Cityfreighter
Electric Trucks for the Last Mile
Regulation Crowdfunding
Santa Barbara, CA
Business to Business
Accepting International Investment
Investment Opportunity in Cityfreighter
We're raising $1 million dollars to finalize our working prototype, and to prepare for the go-to-market of our first electric delivery truck, the CF1
Product image are computer generated, product is in concept stage. Final product may vary.
CityFreighter is a clean-tech startup with team members in the US, Europe, and Asia. We are developing smart, medium-duty (class 4 and up) commercial electric vehicles for the "last mile," combined with intelligent front- & back-end integration with our customers’ value chains to meet the needs and challenges of urban logistics in the future.
We are raising funds to finish the development of the full-scale functional CF1 prototype.
Last Mile logistics will change, and they face a lot of future challenges.
We believe the problem in the industry lies beyond just swapping fossil fuel operated motors with electric ones. Electric drivetrains and batteries are quickly becoming commodities. Now we can focus on what is important: To develop customized vehicle concepts, which seamlessly integrate into the existing infrastructures and evolving business requirements of fleet operators.
CityFreighter's modular approach enables precisely such customization of key infrastructure components serial production of commercial vehicles, and that is a key differentiator compared to large OEMs and other competitors. Developing fully customized trucks for large fleet operators becomes a reality.
Upcoming Changes in an Anticipated Growing Multi-Billion Dollar Market
In need of Intelligent Solutions
The transportation and logistics industry faces many changes.
By 2030, 70% of all people will live in bigger cities and this growth will have an impact on urban logistics. One consequence of this is that the demand for sustainable, compact, pollution-free commercial vehicles is steadily growing. Furthermore, upcoming regulatory changes for inner city traffic will lead to a rapid increase in the sales of commercial electric vehicles for urban deliveries. We believe delivery vehicles for that "last mile" require a reach of approximately 100 miles and maximum, modular load solutions. The increasing shortage of drivers is another issue. According to the IDTechEx report "Last Mile Electric Vehicles 2018-2028", estimated that the last mile EV market will reach over $792 billion by 2028.
Source: McKinsey Center for Future Mobility
Source: McKinsey Center for Future Mobility
Electro-mobility is a disruptive technology. Commercial logistics will change drastically within the coming years. We believe billions of dollars will be invested. This offers a lot of room to innovate and change the world. And it provides unique chances for new companies to move into that space and take a slice of pie from this growing market. Our target customers include large fleet operators for inner-city logistics, as well as maintenance and service providers. We believe that we are addressing a quickly growing multi-billion dollar market. We believe our rapid proto-typing and go-to-market approach will enable us to gain a significant market share.
According to a recent report and statement by Lisa Jerram, the numbers of hybrid-electric and electric trucks is set to grow by almost 25 percent annually. McKinsey's latest research reveals that electric trucks could account for 15% of global truck sales by 2030, with favorable segments like urban light-duty trucks reaching sales as high as 25% to 35%.
Our Solutions
We will offer fleet operators very competitive “total cost of ownership”, customized (cabin, structure, outer design etc.) electric delivery trucks with modular storage solutions offering maximum loading capacity and extensive integration possibilities into their existing customer service, order management and route optimization systems. To enable that we plan to leverage AI, blockchain and more.
Autonomous Driving is on our roadmap for sure, but we believe, compared with passenger vehicles, this technology needs a much different and more individual approach for the logistics industry.
We are raising funds to finish the development and pilot of the full-scale functional CF1 prototype to show-case the latter features. Our first model, the CF1, uses an existing cabin with add-on parts to modify the design. We believe this approach will significantly reduce tooling costs and development time.
The modular manufacturing process will be outsourced, including using a fully automated production line for the cabin, and we will operate production facilities close-to or in key markets for final assembly and customization. Cityfreighter will operate in the US and Europe.
"Our approach significantly reduces tooling costs, development time and supports our fast go-to-market plans via a quickly scalable production volume. It will allow us to rapidly develop different designs for different customers’ value-chain requirements"
Michael Schoening
President
Product images are computer generated, product is in concept stage. Final product may vary.
Our Mission
"We will become a leader in Clean Urban Logistics Solutions. We will design premium customized electric trucks for our customers, to solve their key problems. Making the impossible possible"
The Opportunity
Investment
10$/share│When you invest you are betting the company’s future value will exceed $5.0M.
