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INVEST IN CYCLEBOARD, INC. TODAY!

The personal electric vehicle, reimagined

Located in southern California, CycleBoard designs, develops and manufactures light personal electric vehicles based on our patented steering technology and 3-wheel platform. Our electric vehicles are fun, functional and easy to ride.

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

$396,310.21 Raised

REASONS TO INVEST

110% year over year sales growth from 2019 to 2020 and $4,900,000 in total sales

Unique design + intuitive steering technology with 3 design and utility patents granted

18.6 billion-dollar electric scooter market in 2019 expected to reach 41.98 billion by 2030

    

Micro-mobility electric vehicles designed for real people


CycleBoard is creating light personal electric vehicles designed and engineered to reduce the fall risk commonly associated with stand-up riding. While other micro-mobility products put heavy emphasis on smaller designs that oftentimes are less stable, we believe our electric vehicles offer riders a greater level of control and maneuverability by combining our patented lean-to-steer system and 3-wheel platform.

The electric scooter market is estimated to reach $41.98B by 2030. We believe that the advanced stability of our electric vehicles will continue to attract the attention of people seeking better micro-mobility solutions to improve the way they move.

The Problem


Existing light personal electric vehicles carry too much fall risk

The micro-mobility market is exploding, however, we believe it lacks products that adequately address consumers' needs for local transportation solutions that offer a high fun factor and level of ride-ability & stability that appeals to the mass public.


As populations grow, cities and urban areas are becoming more impacted increasing the costs, time and headaches associated with traffic, parking and local transportation. People are looking for safe/fun alternatives that not only serve as a utility but offer a recreational benefit as well.

The Solution


CycleBoard redefines stability and gives riders a greater level of control

We accomplish this by combining our patented lean-to-steer technology with a stability bar, dual front wheels, and a single rear wheel.   



Our proprietary handle is extremely durable and is designed to support loads up to 75lbs providing the opportunity to safely transport cargo on the front.  Additionally, CycleBoard’s 3-wheel platform is ideally suited to pull a trailer for additional cargo.

More Stability & Control means a Lot more Fun!


CycleBoard Testimonial - See Brandon’s Story




*These testimonials may not be representative of the experience of other customers & are not a guarantee of future performance or success.

How It Works



JUST LEAN


The Cornerstone of every CycleBoard we build is our patented linkage system (PLS) that amplifies the degree of wheel turn to match the gentle lean of the rider. We believe the CycleBoard is the only light personal electric vehicle on the market with a level of ride-ability similar to that of a bicycle, thereby appealing to a large segment of the population.




Portability is Key

 

All CycleBoard models use our proprietary folding handle mechanism to quickly fold the handle for easy storage and transportation.   



Our vehicles are primarily built from high-grade aluminum and steel materials and designed to withstand the rigors of daily use.  If taken care of, customers can expect their CycleBoards to last 5-10 years with little maintenance required.  Most parts are user-replaceable and we provide full support from our southern California HQ.


The ultimate light Personal Electric Vehicle

 

In addition to advanced steering technology, our electric vehicles are packed with features that bring more value to our customers.  Features like front and rear suspension and custom pneumatic tires create a smooth and soft ride, hybrid electronic + hydraulic braking provides more granular control and stopping power, and powerful motors and long-range batteries provide a more exciting and longer-lasting riding experience.



Energy Efficient

 with Low Operating Costs

 

CycleBoards power systems are highly efficient equating to roughly 0.4 cents per mile depending on the model used.  This means you can travel approximately 250 miles per $1 of electricity. 

The Market


Impacted urban areas and increased micro-mobility EV adoption create significant opportunity for CycleBoards Growth.

Market Trends:

In the US, shared e-scooter ridership increased from 39 million trips in 2018, to 86 million trips in 2019


Light personal electric vehicles are consistently being seen as more and more useful and some cities have even begun redefining car lanes to create more space for bikes and scooters as people avoid public transportation due to Covid-19.

