Ant Bicycle

Regulation Crowdfunding offering on StartEngine

$12,000

of $107,000 goal

11.2% funded

About the offering

Ant Bicycle is an innovative high-tech bicycle-share company based in Cambridge, MA. We are devoted to providing commuting alternative solutions in urban areas with our dockless bikes, scooter & e-assist bikes. We are devoted to bringing healthier alternatives for automobiles and reduce carbon emissions. Users can easily find an available bicycle nearby using a smartphone app. Users can unlock the bicycle by scanning the QR code on the bicycle. To return the bicycle, users manually lock the bicycle and the smartphone app will automatically calculate a bill. Our solution solves many difficulties faced by urban commuting, such as traffic jams, parking difficulties, and the speed & reach limit of walking. Our vision is to expand our system from the greater Boston area in Massachusetts to every corner of the world, providing innovative solutions in short-distance transportation. Even more, we want to devote our effort to environmental protection by making cycling the easiest way to get around. Through the help of our innovative technology and strategic operations, we are able to allow users to ride our bikes for $1/30 mins. Total user fees are much less than owning a bike and much less of a hassle than renting bikes: this includes no deposit, no maintenance fees, and no accessory fees. Low cost doesn’t mean low quality. We have invested in and developed a proprietary lock system equipped with anti-theft monitoring, which is supported by solar energy panels. This system connects with our app via cellular and Bluetooth networks to process payments and manage our bike fleet.

FAQ

How much has Ant Bicycle raised?

Ant Bicycle has raised $12,000 of a $107,000 goal.

Where is Ant Bicycle's campaign listed?

The offering is listed on StartEngine, an SEC-registered Reg CF intermediary.

What are the terms of Ant Bicycle's raise?

Convertible Debt, $40M cap, 20% discount, 5% interest.

When does Ant Bicycle's offering close?

The stated close date is Apr 9, 2019.