T14:51:36Z"}]},{"id":257857,"entity_id":"wefunder:comment:257857","question":"Should go public via a SPAC. Now is the time","author_name":"Davinder Sharma","votes":2,"created_at":"2023-08-10T06:48:59Z","canonical_url":"https://wefunder.com/cityfreighter#question-257857","answers":[]},{"id":206729,"entity_id":"wefunder:comment:206729","question":"Minimum investment amount?","author_name":"Randy R Osborn","votes":2,"created_at":"2022-05-28T19:20:58Z","canonical_url":"https://wefunder.com/cityfreighter#question-206729","answers":[{"id":246218,"entity_id":"wefunder:comment:246218","answer":"250USD","author_name":"Michael Schoening","votes":0,"created_at":"2023-05-09T14:58:38Z"}]},{"id":206484,"entity_id":"wefunder:comment:206484","question":"Do you have any plans for AI implementation?","author_name":"Kyle Larson","votes":2,"created_at":"2022-05-26T21:25:49Z","canonical_url":"https://wefunder.com/cityfreighter#question-206484","answers":[]},{"id":193699,"entity_id":"wefunder:comment:193699","question":"How do I In vest ?","author_name":"Reginald Ross","votes":2,"created_at":"2022-02-23T02:05:14Z","canonical_url":"https://wefunder.com/cityfreighter#question-193699","answers":[]},{"id":151765,"entity_id":"wefunder:comment:151765","question":"What is the minimum investment?","author_name":"Miriam BARKUS","votes":2,"created_at":"2021-05-30T01:04:39Z","canonical_url":"https://wefunder.com/cityfreighter#question-151765","answers":[{"id":246219,"entity_id":"wefunder:comment:246219","answer":"250 USD","author_name":"Michael Schoening","votes":0,"created_at":"2023-05-09T15:00:11Z"}]},{"id":147417,"entity_id":"wefunder:comment:147417","question":"I want to invest . how long the money will be kept in the investment. Subash.","author_name":"Subash Chand","votes":2,"created_at":"2021-05-05T21:46:01Z","canonical_url":"https://wefunder.com/cityfreighter#question-147417","answers":[{"id":246220,"entity_id":"wefunder:comment:246220","answer":"We cant answer that, it depends on our progress","author_name":"Michael Schoening","votes":1,"created_at":"2023-05-09T15:00:53Z"}]},{"id":133893,"entity_id":"wefunder:comment:133893","question":"I just want to say I love what you are doing, and keep up the great work!! I can wait until the day that one of these modular electric vehicles is delivering my packages.","author_name":"D. William Zero","votes":2,"created_at":"2021-03-07T17:07:29Z","canonical_url":"https://wefunder.com/cityfreighter#question-133893","answers":[]},{"id":129328,"entity_id":"wefunder:comment:129328","question":"Hi the us postal service is currently looking to replace its postal delivery jeeps. Is this one possible thing you have looked into for your prototype van?","author_name":"Robert Pavelchak","votes":2,"created_at":"2021-02-08T21:33:35Z","canonical_url":"https://wefunder.com/cityfreighter#question-129328","answers":[{"id":129332,"entity_id":"wefunder:comment:129332","answer":"Robert, yes, but it is a closed process. They started years ago by selecting companies for prototyping. Those are the only candidates for the final round.\u0026nbsp;Technology has changed and we are quite\u0026nbsp;sure we would have come up with a competitive bid.","author_name":"Michael Schoening","votes":1,"created_at":"2021-02-08T21:39:19Z"}]},{"id":303296,"entity_id":"wefunder:comment:303296","question":"Hi. I feel like I haven't heard much about progress. Can you give a progress report please? How is the future looking? Thank you, Jasen","author_name":"Jasen Reed","votes":1,"created_at":"2025-03-02T00:55:04Z","canonical_url":"https://wefunder.com/cityfreighter#question-303296","answers":[{"id":329077,"entity_id":"wefunder:comment:329077","answer":"Hi Jasen, thanks for reaching out — and you’re right to ask. The past months have been challenging, mainly on the financing side, which slowed visible progress. That said, we’ve continued working in the background on both the technical and strategic side. The good news is: we are now clearly moving forward again. • We are currently finalizing a comprehensive investment package (CIM) and are actively in fundraising discussions • In parallel, we are preparing a new grant application with government support • Most importantly, we have secured a major industry-backed demonstrator project: the “RV of the Future”, which will be presented at the Caravan Salon Düsseldorf (the world’s largest RV show) this August This project brings together established industry partners and allows us to publicly demonstrate the platform in a very visible way — which is a big step for us in terms of positioning and credibility. So while progress may not have been very visible from the outside recently, we are now entering a phase where things become tangible again. Happy to share more details anytime. Best, Michael","author_name":"Michael Schoening","votes":0,"created_at":"2026-03-26T15:07:48Z"}]},{"id":293374,"entity_id":"wefunder:comment:293374","question":"are you guys familiar with the REE modular platform ? https://ree.auto/technology/","author_name":"Pramod Rustagi","votes":1,"created_at":"2024-10-01T18:09:26Z","canonical_url":"https://wefunder.com/cityfreighter#question-293374","answers":[]},{"id":277349,"entity_id":"wefunder:comment:277349","question":"is this investment still open ? I invested in the second round back in 2020.","author_name":"Pramod Rustagi","votes":1,"created_at":"2024-02-26T18:36:22Z","canonical_url":"https://wefunder.com/cityfreighter#question-277349","answers":[{"id":277440,"entity_id":"wefunder:comment:277440","answer":"Yes, still open-we are in the final discussions to start a significant project","author_name":"Michael Schoening","votes":0,"created_at":"2024-02-27T10:12:15Z"}]},{"id":276058,"entity_id":"wefunder:comment:276058","question":"How