Our Growth & Traction


$4.9M in lifetime sales and 110% sales growth from 2019 to 2020

Since introducing the CycleBoard to the market in 2016, we have achieved approximately $4,900,000 in lifetime sales and 2020 was a banner year with 110% year over year sales growth compared to 2019. 

We currently have customers in over 45 states and are pursuing distribution relationships with partners in multiple countries.



We’ve been Granted 3 Design & Utility Patents


To date our primary markets have been commuters, recreational users, rental companies, delivery services and other niche markets.

 

A few other markets where we have received interest and see potential demand include police departments and the golf industry.

The single rider golf vehicle market is rapidly growing and we see opportunity for direct sales to end users as well as fleet orders from golf courses and golf distributors. 

The Business Model


Direct to Consumer:  Owning the Customer Relationship

To date, nearly all product sales have been captured through digital through our www.cycleBoard.com website. Most sales have been direct to consumers and we have learned a tremendous amount working directly with our end-user customer that continues to inspire product improvements and new product development.  

Although the US is our primary market, we also have a capable distribution partner in Europe who has ordered 200+ units and we are excited about the growing market size and opportunity there.


We currently have 4 CycleBoard models ranging in price from $1,499 to $2,699. A challenge we’ve faced is keeping inventory in stock - with this raise we will be able to increase inventory to meet the growing demand.

How We Are Different


Creating a new category in light personal electric vehicles

Due to our innovative 3-wheel lean to steer design and the enhanced stability and ease of use, CycleBoard is creating a new category in light personal electric vehicles that we believe appeals to a broader range of people. 

video

In contrast to the mess you see above, the self-standing CycleBoard inspires rider confidence with remarkable stability and a fresh approach to stand up riding inviting more people to join the micro-mobility revolution.

video

Recreation and Board Sports Enthusiasts


We continue to push the boundaries in power and performance to create more exciting products and we are very excited about our product development pipeline.  We believe market trends in the board sports category will create another exciting area for our growth.




The Vision


To become the new standard in Light Personal Electric Vehicle Stability

Our goal is to shape consumer expectations for more stable personal electric mobility solutions and to open doors for all people to enjoy the freedom, fun and function of personal electric vehicle ownership.

We have a variety of New Features and Models in various stages of development and are creating advancements in power & performance, suspension systems, steering stability & rider control, as well as an APP for individual customers and fleet management. Our app is currently under development and is not yet available to the public.

 Our team carries an unrelenting commitment to bringing innovative and exciting personal electric vehicles that re-define how people move.  We are confident in our ability to execute with speed, iterating to the highest quality product possible.

*The above is a rendering of a future mobile application. Images are computer-generated demo versions. 

Product is still currently under development

Why Invest


We’re creating Micro-Mobility EV’s that all people can ride, not just a few

CycleBoard’s unique design creates a clear distinction from competitors providing brand visibility to consumers and opportunity for investors.

*This testimonial may not be representative of the experience of other customers and is not a guarantee of future performance or success.

We see crowdfunding as an ideal opportunity for our community of customers and advocates to benefit from our growth and we invite you to Invest in CycleBoard and join us in our mission to improve micro-mobility with our intuitive, eco-friendly, and fun electric vehicles.

Quick Insert

ABOUT

HEADQUARTERS
2925 College Ave. Unit B2
Costa Mesa, CA 92626

Located in southern California, CycleBoard designs, develops and manufactures light personal electric vehicles based on our patented steering technology and 3-wheel platform. Our electric vehicles are fun, functional and easy to ride.

