INVEST IN CYCLEBOARD, INC. TODAY!
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
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
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
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.
*These testimonials may not be representative of the experience of other customers & are not a guarantee of future performance or success.
How It Works
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
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
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
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
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
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.
*The above is a rendering of a future mobile application. Images are computer-generated demo versions.
Product is still currently under development
Why Invest
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.
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.
Ron Millar
CFO Consultant
Luke Allee
Mechanical Engineer
Jordan Rabot
Industrial Designer
Cameron Garcia
Content Creator and Head of Marketing
Brystin Davy
Operations
Chan Ry
Head of Customer Support
April Smith
Accounting & COO Consultant
Brent Overfelt
Investor & Board Member
Steve Olson
Investor & Board Member
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.
11.23.21
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
[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
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.
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).
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
[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
[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
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.
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
[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
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
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
[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
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