Perks*
If we reach a minimum of $250,000
All investors are eligible for the following**:
-2 Investors will be randomly selected and will receive a personal invite to the public unveiling event of the CF1 prototype in California, including airfare and luxury accommodation. You will meet the team and will have a dinner with the founders. And, a full test-drive.
-All initial investors in Cityfreighter will receive VIP status and will be invited to every public event (transportation, accommodation, food not included)
**1 Entry for every 100 shares purchased
**Winners will be selected within 30 days of completion of fundraising
**Offer excludes family and friends of Cityfreighter employees
The CF1 prototype is expected to be unveiled on or before January 2019
PERK ADVANTAGE 1
$5,000+ Investment
You will be invited to visit our factory in California and to meet the real people behind Cityfreighter (transportation and accommodation not included). Well, you will be also invited for lunch at In N' Out Burger :)
PERK ADVANTAGE 2
$10,000+ Investment
You will receive a personal invite to a dinner with the founders. Location and time need to be mutually agreed on (transportation and accommodation not included).
*All perks occur after the offering is completed.
For details on the bonus, please see the Offering Summary below.
What We Have Accomplished So Far
We have met with industry leaders around the world to find innovative solutions to transportation and pollution challenges
The feasibility studies are completed, we have tested different drive configurations and finalized the complete truck layout design. The cabin and chassis are already in production. Together with our manufacturing and engineering partners, we plan to deliver the functional prototype within 3-4 months' time from fund-raising completion.
The next step is to manufacture the add-on parts for the prototype. This requires additional tooling for the fiberglass parts. Processing time is anticipated at 2-3 months.
We are currently designing the battery select system for which we developed an optimized energy supply concept to fit the batteries to our specs in terms of weight distribution and accessibility.
For our new interior design, we need to work on the new CAN-bus system and software implementations.
Martin, one of our team members, has extensive and long-time experience with developing automotive electronics and advanced driver assistance systems.
And, we filed the first patent application, more are in progress.
This application is currently owned by Michael and the full rights will be transferred to the company in the future for no extra compensation.
Product images are computer generated, product is in concept stage. Final product may vary.
"Vision without action is merely a dream. Action without vision just passes the time.
Vision with action can change the world."
Joel A Barker
How we intend to enter the market.
We intend to sell large numbers of electric trucks and become a major player in the electric truck industry
Product image is computer generated, and product is in concept stage. Final Product may vary.
We are planning to start production in Q4 2019 and will start with our CF1 Basic flatbed version model. Third parties can buy the basic model and customize back structures or cargo boxes according to their own needs. We will also offer the CF1 City model, the Basic version combined with our standard cargo box.
The intelligent mobile hub system option will be sold to fleet operators and the design can be customized (e.g. material container, mobile hub, mobile sales kiosk etc.). In general, we plan to offer customization on design for larger quantities. Another option would be the Low-floor version. More info on that in the section below "The Low Floor Option".
Product image is computer generated, product is in concept stage. Final product may vary.
Key facts about the projected CF1
- Drive-able with a basic driver’s license
- Up to 2300 kg/ 5070 lbs payload,
- Class 3 light duty truck
- Up to 20m³/706 cf³ cargo volume
- 100 miles range with basic battery
- Add-on Clean energy provided by solar power
- Basic price below $50,000
- Optional "Battery Select" upgrade (at purchase or later)
- Optional "fast charging"
- Regenerative braking
- Remote operations with mobile app
Product image is computer generated, product is in concept stage. Final product may vary.
We will sell direct, online and through selected distributors.
Service will be offered through a third-party system, and we are in talks with companies like Ryder about that. In a meeting with Chris Nordh, Senior Director - Advanced Vehicle Technologies & Global Fuel Products at Ryder System, Inc, he expressed great interest in our CF1 and stated: "I want to be the first for a test ride". Happening soon, Chris! We are also talking to other potential customers like UPS and DHL.
Product image is computer generated, product is in concept stage. Final product may vary.
Technology & Features
Product image is computer generated, product is in concept stage. Final product may vary.
Our modular concept will allow us to develop a customized payload space and to manufacture the final design in serial quantities at favorable costs. We can build everything to the needs of the fleet operators. Cabin, Structure, Outer Design.
We believe Electric Mobility disrupts the industry. No more need to invest hundreds of millions of dollars into engine development. Drive-train, battery - all will become commodities. Now we can concentrate on developing a truck to meet the needs of the customer, and last but not least, the driver.