TEAM

Phillip LaBonty
Phillip LaBonty
CEO / Founder

Phillip LaBonty is the CEO & Founder of CycleBoard. He has been granted multiple design and utility patents for the CycleBoard design. He graduated from Auburn University in 1996 with a degree in Biomechanics. He is a US Army Veteran receiving a Bronze Star during the Desert Storm War in Iraq and also spent 3 years as a Firefighter and EMT.  Phillip is an experienced entrepreneur and CEO with a history of success, he was the CEO & Founder of a successful finance company for 10 years reaching 40 million in sales annually prior to starting CycleBoard.  Phillip is fiercely passionate about the personal electric vehicle space and designing products that make a difference in people’s lives.

Ron Millar

Ron Millar

CFO Consultant

Ron Millar is the CFO Consultant for CycleBoard, Inc. Ron is a member of CycleBoard’s management team and assists with the development of financial and operational strategy. He is responsible for forecasting, budgeting, accounting, and financial and tax strategy and works on CycleBoard related matters about 5 hours per week. In addition, Ron is Vice President of Finance for Mariners Companies, a real estate-focused investment firm headquartered in Newport Beach, CA. At Mariners Companies, Ron is responsible for portfolio acquisitions, deal underwriting, portfolio management, accounting, and investor reporting. Prior to joining CycleBoard, Inc. and Mariners Companies, Ron worked in the capital markets groups at Arch Bay Capital, Lehman Brothers, Citigroup, and Merrill Lynch. Ron received an MBA from the University of California, Irvine, and a B.S. from Florida State University.

 Luke Allee

Luke Allee

Mechanical Engineer

Luke Allee is a Mechanical Engineer with CycleBoard and is involved in all aspects of the design, engineering, and manufacturing process. Luke graduated from the University of California Los Angeles with a degree in Mechanical Engineering in 2018. Luke has been handcrafting custom surfboards and other related products since the age of 13 with a focus on quality and timeless design. Luke works closely with the CEO to improve and evolve CycleBoard’s products by pushing the boundaries of safety, quality, and performance.

Jordan Rabot

Jordan Rabot

Industrial Designer

Jordan Rabot is in charge of Industrial Design at CycleBoard. Graduating from California State University Long Beach with a B.S. in Industrial Design, Jordan specializes in new concept design and development as well as product animation. Jordan’s design approach is most influenced by biomechanics and human movement and he thrives on the opportunity to improve user experiences.

Cameron Garcia

Cameron Garcia

Content Creator and Head of Marketing

Cameron Garcia is the Head of Marketing and Content Creation CycleBoard. He is a motion graphics animator, graphic designer, and illustrator based in Orange County CA. He graduated from Northern Arizona University in 2016 where he earned a Bachelor of Fine Arts Degree in Visual Communications with an emphasis in graphic design. His background includes extensive work with branding, website development, packaging design, marketing, and motion graphics.

Brystin Davy

Brystin Davy

Operations

Brystin is head of operations at CycleBoard and touches many areas of the business including inventory management, human resources, affiliate marketing, order fulfillment and customer support. Brystin has deep operational experience and prior to CycleBoard she spent many years in the banking, real estate and mortgage sectors.  

Chan Ry

Chan Ry

Head of Customer Support

Chan is Head of Customer Support at CycleBoard. Chan graduated from the University of California, Santa Barbara in 2011. Chan manages all day to day customer support operations at CycleBoard including quality control inspections and warranty/repairs. Chan deeply believes that the customer is always right and continuously strives to go above and beyond to serve our customers.

April Smith

April Smith

Accounting & COO Consultant

April Smith is the COO Consultant for CycleBoard, Inc. April is a member of the CycleBoard management team and assists with the daily operations and accounting and spends about 20 hrs per week on CycleBoard. In addition, April has been the Vice President of Operations for Mariners Companies since 2008, a real estate focused investment firm headquartered in Newport Beach, CA. At Mariners Companies, April is responsible for day-to-day operations, licensing, portfolio acquisition diligence review, collateral management, servicing oversight, regulatory and legal process review and management. 

