Cityfreighter
Electric Trucks for the Last Mile
Small OPO
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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Long Term Debt
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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
Notice of Funds Disbursement
3 days 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
9 days 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
about 1 month 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
about 1 month 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
about 2 months 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
about 2 months 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
Notice of Funds Disbursement
about 2 months 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
Visit CityFreighter at the Advanced Clean Transportation (ACT) Expo in Long Beach, April 23-26 2019
2 months agoWe are confirmed! CityFreighter within the neighborhood of well-known brands like Mitsubishi Fuso, Volvo Trucks, Peterbilt or BYD.
Still a bunch of work ahead, but the whole team is so excited! Space is 20x30... what possibly could we show there??? :)
Notice of Funds Disbursement
2 months 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
CES, Navigation on Demand, ACT Expo and Arizona Assembly Plant
2 months agoHas been a busy week guys.
Part of the team visited the CES in Las Vegas.
Our truck will get a navigation on demand system with very interesting future development features, quite new for commercial vehicles. More will be announced soon.
Team meeting in Las Vegas
Our design team in LA is working on the exterior design. Team II from Berlin, Germany is working on the interior.
Our sophisticated suppliers for turning the CAD files into real parts are on standby, to execute further.
All on time so far, to make it for the ACTExpo in Long Beach in April.
Yesterday we went to Arizona where we are in serious negotiations to setup our future assembly plant there
Our first customer, XPO Sales in LA, told us that they will most likely increase the initial order of 100 CF1 to 500 and even more if the prototype meets the expectations. It for sure will. We will make it happen!
Exciting times ahead!
Prottoe R&D transport
3 months agoHere is the zero emission transport solution for our prototype:)
So if you are developing an electric truck for the last mile, and you need to transport it to different R&D facilities, what could be better than to use an electric vehicle for that? Thank you Tesla for providing a trailer hook for the Model X. Driving experience is awesome, you just need to take a bit more attention to the reduced mileage reach. But who thought about this ever happening 5 years ago?
As you can see, things are making further progress.
End of February, the whole electric drive system and the battery will be finished and we will do first test drives.
Interior-and exterior is next.
Notice of Funds Disbursement
3 months 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
Back Next Year and more News
3 months agoThe last day of the year. It has been an exciting year and we are looking into more exciting stuff coming in 2019.
A big "Thank You" from the whole team for your support of this project. Stay tuned and learn about the progress.
We just agreed with XPO Sales in Los Angeles (Our fleet customer, ordering the first 100 CF1 Low Floor units ) that we will jointly present
the prototype at the ACT Expo in Long Beach end of April. It is going to happen guys!
In addition, we are preparing for the later serial production and are in very promising talks with a real estate investor to secure a
great location for the assembly plant.
We will turn this project into reality. You still can invest in Cityfreighter via the platform here. Or double or even triple your investment. Don't complain later that we didn't tell you :)
We are currently filing for the Cityfreighter Europe BV in the Netherlands, 100% owned by the INC. By investing here, you will become a shareholder of the whole structure.
We wish you all a very successful and healthy New Year 2019!
The Cityfreighter Team
Last chance to get in
3 months agoHi guys,
just a couple pictures from the field. The basic chassis has been finished. The low floor version with the low
loading edge level will be a game changer. Next is the electric drive system setup, our designers are working on the
interior, and the exterior design. The other part of the team is working on the main system integration.
So exciting! Looks like we can make it for the ACT in Long Beach.
For Startengine, we will close this opportunity to participate on Cityfreighter shortly. Our talks with direct investors are very promising and things are developing.
We need to quickly raise a larger amount to be able to make it to the ACT, a pretty important step for us. So take your change and participate, you can always invest more.....
Notice of Funds Disbursement
3 months 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
Working in Progress
3 months agoJust a short update for the weekend.
We are working on the basic chassis and on the new dashboard assembly.
Yes, it looks a bit terrible but there are a lot of parts, even in an electric vehicle, which you usually don't see. Like the steering wheel assembly, the heating and ventilation system , the multiple controllers, the main CPU, the fuse box, and a lot of wiring. Still working on the system as well.
Next week we will have a meeting with the manufacturer of the new dashboard cover to schedule production, another one to discuss the drive and battery configuration in its final setup before we will start implementing it in January.
The low floor chassis will be on next week as well and we will determine the cargo box layout. As stated before, it will be one of the most lightweight cargo boxes in the world and reducing weight is signficant when building an electric vehicle.
Will post more images next week
Section by Section - moving forward
3 months agoToday we picked up the low floor section. Great workmanship, done by one of our partners.
Integrated air suspension. It will make a difference. Rigid but lightweight structure, ideally for electric vehicles.
Starting to work on the base chassis. Will post more images before Christmas.
We are presenting next week at the New England Summit in Boston. Still need to raise funds to finalize the prototype.
You can invest multiple times, do you know that? :)
Have a nice weekend
Notice of Material Change in Offering
4 months 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 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.
Only a few days left......new facility in the Netherlands
4 months agoHey guys, a quick one. We just started processing the paperwork to file a subsidiary in the Netherlands: Cityfreighter BV, 100% owned by the Cityfreighter Inc. This will be used for our European R&D and markett expansion later.
