Rumble Motors
Imagine Riding Into The Future, TODAY.
Sacramento, CA
Consumer Products
Design
Rumble Motors is an electric vehicle company with a team in California and Sweden that designs and manufactures electric bikes. Rumble's vision is to develop sustainable, affordable and enjoyable vehicles that everyone can afford. Bikes that are eco-friendly and simply a blast to ride.
$672,100
raised
2,170
Investors
$12M
Valuation
$10.00
Price per Share
$230.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering
Rewards
Get rewarded for investing more into Rumble Motors:
$230+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+
Investment
$500 Company Perks
Invest $500 and receive 5% discount on a purchase of a Rumble Motors Bike.
$1,500+
Investment
$1500 Company Perks
Invest $1,500 and receive 8% discount on a purchase of a Rumble Motors Bike.
$2,500+
Investment
$2,500 Company Perks
Invest $2,500 and receive 12% discount on a purchase of a Rumble Motors Bike.
$5,000+
Investment
$5,000 Company Perks
Invest $5,000 and receive 18% discount on a purchase of a Rumble Motors Bike.
$10,000+
Investment
$10,000 Company Perks
Invest $10,000 and receive 25% discount on a purchase of a Rumble Motors Bike.
Reasons to Invest
Perfect blend of style, fun and eco-friendly
Greatly positioned for a growing market
We believe government regulations will favor e-bikes
Rumble Motors is a Swedish/American electric vehicle company that designs and manufactures electric scooters. Our vision is to develop sustainable, affordable and enjoyable vehicles that everyone can afford. Rumble Motors was founded as an LLC in 2018 following years of cutting edge research. Rapidly outgrowing this corporate structure, Rumble Motors, Inc was born in 2019. Stagnation in the automotive industry has created a fertile ground for Rumble Motors to leverage new technology into an underserved market while also being responsible global citizens.
Since inception, Rumble Motors has developed three generations of vehicles. Despite this relentless pace of product development, it has shipped over 200 units. Customers to date have been private individuals, but Rumble Motors is aggressively courting distributors. With its completed production facility in Sweden and a new Sacramento facility currently in the planning stage, the company believes it can increase the production schedule of third-generation e-Bikes by tenfold.
Who Said "Fun to Ride" can't be Eco-Friendly?
At Rumble Motors, solving problems customers didn't know they had is a key focus. A prime example was adding engine noises to the bikes. This feature, unique to Rumble's bikes, not only increases safety but exemplifies a commitment to "Make Green Fun", demonstrating that quality alternatives to gas-guzzling transport can be both affordable and enjoyable.
Rumble Motors: Zero Emission Electric Bikes
Every design choice Rumble makes is backed by market research. The added engine sounds came about from specific market research and years of listening to customers. E-Bike enthusiasts had specifically stated that they missed their engine sounds, and Rumble listened. Engine sounds offer two main advantages:
Rumble
Rumble Motors presents a new cutting edge design and technology - our namesake electric scooter. The design and shape is inspired by a Cafe Racer bike and it perfectly melds past and future into a powerful, yet beautiful package.
Scrambler
The Rumble Scrambler is the latest Cafe Racer bike from Rumble Motors. This beauty is designed to take you back to 1977 when the founders of Rumble Motors created their very first bike. Right now it is available for pre-order, and it is anticipated to ship in April 2020.
Rumble AIR
Rumble Motors plans to launch a campaign on Indiegogo for the revolutionary Rumble AIR. Designed to be the solution for urban commuting & recreation alike; the Rumble Air promises to turn heads. Breathe deeply, and let the boosts of speed and excitement breeze across your senses. Can you imagine the smile on your face riding a Rumble Air? We at Rumble Motors thought so too.
So look for the Rumble Air Indiegogo campaign to launch on the heels of our Start Engine Campaign. Invest TODAY to make your Rumble Air a reality.
Moon Walker Update: The Moon Walker is still in production, however due to investor comments we will be prioritizing the Rumble Air.
Rumble is currently completing the planning of the construction of its main factory in Sacramento, California. This facility will serve as the hub moving forward for all operations. It will serve as the main manufacturing location for its United States, Canadian and South American markets. The Rumble Motors factory in Sweden will serve as the hub for its European market, leveraging the Schengen economic zone policies for electric vehicles. Our plan is for the two facilities to increase output capacity to 2600 bikes per year, dwarfing current production of 200 per year and enabling Rumble to move beyond its current made-to-order model.
