The GetCharged, Inc offering is now closed and is no longer accepting investments.

GetCharged, Inc

Electric Fueling Stations of the Future

GetCharged, Inc

Electric Fueling Stations of the Future

New York, NY
Transportation
Clean Technology
People want transportation alternatives. Charge is on a mission to build a worldwide network of electric charging, storage, and service stations for e-scooters and e-bikes, while protecting the integrity, access, and safety of sidewalks for all pedestrians. We are creating the electric fueling stations of the future.

$0.00

raised
0
Investors
$3.93M
Valuation
$0.37
Price per Share
$104.71
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left

$0.00

raised
0
Investors
$3.93M
Valuation
$0.37
Price per Share
$104.71
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on August 29, 2020 and is no longer accepting investments.

Reasons to Invest

PROVEN SUCCESS IN MAJOR CITIES: Successfully launched in Atlanta and Los Angeles and our charging stations and smart hubs in LA have a 100% utilization rate.
FUTURE EUROPEAN EXPANSION: International partnerships with e-scooter operators and cities, including a year long exclusive agreement with the city of Paris to deploy up to 900 stations by the end of the year.
MARKET OPPORTUNITY CONTINUES TO EXPAND: In the US alone, the micromobility market is predicted to be worth between $200B – $300B by 2030. Worldwide, investors have already poured more than $5.7B into micromobility startups during the past 4 years.

"Paris wants scooters parked at stations to bring order to their sidewalks" 

- Jamal El Hassani, Journal du Net


"Helping people move and cities thrive by empowering the micromobility movement"

Our Story


Transforming how people move in a new world

When Charge founding member Andrew Fox met the CEO of Lime, he saw the future of transportation before him and quickly invested in Lime. Shortly after his investment, he realized the missing piece to a thriving micromobility ecosystem was a network of charging stations. Charge’s infrastructure preserves the integrity of a cities’ lifeline: sidewalks and pedestrian paths.  Post-COVID-19, we believe there will be more demand than ever on personalized clean transportation alternatives, Charge provides the network to allow rideshare companies and users to access its parking and charging stations.

Along with my long time investing partner Dan Waldman assembled a team of experts to design agnostic stations and docking systems compatible with 90% of the global e-scooter market. That team includes founding members Caen Contee of Lime and former Chief Accessibility Officer at the New York City Department of Transportation Quemuel Arroyo. Together, the team would create solutions that allow cities to fully embrace and thrive with all that micromobility has to offer.The idea is simple: for micromobility to survive, a new framework and solution had to be created to help cities manage the new micro transportation environment. 

The Problem


The lack of stations for docking and charging e-scooters is not only inconvenient, but also unsafe

As e-scooters increase in popularity, they continue to clutter the streets and render sidewalks inaccessible, particularly for seniors, parents, children, and people with disabilities. In many cases, neighborhoods with the highest need of a transportation alternatives are not getting sufficient e-scooters. The demand for maintaining charge for thousands of scooters daily results in frustration due to low battery levels and poor performance.

Furthermore, the lifespan of these e-scooters is astonishingly brief. While there are many factors that affect an e-scooter's longevity, we believe a lack of proper care and maintenance plays a key role. Without functioning infrastructure, micromobility cannot achieve its potential of being a sustainable, equitable, and ultimately profitable transport alternative.

The Solution


Charging stations that act as an organizational safety tool for micromobility

At Charge, we are focused on building a global network of electric charging, storage and service stations for micromobility devices. We provide vital infrastructure for riders and micromobility operators by offering a convenient place to charge and store e-vehicles, helping to protect the integrity of city streets while keeping pedestrians and residents safe.

Our charging stations and Smart Hub containers keep e-scooters organized, charged, and city sidewalks clear. As the world struggles to harness the potential of micromobility while addressing issues of accessibility, safety, and battery life, Charge is dedicated to empowering cities to welcome a more responsible model of micromobility.

Our Traction


Successful launches in our first two cities and strong partnerships moving forward

Charge has successfully launched in Atlanta and Los Angeles and our charging stations and smart hubs in LA have a 100% utilization rate. Our successful rollout in these two cities serves as a precursor for partnerships with other cities around the world:

  • Secured real estate partnership in New York City and California
  • Agreement with the city of Paris to deploy up to 900 stations by the end of the year, giving Charge the opportunity to become the main charging infrastructure in the city
  • Consistent and positive media coverage backed by city officials of Paris about Charge’s partnership


Development stage: Right now in market, Charge has introduced the charging smart stations and Charging Smart Hub. We currently have the charging smart hub in Downtown LA and scheduled to launch in Paris sometime this year.  We have completed 6 of the charging smart hubs and about 50 smart stations and have built a priority battery management system that doesn't require us to rip up city streets in order to install the stations.