All this places our customers front and center by looking deep into their operations, their infrastructure and listening to their plans for the future.
We will also spend time with the drivers and interview them about their day-to-day routine to identify their needs.
Product image is computer generated, product is in concept stage. Final product may vary.
One Key Element in our vehicles will be a centralized, driver-oriented display for battery information, navigation, audio control, open source logistic software integration and more. We want to provide maximum visibility, workflow clarity, efficiency, and safety for the driver. The trucks will be completely operated by the central display and the multi-function steering wheel.
For the battery technology, we are working with an experienced lithium-ion battery manufacturer who has been serving the EV industry for many years. The unique liquid cooling circulation system does not need a separate compressor and provides fast cooling speed and a good consistency within the given temperature fields.
For the "last mile", usually, the trucks will be charged overnight at the depot so, no fast-charging is needed. We will offer fast-charging as an option.
The "Battery Select" option will be an innovative concept. We can't disclose too many details at the moment as we are in the process of filing another patent application. In principle, there will be a basic package installed, up-gradable by "plug and play" modules.
Our modular concept will allow a flexible implementation of new battery technologies. We are in talks with FISKER to test their solid-state battery in one of our future CF1 prototypes. We are also closely following the hydrogen cell developments and are studying inductive charging technologies. For the drive-train, we are in talks with BOSCH, a global premium automotive supplier. We believe working with premium suppliers reduces the possible risks and will further accelerate our development process. In addition, it will further enable our ability to scale-up production quickly.
A clean and functional cockpit for the truck and the driver. Easy access to information. Implementing modern and minimal design elements to achieve maximum productivity.
Product image is computer generated, product is in concept stage. Final product may vary.
We love aesthetic design and innovative technologies. Premium craftsmanship and high quality always make a difference.
Outstanding Total Cost of Ownership Ratio
Maximum Load Capacity
Plug and Play Battery
Advanced Connectivity
The Low Floor Option
Product image is computer generated, product is in concept stage. Final product may vary.
Low-Floor chassis offers certain advantages for inner-city logistics which deal mostly with single box distribution. The low entrance level allows fast in and out operations and saves significant time during a regular day, as well as being healthier for drivers and crew
In addition to inner-city distribution, a low-floor chassis can serve as a base for a variety of vehicles:
- Vending trucks
- Mobile offices
- Food trucks
- Campers and mini-busses
COXX Mobile Systems in the Netherlands, a leading supplier of innovative transport solutions and the inventor of the X-low floor chassis, is in talks with us to find a specific chassis solution for our CF1.
Product images are computer generated, product is in concept stage. Final product may vary.
The Intelligent Mobile Hub Concept (Option)
In any case, the increasing demand for "access points" or "mobile hubs" for small-scale local deliveries forces the leading logistics companies to invest in the development of suitable modular and transport-efficient solutions.
Currently, UPS and DHL are testing different concepts.Those hubs will be placed within the inner-city boundaries, and the content will be further distributed by bicycles, smaller transport vans and other
delivery services for the "last meter"
Click on the image and check out the video animation, explaining the concept. The intelligent mobile hub concept is just one option, and we might outsource or license the technology to third parties as well.
Mobile hubs can be used as package pick-up and drop-off stations or as temporary material storage containers for construction companies. We believe the ability to be interchangeable will allow it to serve multiple locations from one truck thereby further reducing traffic congestion and operating cost. The mobile hub will communicate with the truck telematics through the cloud. RFID readers will determine the status of loaded or unloaded packages.
Our intelligent mobile hub concept will solve the problem. It will come with integrated photo-voltaic layers, providing the power to support loading/unloading. With the push of a button (e.g. smartphone app) the CF1 will connect with the mobile hub and process the unloading and loading automatically.
And yes, we will have autonomous moving ability, e.g. for the container to move itself into its parking spot! The mobile hubs will have the flexibility to be placed at different locations and function as an access point for small-scale local deliveries.
Product image is computer generated, product is in concept stage. Final product may vary.
Charging Infrastructure
Charging Infrastructure will be provided by professional partners
Vehicles for the last mile usually operate within a low range. Research often puts this at 100 miles being the the maximum reach needed for inner-city deliveries and other operations.
More battery capacity means more weight and more cost. Those vehicles charge during the night at the depots. Simultaneously charging 3-4 vehicles can usually be handled by standard grids. Most of our customers operate many more vehicles.