Brent Overfelt

Brent Overfelt

Investor & Board Member

Brent Overfelt is President and co-founder of Pacific Equity Group. Pacific Equity Group is headquartered in Newport Beach, California and is a private equity acquisition and management company primarily focused in the manufacturing and Distribution sectors. Since 1999, Pacific Equity Group has invested in, acquired and managed both seasoned businesses and start up entities. In addition, Pacific Equity Group has invested capital in the real estate markets ranging from foreclosed properties, student housing and industrial buildings.  Brent Overfelt graduated from Westmont College in 1994 with a degree in business economics.

Steve Olson

Steve Olson

Investor & Board Member

Steve Olson is the sole owner and principal of Mariners Companies founded in 2007 in Newport Beach, CA. Mariners have purchased over 550 million of residential and commercial real estate assets throughout the continental US. Mariners have been involved in the ownership and management of multiple manufactured home parks, RV parks, commercial buildings, and insurance. Prior to the launch of Mariners Companies, Steve was a principal and co-founder of Mariners Capital Inc, a boutique retail and wholesale mortgage origination platform offering loans to borrowers in 28 states. During his tenure, Mariners provided over $2 billion dollars of financing to borrowers throughout the country. Steve Olson is a graduate from the University of Southern California and is a seasoned investor in many different types of investments including residential and commercial real estate, manufacturing, agricultural, technology, and medical investments. 

TERMS

CycleBoard, Inc.
Overview
PRICE PER SHARE
$7.27
DEADLINE
Nov 23, 2021
VALUATION
$12M
FUNDING GOAL
$10k - $1.07M
Breakdown
MIN INVESTMENT
$290.80
MAX INVESTMENT
$107,000
MIN NUMBER OF SHARES OFFERED
1,375
MAX NUMBER OF SHARES OFFERED
147,179
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

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

Investment Incentives & Bonuses

Time-Based:

Friends and Family Early Birds

Invest within the first 48 hours and receive additional 20% bonus shares.

Super Early Bird Bonus

Invest within the first week and receive additional 15% bonus shares.

Early Bird Bonus

Invest within the first two weeks and receive an additional 10% bonus shares.

Amount-Based:

$290 | Tier 1

$100 Gift Card on any purchase from our website + CycleBoard T-Shirt.

$500 | Tier 2

2% Bonus Shares + $100 Gift Card on any purchase from our website + 10% off any full-priced products sold through our website, excluding shipping and taxes + CycleBoard T-Shirt.

$1,000 | Tier 3

4% Bonus Shares + $100 Gift Card on any purchase from our website + 15% off any full-priced products sold through our website, excluding shipping and taxes + CycleBoard T-Shirt.

$2,500 | Tier 4

7% Bonus Shares + $250 Gift Card on any purchase from our website + 15% off any full-priced products sold through our website, excluding shipping and taxes + CycleBoard T-Shirt.

$5,000 | Tier 5

10% Bonus Shares + $250 Gift Card on any purchase from our website + 20% off any full-priced products sold through our website, excluding shipping and taxes + CycleBoard T-Shirt.

$10,000 | Tier 6

12% Bonus Shares + $500 Gift Card on any purchase from our website +25% off any full-priced products sold through our website, excluding shipping and taxes + CycleBoard T-Shirt.

Discounts are limited to full-price items purchased through www.cycleboard.com. Discounts cannot be combined with other offers or used for products that are already discounted. All discounts are limited to personal purchases for the investor only. Purchases made by the investor to give as gifts to close friends and family members are permitted with CycleBoard’s approval, which will not be unreasonably withheld. Any use of the discount other than for personal purchases or for gifts to close friends and family members is strictly prohibited. Purchases for resale are also strictly prohibited. CycleBoard expressly reserves the right to terminate an investor’s discount if it reasonably believes the discount has been used to make a purchase that was not for the investor’s personal use or as a gift with CycleBoard’s prior approval. Any advertising of the discount in any fashion is strictly prohibited and is grounds for termination of the discount. If in doubt about whether the use of a discount is proper, contact support@cycleboard.com for clarification.

