Battle Approved Motors
An Elite, Electric, Zero Emission Off-Road Vehicle
Phoenix, AZ
Transportation
Clean Technology
We want our Electric UTV to be like Ferrari meets Tesla in the dirt. Battle Approved Motors (BAM) develops electric vehicle technology for work and performance-based off-road vehicles.
$1,069,925
raised
1,369
Investors
$6.29M
Valuation
$0.26
Price per Share
$325.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on October 19, 2021 and is no longer accepting investments.
Reasons to Invest
The UTV market is currently valued at ~$6 billion and estimated to grow with a CAGR of 6% between 2019 and 2025
We believe we will be the first high-end Elite UTV straight out of the box, delivering elite ownership, experience, and performance
Zero emission vehicles with no carbon footprint, no noise pollution, and reliable, high-performing electric batteries
Overview
The idea for the ultimate UTV is born..
In early 2015, Chris James and his film team began producing an extreme sports film, called Mod Kids USA, which documented the lives of an elite class of youngsters who race mini off-road trucks called mod karts. In our eyes, it was the most exciting sport never-to-been seen by the masses, better than NASCAR, as it’s in the dirt with jumps and berms, similar to Supercross. Over the last 5 years, that film has turned into multiple films, now being released on Prime Video.
video
In 2017, UTVs started to encroach on short-course racing and began growing in popularity, being more affordable than trucks. The kids in our documentary would have to leave the mod kart class at 16 years old and upgrade either to a larger truck class, which costs close to a quarter of a million, or a UTV which didn’t perform as well.
Thus, in 2018 the idea of Battle Approved Motors was born. Since then, as we team up with a number of Pro drivers and key brands in the industry, we have been developing our race model vehicles that will be ready by 2022.
Computer generated rendering of vehicle currently in development
Invest for a lifetime discount on our BAM Legacy Membership!
BAM Legacy Membership provides early access to products + membership privileges to the primary investor, spouse, children & children's children. Privileges include events, track usage, subscription plans, vehicles + parts. Membership will include access to our private testing facility and grant the primary investor initial rights to the purchase of a future homesite.
The Solution
“We want our Electric UTV to be like Ferrari meets Tesla in the dirt.”
Computer generated rendering of vehicle currently in development
Battle Approved Motors will be one of the first high-end Elite UTVs, straight out of the box. We are eliminating the need to go to a fab shop to have a vehicle cut down with a new roll cage and numerous expensive aftermarket parts. As our business development manager, Kenny Osborn puts it, “We are like Ferrari meets Tesla in the dirt”. Battle Approved Motors is an early-stage startup currently in the design for manufacturing, test, and validation phases.
*Computer generated rendering showing vehicle at its lowest suspension level called "ground zero"
Unlike ATVs (all-terrain vehicles), which are meant for single riders, UTVs (utility task vehicles or utility terrain vehicles) tend to be beefier and allow for “side-by-side” riding, which makes them great for families and allows them to be used on public roadways, not including state and interstate highways. Our UTV is about luxury, ownership, experience, and performance and our 3 Side-by-Side models (r101, s102, and e103) are powerful, strong, stylish, and tailor to all.
Computer generated rendering of vehicle currently in development
The Market
The multibillion-dollar UTV market is fast-growing
The North America ATV and UTV market was valued at USD $4.30 billion in 2018 (Source). The utility task vehicles market was valued at US $4.12 billion in 2017 and estimated to grow with a CAGR of 6.7% during the forecast period from 2018 to 2026 (Source, Source).
In 2008, the number of UTVs sold in the U.S. was around 270,000 units before the financial crisis took hold. In 2016, that number had grown to just under 411,000! (Source).
Battle Approved Motors plans to disrupt the current $6 billion industry by offering a safer professional UTV straight out of the box to the general public. These vehicles will also be street legal in over 32 states, and anyone 16 and above will be able to drive one.
Computer generated rendering of vehicle currently in development
Our Traction
A solid foundation with partnerships in place
In February of 2019, BAM was incorporated and in September of 2019, the concept team assembled and got to work. Our development team began working in November of that year and the manufacturing facilities were secured in February 2020. We completed the design development of our concept chassis and e-platform Battle Board in March of this year and started our partnership development team in July. We currently have two manufacturing facilities for our r101 model, one in Arizona and one in Wisconsin.
What We Do
The one-stop-shop for durability, safety, cleaner energy, and style
Our flagship model is the e103. This is a 2-seater (and 4-seater) All-Electric UTV. We believe that electric is the future and that UTV owners need a better, cleaner option. Therefore, we see ourselves as a clean tech company. Via electrification and with our 3 models, we believe we're able to provide a superior vehicle with better performance and safety features than the competition.
All Battle Approved models are to be built to withstand the harshest conditions worldwide. Using proprietary reinforced tubular frames, crash structures, and roll cages, they will be able to handle extreme winter and summer conditions. The race model also known as The Freestyle, due to the way it can corner, jump, and slide. It is able to withstand “gravel, rock, mud, ice, snow, water, and sand” thanks to its surfboard-like setup, with power and torque figures already exceed that of Rally Championship racers. The Freestyle comes in 3 models; Race Ready, Super, and Elite.