This will require building a sufficient infrastructure within their depots, and optional "fast charging" will be another challenge for the grid.
We are talking to companies like Black and Veatch (the guys who built up most of the Tesla Superchargers in the US) for possible partnerships to offer our customers full package solutions and to provide the confidence of being in professional hands.
Product image is computer generated, product is in concept stage. Final product may vary.
Comparing the Projected CF1 with Competition
Workhorse N-GEN Long
What we like:
- great cabin concept
Range: up to 100 miles
Payload: 2267 kg/5000 lbs
Cargo : 28m³/1000 cf³
Price: $60,000+
Mercedes E-Vito
What we like:
- it is a Mercedes :)
Range: up to 93 miles
Payload: 1073 kg/2365 lbs
Cargo: up to 6.6³/233 cf³
Price: $45,000+
Streetscooter Work L
What we like:
- an interesting vehicle
Range: up to 104 miles
Payload: 960 kg/2116 lbs
Cargo: 8m³/282cf³
Price: $48,000
Mercedes E-Sprinter
What we like:
- it is a Mercedes, too :)
Range: up to 93 miles
Payload: 1000 kg/2204 lbs
Cargo: up to10.5 m³/370 cf³
Price: $50,000+
Compared to our competition, we believe that our CF1 will outperform in multiple ways. Our price point has been set to attract more fleet operators to change to clean technology. By comparing the value of the complete package, consisting of price, payload capacity and innovative features enabling more cost savings in operation, we believe that the CF1 will set new standards in the industry.
Financial Planning and Outlook
Growing fast
Go-To-Market
Predicted revenues/expenses :
2018 $0 / $400,000
2019 $7,500,000 / $15,000,000
2020 $120,000,000 / $100,000,000
2021 $250,000,000 / $220,500,000
2022 $500,000,000 / $445,000,000
* For a more detailed explanation of the forward looking information listed above, please see the Financial section below.
Key facts and Milestones from our plan:
- Sep/Oct 2018 Startengine campaign to finalize the prototype
- Jan/Feb 2019 Prototype finished
- Feb 2019 Series A funding
- Apr 2019 Official public launch of the CF1 at the ACT Expo in Long Beach, California
- Q4 2019 European Homologation
- Q3 2019 US serial assembly starts
- Q4 2019 European assembly starts
What Makes Our Team Special
We have a great team.
The core team members come from different industries because we think that this is important to generate an "out of the box" view to innovate and to change existing industry patterns and to understand the processes and real needs of our customers. All of us share the passion to create something special, to invest our knowledge and creativity for CityFreighter and to become a leader in innovative logistics solutions.
Having a vision is a great start, but the execution is key! That is why we immediately brought on board “heavy-hitters” with a strong track record of turning strategy into money-making reality.
Invest in CityFreighter today!
Now you can be part of this exciting journey, and a little investment in our startup could make a big difference.
Invest in a promising business and team and support the environment.
Invest in CityFreighter and help us to create a better future.
Product image is computer generated, product is in concept stage. Final product may vary.
CityFreighter FAQs
What is the story of CityFreighter? How did you come up with the idea?
Two years ago, Michael, one of our founders and a big Tesla fan, was looking at the developments in the commercial EV market and concluded that there wasn't much happening. On the other hand, Michael was sure that for e-mobility to become more accepted, the commercial market will be a key driver as the rapidly growing eCommerce business and inner city pollution discussions will be a source of conflict and opportunity.
Michael told a friend that he would like to start a new company and to develop commercial e-trucks. "You are not able to do it", the friend answered, "too much money needed". Well, you need to know that statements such as "you are not able", or "you can't do it" are words which are not part of the team’s vocabulary. There is always a way! You just need to find the right directions. First, extensive market research started. The first idea was to form a joint venture with a large Chinese brand.
One day, during multiple visits to truck factories, Michael was watching the assembly at one of China's leading truck manufacturers, Foton, and figured "There is no magic ingredient here” After that, the modular concept to develop a new brand, to outsource production to reliable suppliers and concentrate on R&D and final assembly was born. A way to start an automotive manufacturing company with relatively low investments leveraging the advantages of e-mobility. Since then a lot has happened. The team has been built, the concept has been detailed at every step and here we are.
Are you guys not too ambitious, or do you really think that you can deliver?