So if you invest now, you'll own a piece of a European company as well :).
We might extend the campaign here for 60 days.
Otherwise, things are moving on, lots of work ahead before Christmas. We want to finish the basic low floor chassis till the holidays and
we will put some images up here.
Have a great weekend!
Great Article in Clean Technica - Presenting at New England Summit
4 months agoGuys,
we are in the news again , Clean Technica gave us a decent space in their recent article :
https://cleantechnica.com/2018/11/26/we-need-electric-pickup-trucks-and-soon-from-tesla-others/
We are also presenting at an investment conference, at the 2018 New England Summit, taking place at the Lombardo's Conference Center, Boston Randolph, MA, on December 12th.
Invest now, the campaign is running another 11 days. We haven't decided yet if we are going to extend the campaign as we are exploring other funding options as well. But any investment now will secure your slot on the future!
The basic cabin and chassis structure is now ready, we are currently doing special scans of the exterior and interor so that our designers can turn the add-on parts and the new interior set-up into detailed manufacturing drawings for the prototype.
In parallel, we are working on the User Interface and the integration of all system components, from ADAS (advanced driver assistance system) and digital mirrors to more simple, but important features like the tire pressure sensors.
The drive train, battery setup and BMS is handled by an experienced engineering team and scheduled to be implemented in Q1 2019
You will see the prototype in the first half of 2019!
Notice of Funds Disbursement
4 months 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
Great News - Cityfreighter receives letter of intent for the purchase of 100 electric trucks
4 months agoHi Guys,
we had a blast in LA at LAcomotion. Great talks and great contacts. And we came to an agreement with a fleet operator in Los Angels who is intending to purchase the first 100 trucks from us. Quite a great develoment! And there is more coming.
Here is the press release in detail. It is time to invest now!. Keep in mind that the campaing runs just for another 17 days. Don't miss this opportunity
Understanding the Difference
4 months agoJust wanted to share the Linkedin post with you because it tells that even large OEM’s really do not understand the needs of the market
First day at LAcomotion in Los Angeles
4 months agoGreat first day at LAcomotion in Los Angeles today. Networking, making new contacts, and awesome speeches.
The last panel of the day “The future of the urban supply chain” with Bastian Lehman, CEO Postmates, Jay Walder, CEO Virgin Hyperloop One, greatly moderated by Thomas Madrecki, UPS, Director of Urban Innovation and Mobility, made you aware that so much change happened in this field in the last decade and much more is happening ahead with top speed. Lots of opportunities are arising to develop innovative solutions for the future needs of urban logistics.
Our modular design approach created a lot of interest. We are on the right track.
The keynote of Eric Garcetti, mayor of Los Angeles, was another highlight of the day.
LA will become the global center of transportation and Cityfreighter will be ready to participate.
From left: Bastian Lehman, Jay Walder, Thomas Madrecki
Things are moving well - but we need your support now
4 months agoHi Guys,
before we get to the point, just some news about an event, taking place next week in Los Angeles.
LAcomotion
We are looking forward to an exciting week, we are exhibiting at LAcomotion in Los Angeles November 15-17th. LA CoMotion brings together the brave new world of the urban mobility revolution — a revolution that is set to transform every city in the world, large and small. Global mayors, leading technologists, public transport operators and venture capitalists, start-ups and established players — the entire landscape of new urban mobility will be present in November for LA CoMotion. Three days of immersive and inspirational talks, demos, test drives and exhibitions — a glimpse into our new urban future.
Come by and talk to us. Saturday has free access for the general public and we love to see you all there. Taking place in the LA Arts District.
Progress on CityFreighter
All is on track. We are re-investing parts of our first disbursement into a new ad-campaign and by monitoring the last days, it looks like that we are moving forward. We got as well direct investments in. But we are still short of about 200k to fulfill our plan to show the prototype at the ACT in Long Beach in April. Please, we really need you guys to share the campaign with friends and colleagues.
The basic chassis with the cabin has been shipped out to us and it will arrive within this month. We got all our premium suppliers in place. This is a global project. For the whole drivetrain concept development, we are working with a sophisticated engineering office in Germany. The vehicle outer look has been designed in California and our UI Lead designer is coming from the Netherlands.
The prototype will have the digital mirrors integrated and we will integrate the innovative cockpit design with the center-screen. The whole team is really excited.
We also had excellent talks with possible strategic partners in the US and we will get you some news shortly.
Here is a short story we want to share. One of our possible competitors, listed on the Nasdaq, released financial results this week and had a large downturn in cash and incoming orders. It is interesting that they felt the best thing was to put an unrealistic expectation out there, trying to scale up from 180 vehicles in 2017 to 10K (!) this year. In real, they are at 5 singele units (!) at the moment. Now they have to live up to that expectation to get the stock to budge and if they don't this will be a disappointment. In addition they are developing more than four new vehicle designs at the same time.
We still wish them luck and hope they are getting out of the whole mess now. They are kind of pioneers of electric mobility for commercial vehicles and they deserve our respect. In addition, we wish everybody in this business a great success. It will support the whole market development.
