RideApart
The Mysterious Rumble is an E-Bike With Engine Noises
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.
$805,840
raised
2,373
Investors
$12M
Valuation
$10.00
Price per Share
$230.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on January 19, 2022 and is no longer accepting investments.
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.
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 Q4 in 2022, 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 2023 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.
It is Rumble's opinion that planned investments in manufacturing will result in a sharp increase in volume during the latter part of 2021. 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 2022 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?
Quick Insert
In the Press
Geeky Gadgets
Unique Rumble Electric Bike Offers A Range Of 60 Miles
Electricmotorcycles.news
Rumble Motors is all about timeless design
Tesztmotor.hu
Rumble-E-Bike-Cafe-Racer-Scooter-05
SIA Magazine
World’s First Fully Electric Cafe Racer Scooter
Discovery Canada
Are You Ready to RUMBLE?
Gadget Flow
Rumble E-Bike Cafe Racer Scooter
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.
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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
What's next for Rumble Motors?
3 months ago2020
Rumble Motors was growing faster than we could keep up with the demand for Rumble e-bikes, Start Engine contacted us at perfect timing, and after a few meetings with the founder of Start Engine, we accepted the offer to raise funds here on the Start Engine platform so that we can manufacture more e-bikes to keep up with the demand.
2021
This year we wanted to expand to the next level. We understand that buying an e-bike online wasn't enough for all customers. Many customers reached out to us and wanted to test ride a Rumble e-bike before they decided if this was the e-bike they were looking for. That is why we decided to open up our very first showroom in the heart of Sacramento, CA.
2022
The expansion has always been our goal to manufacture more e-bikes. In 2022, we are also working towards gaming and NFT.
Rumble Motors has grown to a team with four new team members, and each new team member is specialized in their own field of expertise when it comes to gaming and NFT.
2023
Gaming and NFT will take place in 2023, we will release our first NFT, and each new customer will be able to use their Rumble SuperBike in the Metaverse world.
We know that this is a lot to take in as an investor, but don't worry. We will update you monthly, show the result step by step, and educate you if you are not familiar with NFT and Metaverse.
Each investor will get an NFT offer when it has been released.
This is just the beginning of the expansion, the future is very bright, and we are happy to have you on board.
Notice of Funds Disbursement
4 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 Motors Presents a brand new Electric Super Sport Bike
4 months agoWe want to start this update by saying a big thank you for trusting and investing in Rumble Motors.
It's been an excellent experience to run our first fundraising here on Start Engine.
The way for us to show how significant impact our investors have been on Rumble Motors and helped Rumble grow and continue growing is to show Rumble Motors' future and the future of Transportation.
Today, we are releasing the first video for Rumble's electric super sportbike, and we are working to show the prototype at next year's LA Auto Show.
Friendly reminder: Rumble Motors Start Engine campaign will end in 14 days, this is the last chance to invest before it closes down. Thank you once again and the future is bright for Rumble Motors.
Notice of Funds Disbursement
5 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
Notice of Funds Disbursement
6 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
Notice of Material Change in Offering
6 months 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:
The issuer is extending their offering 60 days 01/18/2022
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.
Visit us at the LA AUTO SHOW - Looking forward to see you there
6 months agoLA AUTO SHOW UPDATE:
Finally, we are getting close to one of the greatest automotive trade shows in the world, and the LA Auto Show will open its doors for visitors on November 19th, 2021, and will end on November 28th, 2021.
If you are in LA, we would be delighted for you to visit us and meet some of our team behind Rumble Motors. We will have some of our latest e-bikes at the trade show so you can see them in person, and we would also love to answer any questions you might have.
Notice of Funds Disbursement
7 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 Motors New Showroom in Sacramento CA
7 months agoWe are excited to finally show the finishing touches of our new HQ and Showroom located in Old Town Sacramento.
Do you wonder why we choose this location to be Rumble Motors' new HQ and main Showroom?
Well, Old Town Sacramento was carefully picked to be our new HQ because many tourists from all over the world visit Old Sacramento every day.
We have the opportunity to meet people that never heard about Rumble Motors by coming into our Showroom and discussing our collection of e-bikes.
Rumble Motors showroom will be Cafe Racer-inspired. You can visit and have a cup of coffee or even play a game of table tennis.
Rumble Motors showroom is a hangout place to meet, have fun and check out our latest e-bike collection.
When we open the doors, an invitation will be sent out to all of our investors to visit us and meet our team.
The picture below is how our Showroom looked before the renovations.
Meet us at LA Auto Show in November
7 months agoRumble Motors will attend the LA Auto Show this November, we would like to invite all of our investors that have the possibility to visit our booth at the LA Auto Show.
Rumble Motors will together with Imperium EV be at one of the largest tradeshows for automotive innovations, over a million visitors attend each year.
Rumble Motors will be at one of the largest booths in the middle of the Tradeshow.
There will be a booth number that we will update you with so you can find us when you arrive.
We hope to see many of our investors there and chat about the future of Rumble Motors or anything that might come up :)
Invest in Rumble Motors and win our new e-bike from our very first production in Q1 2020
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