The KEY thing for us is to be real. So, despite some dreamers presenting fantasy "photoshop" designs and "somehow in ten years" wishful thinking strategies, we focus from the start on delivering. The experience within the team on manufacturing and how to execute challenging projects plays an important role here. When we say we will be able to finalize the working prototype within 3-4 months, you can be sure that we have a detailed plan in place to execute that. We flew around the globe, had hundreds of meetings and discussed our strategy with premium automotive suppliers, like BOSCH. The whole truck layout and production plan is ready.
Established manufacturers have invested heavily to develop electric trucks. How can CityFreighter compete with them?
Some of the team does not have any experience in the automotive industry, but they know how to develop a business, have engineering experience and are motivated to make a change. And often it is an advantage to come from the "outside" and bring fresh perspectives to processes which are in place for many years, to identify combinations of using innovative new methods and established ones. And having a team of 100 engineers or just 10 working on a new invention does not automatically mean the bigger team will be more effective. But, you need to pay for the bigger team. The key is that mobility is a disruptive technology. We believe this offers a lot of new opportunities. More small-scale companies will now have the chance to innovate in this field. We have decided to outsource our production to reliable suppliers, taking advantage of using their R&D departments as well. It will allow us to fully concentrate on our mission: "We will become a leader in Clean Urban Logistics Solutions. We will provide premium customized electric trucks for our customers, to solve their key problems. Making the impossible possible"
Tell me about autonomous driving. Doesn't the logistics industry have different requirements than passenger cars?
You are absolutely right. For passenger cars, we believe that autonomous driving will become a standard feature, containing a lidar, cameras, sensors and software, even upgradeable to existing cars.
For the logistics industry, and here for the "last mile" logistics", things will be completely different. Autonomous driving requires a customized adaption to the infrastructure of the specific fleet operator. For example, we believe that the UPS infrastructure will be different from DHL. Any concepts need to include the whole process of parcel distribution. We see autonomous driving coming in steps here. And there are interesting possibilities. For example, a package with RFID code will be loaded on the truck, the software of the truck recognizes the code, it will connect to the navigation system, and the truck will use, based on traffic condition and other package deliveries, an optimized route for each. It could also send a message to the receiver with the estimated time of arrival and the receiver could even re-route it in real time.
What kind of battery technology are you using and what is the size of the battery pack?
We are using lithium-ion soft packaging and will determine the basic battery pack after extensive testing on the prototype on the East Coast and other locations. An electric truck should not only perform well under beautiful summer conditions in California but also in the harsh winter conditions of Alaska.
How will you keep up with the rapidly changing technologies in the automotive sector? And why do you outsource the production and not assembly?
This is exactly why we believe that outsourcing is the right way to go. Our suppliers for the key elements, cabin production, battery, drive train and
software are all established and experienced companies who do a lot of research, watch the market and introduce new technologies when they are ready.
This will always provide us with a key advantage, reducing our own R&D costs and still staying ahead. We can fully concentrate on the product development. Doing the assembly is also key for us. We do the final inspection, making sure only premium quality will be shipped to our customers.
Where are you going to find all the great talent you need to build-up this venture?
We expect to scale-up quickly and are constantly looking for exceptional people to join us. At present, we are particularly interested in US or Europe-based experts in the areas of automotive connectivity, related software engineering, and structural design. Start a conversation with us anytime by sending your CV/Resume to phase2@cityfreighter.com
What will be coming after the CF1?
Good question. The CF1 is our first model with a fast go-to-market concept to make money and to innovate further from a solid base. The CF1 process will provide us with a lot of experience, customer feedback, and ideas for future models. After that, we are discussing developing a new model from scratch. But this has not yet been determined.
I believe the country I am coming from will develop a strong market for electric trucks. Is there a way we could cooperate?
Talk to us and send us a mail with your proposal to investorrelations@CityFreighter.com. There are different scenarios possible, like licensing, exclusive distribution and more. We are open to serious suggestions. Rule of thumb: Always include detailed information about yourself, the proposed market and the business model. We would be happy to grow the CityFreighter family globally.
Are you collaborating with other players in the industry, creating strategic partnerships?
Yes, this is part of the plan. We are talking to companies in different fields, such as hardware, software, battery technology and drivetrains.
We are currently in talks with well-known corporations, but cannot disclose names here at this point.
How much money are you planning to raise after this round?