Product acceptance, pilot runs, and pre-production testing will be performed in Sacramento as Rumble forges partnerships around the globe. Training for key personnel will also be conducted in Sacramento to ensure the highest standards are maintained.
In addition to the main factory, global logistics, and R&D will be also be located in Sacramento. This will ensure cost and quality control across Rumble's diverse markets. Rumble Motors is aggressively pursuing ways to expand production capacity. Rumble is looking to sign licensing agreements with partners in both the US and Europe which will allow expansion into markets faster providing local advantages that are not available if Rumble were to handle full distribution of bikes themselves.
Rumble is always looking for innovative ways to improve its bikes. One feature currently in development is the use of telematics (widely called the Internet of Things) to enable products to be used in fleet operations. This not only creates a great business model for the bikes beyond the consumer market, but it will also enable rapid refinement of the bike's efficiency. The tracking, remote diagnostics, and real-time vehicle statistics will greatly accelerate product development.
The ultimate goal will be to have a touch panel interface on the bikes themselves that can be configured for taxi or freight operations. We believe remote diagnostics and updates will make the vehicles very attractive to both consumers and urban fleet operations.
In keeping with their core design principle of Modular Design, the next versions of the Rumble Motors product Lines will feature consumer replaceable batteries. This is a key step forward in entering the Fleet and Delivery Markets. At just 10-15kg, these batteries will be easily swapped for recharging, allowing for extended vehicle operations with very little downtime.
Rumble Motors is never satisfied. Originally expecting a 4-6 year timeline for solar panel technology to be viable as an addition to their bikes, that has now been shattered. At the end of October 2019, a partner was found it can produce a unique flexible panel that will be a perfect addition. Currently undergoing Rumble's rigorous testing protocols, once released it will be another e-bike world first. Rumble's flagship bike will sport the form-fitting panels, allowing it to recharge while turning heads as you grab a coffee or a bite to eat with friends.
The demand for electric vehicles, motorcycles, in particular, continues to grow worldwide. If the information provided by the National Association of City Transportation Officials (NACTO) is any clue, interest is surging throughout Europe, the US, and Asia.
To our knowledge, currently, major manufacturers are focused on either small scooters or full-sized vehicles and only small startups offer vehicles in the same class as Rumble Motors. This has left consumers with very limited options between tiny one person standing scooters and full-sized electric cars or motorcycles. Seeking to capitalize on this opportunity Rumble looks to fill the gap with increased manufacturing capacity and aggressive pursuit of partnerships worldwide.
Beyond the obvious consumer market for electric bikes, Rumble will be expanding into the commercial space as well. Coming in 2020 Rumble will be launching Rumble GoGo. Rumble's vehicles have zero emissions and are a perfect fit for the rapidly expanding urban delivery market, particularly the "final kilometer" portion of the delivery. Rumble GoGo will bring an easy to use and environmentally friendly option to the market while creating new jobs at low overhead with an easy to use delivery app. All while allowing delivery companies to showcase their commitment to a greener future.
Rumble's ideal customer cares about the environment but realizes this doesn’t need to come at the expense of beauty or the thrill of the ride. This dedication to a Cafe Racer heritage has given Rumble a diverse range of customers from rural towns to Silicon Valley. Rumble taps into the universal thrill of a finely made machine while being a responsible global citizen.
The Electric Vehicle Initiative (EVI) seeks to expand electric vehicle usage worldwide and has begun to take notice of electric scooters. The 2019 International Energy Agency report (IEA) noted that “shared electric foot scooters now operate in around 129 cities in the United States, 30 in Europe, 7 in Asia and 6 in Australia and New Zealand.” The EVI currently has 13 countries as backers, including Canada, Japan, and many European countries.
Rumble Motors aims to capitalize on this wave of growth and position itself to capture the urban consumer who doesn’t need a full-sized vehicle but needs a more robust vehicle than a foot scooter.
As urban environments grow denser, and countries invest more heavily in public transport, Rumble is perfectly poised to fill the first/last kilometer gap that is left unfilled by large scale transportation products. Rumble views its eco-friendly bikes as the perfect fit to reduce urban congestion and complement existing public transportation systems.