The 10% Bonus for StartEngine Shareholders

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

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $7.27 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $727. 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 canceled 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.

ALL UPDATES

11.23.21

Learn about Bill’s story: Family, friends, & a whole lot of adventures


Allow us to introduce Bill, a father of three active kids, a businessman, traveler, and CycleBoard advocate. Being a bigger guy, 6’6’ and about 290 lbs, Bill always struggled getting great performance out of other light personal electric vehicles. He tried countless different product from one wheels, to birds, but nothing gave him the power he was looking for, until the CycleBoard. Using the Rover as his board of choice, Bill now is able to keep up with his kids, not worry about them getting hurt if they want to ride or not being able to join in on the fun.  Bill and his family now travel to countless destinations taking their CycleBoards along the way. 


Learn how Bill and his family outfitted their sprinter van for adventures and how they take their CycleBoards along for the ride.



We also just wanted to take a moment to thank all of our investor, it means a great deal that you all believe in CycleBoard and see the potential that we do.


If you have not yet invested and still want to do so, today is the last day


Otherwise, please continue to help us by sharing our campaign link with your friends, family, and social channels.


https://www.startengine.com/cycleboard 


Please don’t hesitate to connect with us at www.cycleboard.com


 -Team CycleBoard

10.23.21

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, CycleBoard, Inc. 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 CycleBoard, Inc. 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

10.05.21

CycleBoard is a Smash Hit at Electrify Expo Orange County!


Hello All! 


Well, thats a wrap on the first stop of the Electrify Expo tour. What a wild weekend of outdoor festival fun! We saw EVs, e-scooters, e-skateboards, e-bikes, e-motorcycles, e-surfboards and so much more! CycleBoard was a instant hit at the expo, with over 400 test drive given. Orders have been pouring in from individuals who stopped by our booth to say hello. At this pace we are on track to have one of the best months of sales since inception.

With players such as Hyundai, Polestar, Volkswagen, Jeep, Kia, Mini Cooper, Harley Davidson Serial 1, Evolve, Rad Power Bikes, SUPER73, and many more, it’s no wonder how much of a hit Electrify Expo was. 



About Electrify Expo


Electrify Expo is North America’s largest e-mobility event. It is an outdoor weekend festival showcasing the best of electric mobility from the world’s leading brands. The Orange County event is the first of three Electrify Expo weekends held across the country this year, featuring a festival atmosphere with over more than 500,000 square-feet of exhibition space, along with food trucks and music for the whole family to enjoy. Three stops in 2021 will bring Electrify Expo to Orange County Great Park (September 18-19), Miami Marine Stadium (October 16-17), and Austin Circuit of the Americas (November 12-14).



Recap the Event




We can’t wait to do more events, have more test drives, and show case CycleBoard to the world. 


So please continue to help us grow by sharing our campaign link with your friends, family, and social channels.


https://www.startengine.com/cycleboard


Please don’t hesitate to connect with us at www.cycleboard.com  


-Team CycleBoard 

08.23.21

Notice of Material Change in Offering

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the CycleBoard, Inc. offering. Here's an excerpt describing the specifics of the change:


Issuer is extending campaign


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.

08.16.21

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, CycleBoard, Inc. 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 CycleBoard, Inc. 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

07.01.21

Mark's Story: 2 Years & 46 States Later

Allow us to introduce Mark M., a veteran CycleBoard owner, truck driver and adventurer. Traveling across the country in his big rig for many years, Mark has had the opportunity to see much of what the US has to offer. But Mark’s movements beyond his truck were limited and he was looking for a new and exciting way to move and adventure at the local stops along his route. Mark tirelessly searched through different options, from e-bikes to two wheeled electric scooters but nothing seemed to address his needs for portability, stability, and of course, fun. A friend recommended the CycleBoard Rover and he hasn’t looked back since! 