Well, the funding for the prototype is the most difficult part. It is like a "chicken and egg" game. You don't get money without a physical prototype. Without money, you can't do a prototype. And even more interesting, we have already got serious interest for the next funding round. So far we financed the operations out of our own pockets, no outside investors.
When the prototype is finished, the big game starts. Series A. We estimate we would need to raise between 10 to 15 million dollars. This will enable us to finalize the development, extending our own R&D and going into serial production with a solid financial base a And start to make a profit. Our prototype will be the required base for that, and it will be awesome!
Offering Summary
Maximum 107,000* shares of Common Stock ($1,070,000)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 1,000 shares of Common Stock ($10,000)
| Company | Cityfreighter Inc. |
| | |
| Corporate Address | 414 Olive Street, Santa Barbara, CA 93101 |
| | |
| Description of Business | Cityfreighter Inc., a Delaware corporation formed in June 2018, is developing medium-duty electric trucks for the last mile, mainly targeting large fleet operators |
| Type of Security Offered | Common Stock |
| | |
| Purchase Price of Security Offered | $10.00 per share |
| | |
| Minimum Investment Amount (per investor) | $250 per investor |
Perks*
If we reach a minimum of $250,000
All investors are eligible for the following**:
- 2 Investors will be randomly selected and will receive a personal invite to the public unveiling event of the CF1 prototype in California, including airfare and luxury accommodation. You will meet the team and will have a dinner with the founders. And a full test-drive, of course
- All initial investors in Cityfreighter will receive VIP status and will be invited to every public event (transportation, accommodation, food not included)
**1 Entry for every 100 shares purchased
**Winners will be selected within 30 days of completion of fundraising
**Offer excludes family and friends of Cityfreighter employees*The CF1 prototype is expected to be unveiled in or before December 2018
PERK ADVANTAGE 1
$5,000+ Investment
You will be invited to visit our factory in California and to meet the real people behind Cityfreighter (transportation and accommodation not included). Well, you will be also invited for lunch at In N' Out Burger :)
PERK ADVANTAGE 2
$10,000+ Investment
You will receive a personal invite to a dinner with the founders. Location and time need to be mutually agreed on (transportation and accommodation not included).
*All perks occur after the offering is completed.
The 10% Bonus for StartEngine Shareholders
Cityfreighter Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.
StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date. This means you will receive a bonus for any shares you purchase. For example, if you buy 30 shares of Common Stock at $10 / share, you will receive 3 bonus shares, meaning you'll own 33 shares for $300. 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 for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments. - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
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Most recent fiscal year-end:
Prior fiscal year-end:
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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
We are now starting into Phase II
9 days agoHi,
I sincerely hope that you and your families are well during this crazy days. We are moving further guys.
Here is our press release from today.
Please share it with your friends.
Best,
Michael Schoening
President CityFreighter Inc.
"CityFreighter uses Crowdinvesting to accelerate Phase II
Unique Modular Electric Truck with lower cost and faster time-to-market
Santa Barbara, CA, July 31st, 2020 — CityFreighter Inc., (CF) who introduced its fully
functional prototype CF1 on last year's ACT show in Long Beach, is moving into Phase II, to
build the beta version of its unique modular truck concept. To accelerate the process and to
generate broader investor interest, the company is starting a Regulation Crowdfunding
campaign on Wefunder today.
For Phase II, CF is going to build a beta version of its concept. The chassis, the driver´s cabin,
and the cargo area are designed as a modular system that allows being configured quickly
in different vehicle variations and sizes. To be able to move on with the project, while
discussions are still ongoing with potential investors for larger investment commitments, CF is
turning back to crowd investing. CF is starting a raise on the leading crowdfunding platform
in the US, Wefunder.
CF has been incorporated in 2018. CF is developing smart, user-focused, fully electric lowfloor
class 3 trucks from scratch for the last mile delivery industry. Our concept is based on to
speed up time-to-market, and to decrease standard development costs significantly.
Michael Schoening, President of CityFreighter Inc.: ” For a start-up, we love crowdfunding.
You can engage with a broader global audience, it is a great form of marketing and you
often can get valuable feedback for further product development. If you can convince the
crowd in your product, funding goes smoothly. The exponential growth and demand in the
last-mile logistics industry requires fleet operators to look out for flexible solutions and we
believe that our concept perfectly meet their needs”
Please visit wefunder.com/cityfreighter "
Step by Step
over 1 year ago
Very final Days
over 1 year agoGuys, 6 Days til campaign end. Last chance ever 
to participate at lower rates. We are going to present the functional prototype
on the ACT Expo in Long Beach, April 23-26.