Today's largely fossil-powered mopeds and motorcycles are contributing to Air Pollution and Rumble believes this will accelerate the demand for environmentally friendly transport. As larger vehicles become more and more eco-friendly, Rumble Motors envisions the focus naturally turning to small internal combustion engines with poor exhaust purification. These also pose a major problem and contribute to greatly increased air pollution, a problem which will only become more acute, Rumble has the solution.
The market outlook for global electric scooters market size was USD 17.43 billion in 2018 meanwhile the global electric mobility market size is expected to reach USD 480 billion in 2025. This report also highlights that the greater than 48V category of scooters is the most rapidly expanding segment. We believe the segment Rumble’s current and future product lines fall into the <48V category.
Rumble Motor’s long term goal is to be a leader in the space, and to this end, it is seeking to dramatically expand production. With just over 200 bikes delivered to date in 2019, our hope to expand the production capacities in Sweden and Sacramento to increase capacity to 2600 units in 2020. This plan will give Rumble an over ten-fold increase in production, enabling the company to break out of its current on-demand production cycle and pursue distribution agreements and licensing options.
It is Rumble's opinion that planned investments in manufacturing will result in a sharp increase in volume during the latter part of 2019. This volume increase, combined with cost reductions through local production and increased local component supply, will hopefully allow the company to grow on a quarterly basis. This will be on pace to reach 2020 expansion goals, barring any permission and permitting delays. Rumble is currently debt-free and this campaign will enable the company to expand will maintaining this position.
As a privately held, full-scale electric bike manufacturer, we currently offer two product lines; the Rumble and the Scrambler. Both are fully electric and showcase Rumble Motors' commitment to quality, aesthetics, and FUN. The Cafe Racer is its flagship model and incorporates our innovative engine noise option. The Scrambler is Rumble's homage to the cafe racer style bike’s that started our passions so many years ago.
Rumble is currently a made-to-order business, poised to expand through a combination of licensed manufacturing and distribution contracts. Currently, Rumble is developing partnerships with vendors in France, Spain, Indonesia, Dubai, Canada, Brazil, Mexico, and several others. Its production facility in Sweden was the first step and, with the completion of a flagship facility in Sacramento, Rumble hopes to capture market share in a rapidly expanding sector.
Your investment from in this campaign will allow Rumble Motors to establish global partnerships and increase production capacity to levels that support marketing beyond its current word of mouth demand.
An aggressive expansion strategy will utilize Rumble's network of social media influencers, Google ads and marketing tools to grow its customer base far more aggressively. After all...who said you can’t have some fun while making the world a bit greener?
In the Press
Offering Summary
Company | : | Rumble Motors, Inc. |
Corporate Address | : | 4563 Maple Crest St, Sacramento, CA 95834 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $1,070,000.00 |
Minimum Investment Amount(per investor) | : | $230.00 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 1,000 |
Maximum Number of Shares Offered | : | 107,000 |
Price per Share | : | $10.00 |
Pre-Money Valuation | : | $12,000,000.00 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Company Perks*
Invest $500 and recieve 5% discount on a purchase of a Rumble Motors Bike.
Invest $1,500 and recieve 8% discount on a purchase of a Rumble Motors Bike.
Invest $2,500 and recieve 12% discount on a purchase of a Rumble Motors Bike.
Invest $5,000 and recieve 18% discount on a purchase of a Rumble Motors Bike.
Invest $10,000 and recieve 25% discount on a purchase of a Rumble Motors Bike.
*All perks occur when the offering is completed.
The 10% Bonus for StartEngine Shareholders
Rumble Motors, 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 $10/ share, you will receive 110 common stock, meaning you'll own 110 shares for $1000. 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.
Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$233,426.00
USD
$18,282.00
USD
Cash And Cash Equivalents
$66,703.00
USD
$1,922.00
USD
Accounts Receivable
$1,915.00
USD
$0.00
USD
Short Term Debt
$9,151.00
USD
$7,070.00
USD
Long Term Debt
$0.00
USD
$0.00
USD
Revenues And Sales
$260,839.00
USD
$135,434.00
USD
Costs Of Goods Sold
$159,917.00
USD
$214,809.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$169,080.00
USD
-$123,757.00
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
Launch of the new Rumble I Henry AIR SST
19 minutes agoThe entire staff of Rumble Motors and Henry Electric have been working really hard to finish the prototypes of the Rumble I Henry new high-performance e-bikes.