With a top speed of 27mph, a 40-mile range battery and full suspension, the CycleBoard was the all-terrain answer to Mark’s problems. The CycleBoard’s three-wheel, lean to steer platform provides a stable and intuitive mid-range vehicle that Mark leverages to run errands, sightsee and generally enjoy each of his stops from a new vantage point. 

Learn more by watching Mark’s Story below and see how you can add a new dimension to your life with the exciting CycleBoard.


From Mossy Forests in the PNW to the Beaches in FL


‍Mark has touched ground with his CycleBoard in 46 out of the 50 states so far and continues to ride his CycleBoard daily.  Mark uses his CycleBoard Rover along with a trailer attachment to bring all the necessary gear for his off the grid and off-road adventures. Whether he is exploring the forests of the Pacific Northwest, or riding on the beaches in Florida, Mark always finds a new place to explore on his CycleBoard Rover.




05.24.21

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, CycleBoard, Inc. 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 CycleBoard, Inc. 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

05.18.21

CYCLEBOARD HITS ANOTHER MILESTONE - OVER 300K RAISED!

Hello All! 


We are excited to announce that we recently hit our 300K Milestone!  What can we say other than just WOW and thank you for the endless support and love you share for CycleBoard.  



Sales continue to be strong, and we continue to strive to innovate, fill orders and provide the best customer support possible!  Our website is currently undergoing substantial design improvements as we scale to meet our growing demand and prepare to introduce new models to the market so keep a lookout as we begin to roll those out in the coming months!



Please continue to help us grow by sharing our campaign link with your friends, family, and social channels:  https://www.startengine.com/cycleboard

 

Don’t hesitate to connect with us at www.cycleboard.com  

 

-Team CycleBoard

05.06.21

CYCLEBOARD HAS IT’S BEST MONTH SINCE INCEPTION


Greetings, 


First off we just wanted to wish all the incredible moms out there a happy Mothers Day and we hope that you all have a wonderful and safe Mothers Day weekend. 



Secondly, we wanted to provide everyone with a quick update on what’s going on behind the scenes here at CycleBoard HQ.


We are proud to say that we have raised more than $275K from our incredible CycleBoard community and continue to gain momentum daily!



Sales are off to a great start in the first 4 months of 2021 with a 37% increase compared to the first 4 months of 2020 and April was our best month since inception with approximately $420K in sales. We are on track to have our best year yet!


Things are progressing well from a new product development standpoint as well and we will be submitting final production designs to our factory next week for the first of 2 new models we hope to release for sale before the end of the year. We are very excited about these new models and the opportunity to reach new markets and continue to provide incredible value to our customers! 


Thanks again to our investors, customers and advocates, we sincerely appreciate your support and the love you have for CycleBoard! Please continue to help us grow by sharing our campaign link with your friends, family, and social channels.


https://www.startengine.com/cycleboard


Please don’t hesitate to connect with us at www.cycleboard.com  


-Team CycleBoard

04.23.21

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, CycleBoard, Inc. 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 CycleBoard, Inc. 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

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into CycleBoard, Inc..

JOIN THE DISCUSSION

0/2500

PINNED BY STARTUP

CN
Caleb Naysmith

49 INVESTMENTS

2 years ago

Woah. I make various articles on medium and reddit about companies on StartEngine and someone asked me to look into you guys... and your balance sheet is phenomenal for a startup and given the valuation. 12 Million valuation with revenue over doubling YoY, 1.2 million in assets(245k cash, 880 inventories). 554k profit, with profit almost doubling YoY. Net Income is shrinking so substantially it looks like you guys might turn a real profit next year? Not to mention, the LOC/Debt is 1% from the CEO? Great stuff guys. If you even remotely continue this trajectory, this is a great investment.. I know its a competitive space, but you guys are killing it. A few questions, but I almost certainly think I am going to throw something at this: 1. Plans to go onto StartEngine secondary? I can really only invest so much in a company that I wont see returns in for another 2-4 years or what have you. 2. Plans to branch out from scooters? 3. In talks with any big retails to throw these in stores and sites and such? Aka Amazon,, walmart, etc. Thanks in advance!