Although we are still in the early design stages, we believe our UTV model is already cooler and sleeker than any other on the market. The performance of our test vehicles has not only been smooth and fast, but due to the team we are building, we also feel we can get to market in the same timeline as our competitors.
How We Are Different
One of the first UTVs to keep up with the big dogs!
A few years ago we noticed a huge gap in the market at the race-track. There wasn’t a UTV that could perform as well as the trucks, and we believe there still isn’t today. UTVs were first introduced to help farmers move around their land easier. The fact is, UTVs were not originally designed to be powerful, race, and jump. Our vehicle will be one of the first UTVs designed to do all three.
Computer generated rendering of vehicle currently in development
BAM is breaking away from the traditional mold for UTVs and working to build something more economical, greener, better performing, and safer than what currently exists on the market. We are simplifying the process of purchasing a UTV with our one-stop, luxury, all-in-one vehicles that can be used for recreation and performance alike. While current UTVs are mass-produced using metal that is being welded by machines in minutes, Battle Approved UTVs use Chromoly tubing (the same material used by professional racers) and are TIG welded by hand. Chromoly is a chrome-alloy steel, stronger and lighter than mild steel, more commonly used in off-road racing and top of the line bike manufacturing.
*Computer generated rendering showing vehicle at its lowest suspension level called "ground zero"
The Vision
On a mission to become the fastest growing off-road brand in North America
In 2022, we will be launching a new off-road racing class, created in partnership with DASH Radio and its founders, featuring the Race Ready model. This launch will become a key marketing platform for the progression of Battle Approved Motors and is described as “an extremely exciting new off-road racing class for 16-year-olds and up, which will also help highlight the impact of climate change and in time promote the adoption of electric vehicles moving forward to help preserve the environment.”
Within 3-5 years we believe that Battle Approved Motors will be the fastest growing off-road brand in North America. With passion and vision behind us, we will continue to grow our income generated from our race-ready models, utilizing the technical minds of our race teams’ engineers.
Computer generated rendering of vehicle currently in development
OUR LEADERSHIP
Innovation lead by professional racers and successful entrepreneurs
Founded by Chris James, a former BMX racer, film-maker, and entrepreneur, Battle Approved Motors is an early-stage startup currently in the design for manufacturing, test, and validation phases. After creating and producing the successful extreme sports film series “Mod Kids USA,” available on Prime Video, James went on to work extensively on the Battle Approved Motors concept for the last five years.
The team at BAM is now made up of both successful entrepreneurs and professional racers. Our team is currently 9 members and expected to grow to over 26 people over the next 18 months.
Why Invest
UTVs are here to stay, so let’s make them into something great
As UTVs continue to grow in popularity, with a market valued at $6 billion, we are providing a solution of the highest quality and caliber. Built with style in mind and made to withstand the harshest conditions worldwide, our UTVs are better for the environment and make it easier for consumers to get their needs met in one place. Our investors are professional racers, weekend warriors, and performance enthusiasts and now, we want to be able to give the off-road community, our supporters, and future owners, the opportunity to share in our financial goals. We want Battle Approved Motors to be a company for the people, and families who just love the outdoors, as well as a company where they can be a shareholder, and together exceed our future plans, expectations, and goals. We hope you will join us in our vision to disrupt the market, change the off-road industry, and revolutionize the UTV experience.
Computer generated rendering of vehicle currently in development
Quick Insert
Offering Summary
Company | : | Battle Approved Motors Inc. |
Corporate Address | : | 2801 E. Camelback Road, Suite 200, Phoenix, AZ 85016 |
Offering Minimum | : | $9,999.86 |
Offering Maximum | : | $1,069,999.84 |
Minimum Investment Amount(per investor) | : | $325.00 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 38,461 |
Maximum Number of Shares Offered | : | 4,115,384 |
Price per Share | : | $0.26 |
Pre-Money Valuation | : | $6,294,116.92 |
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
BAM Legacy Membership provides early access to products, + membership privileges to the Primary investor, spouse, children & children's children (inc. events, track usage, subscription plans, vehicles + parts)
Our private testing facility will be open to its members and their guests. Membership will include access to all tracks, amenities, and perks of being a member. Membership will also grant initial rights to the purchase of a future homesite.
Early Bird
Friends & Family - First 48 hours | 50% bonus shares
Super Early Bird - Next 72 hours | 25% bonus
Early Bird Bonus - Next 7 days | 15% bonus shares
Volume-based
Tier 1 ($500+) - 5% discount for life with Legacy Membership
Tier 2 ($1,000+) - 10% discount for life with Legacy Membership
Tier 3 ($5,000+) - 5% bonus shares + 15% discount for life with Legacy Membership (Silver)
Tier 4 ($10,000+) - 10% bonus shares + 20% discount for life with Legacy Membership (Gold)
Tier 5 ($20,000+) - 15% bonus shares + 25% discount for life with Legacy Membership (Platinum) + Private testing facility tour
Tier 6 ($50,000+) - 20% bonus shares + 30% discount for life with Legacy Membership (Black) + Private testing facility tour + 1 on 1 call with founder
*All perks occur when the offering is completed.