But we all need to learn from mistakes, not only from our own.
In life, you need to focus and make one thing right first. If you want to achieve too many things at the same time, the chances for failure are pretty high.
We want to get a truck out which fulfills the promises, and differentiates from any other one on the market. And we will work hard for that. Please support us further to get there.
Have a great week, we will report from LAcomotion here via further Updates.
The CityFreighter Team
Notice of Funds Disbursement
5 months 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
Progress
5 months agoJust back from a global trip, Europe, Dubai, China, Los Angeles...
Visiting suppliers and focusing on our next steps. The basic cabin and chassis will be shipped across the ocean next week.
All progressing, we focused to partner with premium suppliers who can turn things quickly- not that easy to find.
Well, Startengine could surely do a bit better but instead of spending big for advertising (nowadays required for any crowdfunding campaign) we payed for time crucial parts first, to get it going. The shipping of cabin and chassis has been priority for us since all future work could only start when we got them "in hand".
For sure we would appreciate any further support here and we are still on track, this is important. Every single dollar will get us moviong faster and please don't hesitate to tell your friends about us.
We are as well still in discussions with direct investors and we expect some movement here shortly. A fleet rental company from LA might commit to an initial order soon and we are in talks with a large EV fleet service provider from the east coast. We are busy 24/7
You guys have a great weekend. Attached are some pics from our last travel
Moving Forward
6 months agoHi guys, just a short update about the progress and what is happening.
We are in talks with an investor from the Middle East. This might become very interesting and we will keep you updated.
A part of the team is overseas now, coordinating the production of the cabin and chassis.
Our talks with a logistics company for building an extra prototype are still on as well.
We visited the IAA in Hannover, Germany, the largest trade show for commercial vehicles. The trend is clearly towards electric and digitalization. Our concept is full in line with that trend.
Well, you guys have a great week. And please keep in mind, you are welcome to visit us on the LACOMOTION event in Los Angeles in November.
The Cityfreighter Team
Notice of Funds Disbursement
6 months 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
Making progress - Digital mirrors are coming
6 months agoHi guys,
things are moving. We are in serious talks with a possible lead investor and we are in the proposal phase to build a prototype for a major logistics company. The time to invest is now. Thank you so much for your support.
We are also going to replace the regular mirrors with digital cameras. The live images will be transferred live to vertical lcd displays which are mounted on the A-pillars.
Replacing rear-view mirrors on trucks by rear-view camera monitoring systems and in-vehicle monitors is expected to increase safety and reduce energy consumption. The driver has a much greater visibility and blindspots will be history.
We visited the commercial IAA in Hannover/Germany and identified a system supplier who will help us to integrate the digital mirroring system. The law is changing. Audi, Mercedes and other OEM's recently made a move into that directions. For some countries, like the US, we might need to add regular mirrors as well until the digital solution is fuly permitted
A great weekend to everyone
The CityFreighter Team
Sharing
6 months agoJust wanted that to share with you guys. The background story made it through many major EV sites and we got a great response through that. Please share the Story The team is working hard to make it happen. Thank you for all the support!
Another great week
6 months agoThis week has been awesome. We got our first 5K investor yesterday. Thank you all so much for supporting.
One thing we love running a public campaign is that we are getting in touch with people we would have not otherwise. We made great contacts and we are getting valuable business advice, ideas, and we even started discussions with potential partners and customers.
Isn't this what crowd investing is all about? We love it!
The marketing guys from Startengine told us we need to invest more in advertising to grow the campaign faster. Investing to get Investments. Do you agree?
You guys out there are our best ambassadors. Please share and invite friends to check out this investment opportunity. We want to move on as quick as possible. The commercial EV market will grow exponentially (check out the numbers on the campaign page) and we want to take our pie out of it.
It is time to invest now. We are talking to equity investors outside the campaign as well. We want to secure the funds to finalize our prototype as soon as possible. Take your chance!
We intend to exhibit at the LACoMotion in Los Angeles, Nov. 15-17, 2018. We believe that the "Global Laboratory of Future Mobility" is a great event for us to be. The entire landscape of new urban mobility will be present there.
Check it out here. Oh, and here is a little background story :) about how it all started...A guest blog for our friends at Evannex
There is more stuff to come. We are working 24/7 to get this project going.
Happy Investing! We are enjoying a good cup of coffee right now :)
Great Start
6 months agoA big "Thank You" for our new supporters and shareholders.
We got off to a great start here. One of the advantages of running a public campaign are the possibilities
to communicate directly with the global community.
We surely appreciate your comments and future business ideas, like the one from Jeff on our campaign page or the comments from other supporters on our Facebook page. People are connecting with us as well by email or Linkedin. We love that and will try to answer each approach within a short time frame.
We had a couple more meetings this week with potential technology partners and we believe that things are developing quite well.
Ok, no time to rest, we are just at the start. Much more hard work to do.
Please share this campaign with your friends' or other people who might be interested to invest into CityFreighter. And did you know that you can always increase your investment? :)
All the best from the CityFreighter Team
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