We sold out the first batch of pre-order in under two days, this is great news and we are happy that our customers around the world loved it as much as we did.
The second batch is up for pre-order now and we will start delivering them in 2 months.
Rumble I Henry AIR SST e-bikes will be made in Detroit MI.
RJ Khademi from Rumble Motors traveled together with the CEO of Imperium EV Rick Curtis to meet with the CEO of Henry Electric Kevin Kuza in Detroit MI.
Together we are going to manufacture and develop the future of transportation, the journey has just begun and we are really excited to have all of our investors with us on this venture.
From left: RJ Khademi - Rick Curtis - Kevin Kuza
Check out Rumble Motors new electric Golf Cart
30 days agoRumble's R&D team has been working around the clock to finish the design of the latest addition to the Rumble collection.
We are very proud to finally present the Rumble Golf Cart to the public, the Rumble Cart will be made in Los Angeles via our new business partners Imperium EV.
The Rumble Cart will be available for golf courses and also sold to end consumers, it will be very light and portable with a removable battery, suspensions, foldable steering, and seat so you can easily bring it with you to any golf course.
There will be a full specification soon to review on our website.
Notice of Funds Disbursement
about 1 month ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Rumble Motors 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 Rumble Motors 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 1 month ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Rumble Motors offering. Here's an excerpt describing the specifics of the change:
Rumble Motors extended its 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.
Finally we have launched the brand new Rumble n Henry MADMAX E-Bike.
about 2 months agoRumble Motors and Henry Electrics first-ever e-bike built-in Detroit.
The collaboration will go under the name Rumble n Henry, today we are very proud to announce the very first Rumble n Henry high-performance e-bike MADMAX ATB.
Rumble Motors is growing rapidly and we have even more great news to come with amazing collaboration for 2021 and 2022.
This couldn't be possible without our investors and we are really excited to have you onboard on this amazing venture.
Notice of Funds Disbursement
2 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Rumble Motors 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 Rumble Motors 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
Rumble e-bikes will be Made in the USA start May 2021
2 months agoToday we can finally reveal a great press release regarding our new partnership with our new team at Henry Electric in Detroit.
Henry Electric is a custom-built electric bike manufacturer in Detroit MI.
Starting in May 2021 all of Rumble Motors electric bikes will be manufactured by our team together with Henry electric in Detroit.
The collaboration between Rumble and Henry will really take a step in the right direction to produce one of a kind high-quality made in the USA e-bikes.
There will be many variants of each bike model and each customer will be able to custom-build their bikes on our website and have them delivered in under 30 days.
There will be full bike customization, you will be able to choose between 5-10 different seats, tank, wheels, rims, colors, etc.
The idea will be that each Rumble n Henry e-bike will be unique to each customer.
There will new e-bike model coming out in May 2021, first out is the AIR SST.
The AIR SST is based on the AIR SS but with brand-new parts and performance.
SST stands for Super Sport Terrain.
Below you can see three different variants and there will be more to come.
There will be a new competition out soon, you will be able to win a brand new fully customized AIR SST.
Let us know in the comment section which proposal is your favorite AIR SST.
The last winner was Cindy Hesse one of our investors and we just delivered her AIR e-bike, Cindy was the one that named this bike model AIR-series and we couldn't be happier with the winning name so thank you Cindy.
Notice of Funds Disbursement
3 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Rumble Motors 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 Rumble Motors 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
Press release - You don't want to miss this as an investor
3 months agoWe are pleased to finally announce our partnership with Imperium EV a subsidiary of DSG Global Inc.
Imperium EV has exclusive rights to distribution sales on selected Rumble Motors models.
What does this mean for Rumble Motors and our investors?
100% growth in yearly sales!
Yes, DSG Global Inc will be purchasing 600-800 bikes per year on top of our own sales.
If you, like us, are excited about this new partnership, please click the link below to learn more.
https://www.nasdaq.com/press-release/imperium-motors-corp-a-division-of-dsg-global-inc.-receives-first-overseas-shipments
Notice of Funds Disbursement
3 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Rumble Motors 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 Rumble Motors 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
Invest in Rumble Motors and win our new e-bike from our very first production in Q1 2020
Comments ({{profileCtrl.startup.comments_count}} total)
{{ profileCtrl.commentsLoading ? 'Loading...' : 'Show More Comments' }}