What We Do


Our charging stations and personnel keep streets clear and e-scooters running

  • Charging Stations -- Our charging stations keep e-scooters organized and charged, safeguarding pedestrians and other road users.

  • Smart Hub containers --  Strategically located near city centers, juicers utilize smart hub containers to create a quick e-scooter turnover.

  • Digital-parking stations -- Our digital parking stations are well-suited for dense areas in major cities that need rides to end in one specific location, and not scattered all over the streets.

Images are computer renderings for a product currently under development.

  • Charge Services, LLC --  Our own network of juicers are dedicated to creating efficient turnover for operators. They quickly pump out fully charged e-scooters, all the while making sure to send damaged e-scooters back to the respective warehouse for repairs. 

The Market


Cities are looking for a safe, clean micromobility solution

Roughly 60% of vehicle trips in cities are 6 miles or less. With such a short distance, having access to smaller vehicles enhances cities’ opportunity to combat traffic congestion. Micromobility solutions have the potential to drastically decrease road congestion in urban areas by providing reliable alternatives to cars, and the market has demonstrated its eagerness to adopt these alternatives:

How We Are Different


Uniquely differentiated solutions and hardware

Charge has a suite of products with our docks and digital stations for e-scooters in cities AND containers for juicers, while other competitors only have one or the other. We also use lithium ion batteries which are better for the environment than lead acid batteries. Our charging stations are agnostic and open to all operators, similar to how a gas station fuels different cars.

Charge is also the only company to offer cities unique and differentiated solutions across three pillars:

  • Strategic Partnerships with Cities and Real Estate -- We focus on acquiring the rights to prime locations and real estate to win what we see as a location-based battle.

  • Proprietary Hardware & Software -- Fully integrated solutions that allow us to develop products complying with high safety standards and providing validating data to cities and insurance companies.

  • Diagnostic & Analysis -- Proprietary diagnostics helps cities, operators, and insurance companies create the safest fleet for all citizens while being proactive to address individual issues.

The Business Model


Multiple recurring revenue streams with high gross profit margins

We have a very simple business model -- everytime an e-scooter is plugged into one of our solutions we get paid.  We run a very high (approximately) 65%  gross profit margin and can recoup the full investment cost including installation after eight months at 60% utilization. Recurring revenue streams include charging, parking, sponsorship, diagnostics and data.

The Vision


We aim to become the global leader in fueling the micromobility market

Charge aims to be the worldwide leader in fueling micromobility devices. We plan to expand to major cities across Europe and the United States, providing the necessary parameters to secure the success of these transportation alternatives. After laying the foundations of sustainable charging stations for e-scooters and e-bikes, Charge will be on its path to becoming the electric fueling station of the 21st century.

This Map does not represent the current locations of the company's products but rather is a randomly computer generated image illustrating the company's  goals.

Working closely with cities and mobility operators, we will continue to design charging hubs for electric transport vehicles.

Our Team


From the founding team of Lime to the Chief Accessibility Officer of NYC Department of Transportation-- An experienced and proven team dedicated to the mission

Our executive team consists of industry experts who share our values and vision for Charge. In addition to Andrew and Dan, our founding team includes Caen Contee from the founding team of Lime and a former Chief Accessibility Officer at the New York City Department of Transportation, Quemuel Arroyo. 


From battery scientists to mobility and design experts, our executive team brings the unique skills needed to fulfill our goals of not just being the electric fueling station of the future, but also delivering solutions that address current issues of streetscape congestion and environmental greenhouse gas emissions.  

Why Invest


Charge offers an environmentally-friendly solution that’s already seeing success

The solutions Charge offers are a win all around: cities are better off, consumers are better off, and e-scooter operators are better off by working with us. 

The statements on this image is based on internal research.

Cities are looking for innovative ways to better connect people to their destinations. As populations in urban cities continue to grow, passenger transportation demand will increase threefold between 2015 and 2050, representing an exponentially increasing carbon footprint. However, Charge provides a clean and environmentally friendly solution, which is critical to the well being of our world and our community as we move forward. 

Offering Summary


Company

:

GetCharged, Inc.

Corporate Address

:

200 EAST 89TH STREET, 44N, New York, NY 10128

Offering Minimum

:

$9,999.99

Offering Maximum

:

$1,069,999.67

Minimum Investment Amount

(per investor)

:

$104.71











Terms


Offering Type

:

Equity

Security Name

:

Class B Non-Voting Common Stock

Minimum Number of Shares Offered

:

27,027

Maximum Number of Shares Offered

:

2,891,891

Price per Share

:

$0.37

Pre-Money Valuation

:

$3,932,907.23











COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary regulatory COVID-19 relief set out in Regulation Crowdfunding §227.201(z).