Possible by the support from you guys here and other early-stage investors. Yes!
Stay tuned for more exciting news
The CityFreighter Team
Only a couple days left
over 1 year agoHi Guys,
only a couple days left to invest now, before the show starts. We will show a real one!
Notice of Funds Disbursement
over 1 year ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Cityfreighter 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 Cityfreighter 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
Nest milestone achieved
over 1 year agoElectric Drive and the battery system of our CF1 prototype have been installed. Parameters were set and had the first drive yesterday. Next step transport to our R&D facility in the Netherlands, finalizing interior and exterior design work. Followed by final CAN bus integrations and software implementations. Then we need to get it into the 747, nonstop to LA...
Two years ago, many people told us that we are too ambitious to realize this project with the given timeframe and budget. Today we are exactly where we wanted to be (well, not 100%, you always need money as a start-up, right? :)). Thanks to a great team, and premium supply chain collaboration partners, we will be able to demonstrate our solution to the future of urban last mile delivery.
And a big Thank You to you guys here on Startengine.
Progress but time is moving and trying to raise more funds
over 1 year agoFinal cad files of interior add-on designs are finished and now the tooling for the thermoforming parts are made. Same for interior dashboard design.
As stated before, the booth at the ACT Expo has been booked and paid for. Due to time limits, we are now intending to fly the prototype over from Europe to the US. Yes, it will cost more but it will provide us with significant timing advantages. Currently talking to airfreight specialists to find the best option, but it needs to go into a Boing 747 Freighter.
Working on new wire harness and CPU setup. Our new, optical bonded, 15.6" touchscreen with sunlight readable capabilities will arrive in the second week of March.
Digital mirrors are in, working on the casing design.
We are in promising negotiations with larger investors but all of that takes time and we still need to raise between 150 and 200K to finalize the prototype.
Please help us here to move forward. Last week we secured a reasonable investment from a direct investor. Once we reach 100K here on Startengine, they will put in more marketing efforts to move this further.
The pictures we are currently posting will only show partial parts of the design process. For example, the center console, it will get a gear shifter inlet and a wireless charging pad for mobile phones.
At this stage, we do not want to disclosure so much of the final design. We want to unveil it at the ACT EXPO in front of the global press. Can only tell you it will be awesome!
Notice of Funds Disbursement
over 1 year ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Cityfreighter 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 Cityfreighter 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 Material Change in Offering
over 1 year ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Cityfreighter offering. Here's an excerpt describing the specifics of the change:
Extending campaign 60 days.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Progress Continues
over 1 year agoFirst of all, we agreed with Startengine to extend the campaign another 60 days. This will allow you guys here to add some more investment. We have some investors who invested a couple times. We still need to raise some significant funding, any support here will be highly appreciated.
We are providing frequent updates here so that you can get a better feeling about our progress. All are on time for the ACT Expo. We are thinking to arrange a kind of uncover press conference there, actually, it will be a world premiere.
Busy as hell, working almost 24/7, but we are moving. At the moment, we are implementing the electric system for the drive train.
Next week, we are sending the final CAD files for the exterior thermoform parts and for the dashboard over to the thermoform specialists. Really looking forward to it.
All is down to fine details. Have a look at our motor fixation base.
And this is a mock-up for our central display. It will be a 15.6 touchscreen, sunlight readable and made for automotive use. Optical bonded with silicon, to withstand higher temperature differences.
The picture is just a mock-up. We are going to implement a navigation on-demand system from a leading company in this field. We had pretty good discussions on the CES in Las Vegas. Very exciting!
Working as well on the new CPU, we are going to base it on AGL, automotive grade Linux.
And we made some efforts to determine the color for the prototype. Our designer recommended using the outer left, a bit darker color.
We think it will look pretty cool.
Negotiations for our possible future facility in Arizona are progressing as well. We are getting political support there, and we are discussing to receive a larger investment. Wouldn't it be great to become neighbors of Lucid Motors and Nikola?
We are receiving a visitor from India next week who is interested to form a partnership. They run a very interesting manufacturing business in the airport handling equipment industry.
As you can see, a lot is going on......
You guys have a wonderful week!
The CityFreighter Team
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