The 10% Bonus for StartEngine Shareholders
Battle Approved Motors, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $0.26 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $26. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
We will not incur any irregular use of proceeds.
Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$80,690.00
USD
$100.00
USD
Cash And Cash Equivalents
$80,690.00
USD
$100.00
USD
Accounts Receivable
$0.00
USD
$0.00
USD
Short Term Debt
$12,338.00
USD
$10,140.00
USD
Long Term Debt
$0.00
USD
$0.00
USD
Revenues And Sales
$0.00
USD
$9,379.00
USD
Costs Of Goods Sold
$0.00
USD
$0.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$13,827.00
USD
-$13,985.00
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
⚡ 50% BONUS SHARES! News For People on The Waitlist + BAM Investors.
about 1 month agoWith the overwhelming interest and quick wrap up of our initial offering, in an exciting announcement today; BAM is offering 50% bonus shares in our new offering to investors who were on "The Waitlist" in our first StartEngine Reg CF campaign, but missed out. *
Further to that, BAM is offering 50% BONUS shares in the first 48 hours to anyone following our new Start Engine page, PLUS any volume-based bonus shares.
So, head on over to our new Start Engine page by clicking this link >> https://www.startengine.com/bam
- Rolling to the future ✓
* This means waitlist investors could receive 100% BONUS shares if they invest in our latest offering within the first 48 hours, PLUS any volume-based bonus shares.
Campaign Closing Soon
3 months ago
Hello all,
Thank you so much to our amazing investors for helping us with our raise. We truly appreciate you. Our campaign will be closing out officially on Monday, October 18th. We have exciting announcements soon, so please stay tuned!
- Rolling to the future ✓
Notice of Funds Disbursement
4 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Battle Approved Motors has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Battle Approved Motors be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Notice of Funds Disbursement
4 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Battle Approved Motors has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Battle Approved Motors be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
$1.07M Reached! You Can Still Join the Waitlist!
5 months ago
You Can Still Join The Waitlist!
We are extremely grateful to every investor that has invested in BAM thus far! And we're excited to watch the BAM FAM grow.
Having reached our first goal of $1.07M, you can still join the waitlist if someone drops off. So click that "JOIN THE WAITLIST" button at the top of the page.
We're looking forward to sharing the next stage of our battle plan with you. There's a little clue in the image above.
Notice of Funds Disbursement
5 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Battle Approved Motors has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Battle Approved Motors be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
5 Surprising Facts About Electric Vehicles
5 months ago
5 Surprising Facts About Electric Vehicles
1. Electric Vehicles help with better air quality, reduced noise pollution, enhanced energy security and in combination with a low carbon power generation mix, reduced greenhouse gas emissions. Electric vehicles play a vital role in the global net-zero emissions race and the BAM plan is also in effect via this campaign!
2. EV sales Increased by 41% in 2020. Now, that’s a pretty big jump! And sales are only going to increase.
3. With 10 million electric vehicles rolling across the World - that's just 0.7%. By 2030, this figure could be 7% or even more! So there’s PLENTY of growth in EV, which is great for investors. It’s expected that there will be 115 million vehicles in the global electric vehicle fleet by 2030.
4. In 2020, 54% of all new cars in Norway were EVs. Currently, Norway dominates the global race for EV adoption. A country of just over five million people, with more than 100,000 electric vehicles.
5. Dynamic charging involves under-road pads that, for some larger vehicles, wirelessly deliver power to the receivers under the car. In the near future, EVs will be charged while driving on the road.
Plus with off-grid charging already in the works via companies like Rivian, Ford, Jeep, and of course BAM! - The Future is Electric.
Invest in BAM today to Join us on this exciting journey.
- Rolling to the future ✓
BAM Surpasses $900,000 📈 Join the BAM Fam Today!
5 months ago
Hello BAM Shareholders & Supporters,
We just passed another major milepost in our crowdfunding journey with $900k raised! We want to thank all our investors for your enthusiasm and support. Together, we will turn our vision of becoming the fastest growing off-road brand in North America into a reality.
If you are still considering investing in BAM, now is the time! Once we hit our fundraising cap the campaign will be over.
Click the green Invest Now button today! And once again, to all our investors who got us this far – THANK YOU!
Invest today to Join us on this exciting journey.
- Rolling to the future ✓
Can't Stop, Won't Stop... Growing! 🌎 ...as news of BAM reaches the other side of the world
5 months ago
MAN OF MANY is Australia's Largest Men's Lifestyle Site. It features the latest in gear, fashion, tech, cars, style, products, sneakers, travel, culture & more. And the publication down under has just “highlighted” BAM!
As BAM gets closer to wrapping up this round - the time to jump in (if you haven't already) is NOW!
Please share this link with your smartest friends & family members.
https://startengine.com/battle-approved-motors
- Rolling to the future ✓
✨ Insider.com Exclusive Interview With Founder/CEO Chris James
5 months agoBusiness Insider interviews Battle Approved Motors (BAM) Founder/CEO Chris James at Insider.com
To read the entire article, click HERE.
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