Launching without financial statements.

In reliance on this relief, this offering has been launched without the required financial information. The financial information required by this offering that has been omitted is not currently available and will be provided by an amendment to the offering materials;  

Once the required financial information has been made available by amendment, each investor should review the complete set of offering materials, including previously omitted financial information, prior to making an investment decision; 

Furthermore, no investment commitments will be accepted until after such financial information has been provided.

Expedited closing sooner than 21 days

Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and August 31, 2020, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).





*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Company Perks*

All Investor Owners Club

Early access to demo our products

Private owners group

Early Bird

First 72 hours - Friends and Family Early Birds | 15% bonus shares

Next 72 hours - Early Bird Bonus | 10% bonus shares

Next 7 days - Early Adopters Bonus | 5% bonus shares

Volume

$500+ | Owners Custom Batterypack (for first 100 investors)

$1,000 | Free charging for 3 months* details will depend on city and availability

$2,500+ | Free charging for a whole year

$5,000+ | Free charge for life + 5% bonus shares

$10,000+ | Owners Personalized Scooter + 10% bonus shares

*All perks occur when the offering is completed.

The 10% Bonus for StartEngine Shareholders

GetCharged, Inc will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class B Non-Voting Common Stock at $0.37/ share, you will receive and own 110 shares for $37. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

The Company will not incur any irregular use of proceeds.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$1,269,729.00 USD
$0.00 USD
Cash And Cash Equivalents
$331,066.00 USD
$0.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$128,506.00 USD
$0.00 USD
Long Term Debt
$3,105,000.00 USD
$0.00 USD
Revenues And Sales
$6,819.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$1,963,876.00 USD
$0.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Charge Stations are live in Paris

over 1 year ago

Charge has hit the streets of Paris! The Charge system is compatible with 90% of self-service electric scooter operators, from the moment they integrate the Charge operating system into theirs.

Read more here!


 


Scooters could return to Minneapolis streets by July

over 1 year ago

Minneapolis’ Policy and Government Oversight Committee is expected to approve up to six e-scooter vendors to operate in the city. They scored applications from the vendors in March using several criteria, including safety, equity and efforts to increase active transportation. City officials chose two of them: Bird and Lyft. 


Check out full article

Chicago Officials Detail Changes to E-Scooter Program

over 1 year ago

Chicago announced that applications are now open for companies interested in participating in a new pilot program for e-scooters this summer. According to city officials, companies must submit applications by June 25 and three qualifying vendors will be announced in July.


Check out full article

New York City Proposal Would Vastly Expand Protected Bike Lanes

over 1 year ago

"An urban planning group on Wednesday released its vision for a 425-mile network of protected bike lanes that would connect people across New York City’s five boroughs."


Big moves in NYC! This expansion and protection of bike lanes is so important to the growth of micromobility. Having a network of protected bike lanes is an incredible resource for people to use in their daily lives. 425-miles of a reliable road structure and the increase of electric transportation, NYC is on the right track to become carbon neutral. 


Check out full article!   

California city of Santa Monica maps first U.S. zero-emission delivery zone

over 1 year ago

Incredible news in Santa Monica! 

"Santa Monica soon could become the first zero-emission delivery zone in the U.S. That means every good delivered in the region, from food to packages, would be transported in a zero-emission vehicle (ZEV) whether that’s an electric delivery van, a hydrogen fuel cell truck or an e-cargo bike."

Electric vehicles are on the rise! 


Check out full article


Scooters Return to Cleveland Streets This Weekend

over 1 year ago

"E-scooters will return to the streets of Cleveland as soon as this weekend. Rides from Lime, Bird, Spin, VeoRide and Wheels had been pulled earlier this year because of the pandemic and in the interim, Cleveland city council re-evaluated regulations after the end of a one-year trial period. The city will also see the debut of a new bike-share program in the coming days."

Check out full article

How Transportation Innovation Can Support Covid-19 Recovery - FORBES

over 1 year ago

As the world emerges from this pandemic, we plan on being present to help with the infrastructure cities need to prevent growing pains. 

"A growing body of research shows that a broad uptake of emerging mobility technologies like shared, electric and autonomous mobility (SEAM) over the next three decades could increase accessibility, social equity, and economic growth, while reducing transport emissions by more than 80%." 


Read full article here

Electric scooter sharing takes off in Italy

over 1 year ago

Check out full article Here! Bird and Lime are on a list of scooter operators who have relaunched thousands of e-scooters in Italy this week. The cities include Rome, Milan, Turin and Verona.

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