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stephen zirlin

2 months ago

I bought two sepaparte transactions of 166 shares of Cycle boards and have no cluew how to sell them for cash. I am getting conflicting answers from their reps. I also have 139 shares in webjoints and want to do the same. Can anyone help? Steve

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Teri Landi

2 INVESTMENTS

2 years ago

HELP!!! I was making my investment into CycleBoard last night before closing and kept getting an error at the end when I hit SUBMIT. I did it several times, kept getting an error but when I checked my investment page, I saw that it submitted it 6 times!! I tried to cancel some of them, but got no indication on my account page that anything has been cancelled and now canceling is not an option. I have not received any cancellation emails. I did get many confirmation emails but unfortunately, they went into my spam. If I had seen just one pop up, I would have seen that it was a bug in the system. I know I have 48 hours to cancel so I would like to cancel all but one of these. My credit card currently has 6 temporary authorizations. I have emailed Start Engine but so far have not had a reply.

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Nehad Matar

2 years ago

Greetings This is Nihad from Israel, of course I invested about an hour ago, but I received no indication of suspension and proof of investment? Am I supposed to get a stock certificate or any investment document A wonderful and pleasant day Welcome Nehad from Israel

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BR
Beth Rogers

2 years ago

How many more funding rounds do you perceive before you become profitable? Also, is there an exit planned or just eventual dividends? Any industry comps of exits?

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Dominick Savillo

71 INVESTMENTS

2 years ago

Any chance CycleBoard will be attending the Electrify Expo in Miami this coming weekend?

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Guin and Joe Ed White

2 years ago

Hey Cycleboard and StartEngine, I just invested with you guys at $1000 tier and would like to know how to get my investment incentives because I can't wait to get my Cycleboards. Thanks.

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Vilem Fruhbauer

77 INVESTMENTS

2 years ago

Hello, I see an unanswered question for a month from David below: 1) Does the silence mean there is indeed a liability concern with your product and how does it compare to other manufacturers of ebikes, scooters or segways? 2) How are your sales so far for Q1 / Q2 / Q3 of 2021, if all stays consistent for the rest of the year are you your sales on track to accelerate the 110% growth of the previous year, or will they most likely drop like they did in 2017-2018? 3) If all stays consistent with the 2021 growth, how soon do you expect to break even, and when that happens do you intend to use the profits to fuel the business growth, or do you plan to keep fundraising to fuel the further growth?

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David Wismer

2 years ago

After contacting multiple public golf courses in the midwest the general consensus is they will not allow CycleBoard Golf boards on the course due to liability concerns. Has any consideration been given to engaging the golf course superintendents about this? Does CycleBoard have a path to appease this liability concern?

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Mark Wineman

1 INVESTMENTS

2 years ago

I have invested a few months ago and have not received any emails saying anything? Except please join us and give me your money emails? Im a little confused about why I did this? My money is gone? I'm sure not but no indication of my investment seems wrong. Please help.

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Cancel anytime before 48 hours before a rolling close or the offering end date.

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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.

With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.

At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.

Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.

StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.

For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.

For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.

Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.

Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.

Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.

RAISED
$396,310.21
INVESTORS
361
MIN INVEST
$290.80
VALUATION
$12M

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Important Message

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. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.


www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.


Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital, LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRA/SIPC . You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary, LLC, a broker dealer registered with the SEC and FINRA. StartEngine Primary, LLC is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.


Investment opportunities posted and accessible through the site are of three types:


1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.


Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy or completeness of any information. Neither StartEngine nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. See additional general disclosures here.


By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.


Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.


California Investors Only – Do Not Sell My Personal Information (800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.


StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.