does the bankruptcy of competitor Arrival affect CityFreighter's plans? It seems to me it might be a good time to talk with UPS.","author_name":"Paul Kellam","votes":1,"created_at":"2024-02-12T14:31:13Z","canonical_url":"https://wefunder.com/cityfreighter#question-276058","answers":[{"id":277439,"entity_id":"wefunder:comment:277439","answer":"Paul, we are in the final discussions to start a larger project and will announce any news immediately","author_name":"Michael Schoening","votes":1,"created_at":"2024-02-27T10:10:09Z"}]},{"id":272637,"entity_id":"wefunder:comment:272637","question":"recently published ib IEEE Spectrum: https://spectrum.ieee.org/flow-battery-2666672335 about a promising potentially better battery technology","author_name":"Kenneth Fox","votes":1,"created_at":"2023-12-26T15:32:18Z","canonical_url":"https://wefunder.com/cityfreighter#question-272637","answers":[]},{"id":270526,"entity_id":"wefunder:comment:270526","question":"Looking for any current updates?","author_name":"Joe Lombardo","votes":1,"created_at":"2023-12-02T10:36:05Z","canonical_url":"https://wefunder.com/cityfreighter#question-270526","answers":[]},{"id":247854,"entity_id":"wefunder:comment:247854","question":"What is the price per share for earlier investors?","author_name":"Freddy Richard  Young","votes":1,"created_at":"2023-05-23T14:02:55Z","canonical_url":"https://wefunder.com/cityfreighter#question-247854","answers":[]},{"id":246439,"entity_id":"wefunder:comment:246439","question":"Good day Michael Schoening, I trust this message finds you in good health and spirits. I would like to inquire if you have a moment to discuss a few matters pertaining to your wefunder campaign. I apologize if this request is untimely or inconvenient, and I would be happy to schedule a more suitable time for us to connect. Your prompt response would be most appreciated. Thank you kindly.","author_name":"Teejani Ahmad Ayomide","votes":1,"created_at":"2023-05-11T02:36:24Z","canonical_url":"https://wefunder.com/cityfreighter#question-246439","answers":[]}],"faq":[{"question":"This looks like a fantastic idea. Your progress is amazing. You have product in Market. You have an open order for 500 units. Why are you valuing the company so low? Again I think this will be a huge success. Electric vehicles are the future. I am so glad that you are so far a...","answer":"Samir, really good question. We are not there yet but want to move quickly to be on the same levels as Rivian or Arrival. Once we can show the beta I am sure things will move. We want this to be happen asap as the market demand is growing. So this is an opportunity here to become part of the exciting future, at a great valuation"},{"question":"Very interesting approach to a large market. I have a few questions. 1. Is the modular approach expected to result in easier / lower cost repairs for customers? 2. What are your expectations on margins and profitability? For instance, on a $60K vehicle, what rough cost do you ...","answer":"Paul, 1. Yes, TCO is an important part of the concept. We believe that electric drivetrains and batteries will become commodities and we focus on those things as you mentioned, e.g. \"click and go\" exchangeable bumper parts, or differentiating between using cheap brake pads which take a longer time to replace than for example using plug and play ones from Brembo (just as an example, electric vehicles do not need to change brake pads often, because of recuperation). We will come up with interes..."},{"question":"Hi. Can you give me a breakdown of your revenue goals for the next 5 years instead of just year 5? Also, the 1.14 B shown in the 5 year forecast is for year 5 alone or cumulative for 5 years?","answer":"Hi Leonardo, yes it is cumulative. Y1\u0026nbsp;2021-$0, Y2\u0026nbsp;2022-$60,950, Y3\u0026nbsp;2023-$112,450, Y4\u0026nbsp;2024-$195,300, Y5\u0026nbsp;2025-$260,500, Y6\u0026nbsp;2026-$523,320.\u0026nbsp;We believe that this projection is quite a conservative one, in specific if you look at the current market development.\u0026nbsp;"},{"question":"I know there is a lot of competition in this space at the moment. Workhorse I assume would be one of your main competitors. How are you different from all the other companies at the moment competing in this space? Also is your ultimate plan to IPO?","answer":"Hi Camille, we don‘t classify them as competitors, more as a kind of market participants. It is important for all companies in this field to succeed. We followed\u0026nbsp;Workhorse for some time and it is a good example how things will go if you do not focus to make one product right. However, looks like this has changed and that they found their way now.\u0026nbsp;I had a chance to look at their new C650 at the\u0026nbsp;Work Truck Show in Indiana this year. If you would have the chance to compare our CF1..."},{"question":"Why do you think there is a market (or, rather what market exists) for a commercial vehicle that can only be used for 2 or 3 hours a day before requiring an overnight charging session? As an operator running an 8-hour/day operation, do I have to buy 3 trucks instead of 1, in o...","answer":"Thomas, we are focusing on the inner-city \"last mile\" delivery market. Those delivery vehicles operate within a maximum range of 50-80 miles per day and therefor the range provided is more than sufficient for a daily operation of one truck. We will offer fast-charging as an option. And you could extend the range by using a larger battery (unfortunately the main cost factor for EV's). When developing an EV truck it is important to optimize every single part and to save weight. We are quite sur..."}]}}}