# Join Us in Reaching the $250K Milestone and Fueling Boaz Bikes' Exciting Future! | Boaz Bikes

- Canonical URL: https://wefunder.com/feed/170051
- Entity ID: wefunder:feed_item:170051
- Published at: 2024-01-18 15:21:43 UTC
- Updated at: 2025-07-16 01:22:42 UTC

## Author
Emil I NNANI

## Subject
Boaz Bikes

## Content
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: Raise $250K in this Seed RoundYour contribution will fuel the next steps in our strategic growth plan.Step 2: Refurbish & Update Current FleetWe plan to revitalize our existing fleet, ensuring enhanced reliability and a top-notch experience for our users.Step 3: Reach $300K Monthly Recurring RevenueAchieving this milestone will position us for sustainability and growth, generating $300K in monthly recurring revenue with a robust 65% gross margin.Step 4: Close Series A (Private & Not Crowdfunded)With a solid foundation, we aim to secure additional funding through a private Series A round by the end of the summer.Step 5: Get 4,000 More Vehicles into ProductionExpanding our fleet by 4,000 vehicles will be a critical step towards scaling our operations and reaching new markets.Step 6: Expand Only into Profitable MarketsWe are committed to strategic growth, focusing on markets that are proven to be profitable upon launch (mix of universities & cities).Step 7: Focus on Our Franchise ModelBuilding on the success of our franchise model, we aim to establish small-market operations (50-100 vehicles) run by local teams, fostering community engagement.Our overarching goal for 2024 is to position Boaz Bikes for a strong strategic shift in 2025 going into 2026, whether through going public or pursuing acquisition opportunities. Your continued support is instrumental in propelling us toward these ambitious milestones.Join us in making a lasting impact on urban mobility. Let's push together to reach the $250K milestone and pave the way for an exciting future at Boaz Bikes!If you have any questions or would like more information, feel free to reach out via email. Your partnership means the world to us.Best regards,Boaz Bikes TeamContext: Helbiz scooters went public in 2021 with about 10,000 vehicles in their fleet, generating $10M in revenue at a $300M valuation. However, the overall industry is currently facing challenges, with many operators struggling to turn a profit. This means we may not get the same value as they did, but we believe we can generate more revenue with fewer vehicles and be profitable.