Fundraising FoxFleet Cycles
Monona, US · Founded 2021 · Wisconsin corporation
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Fleet Cycles designs and builds heavy-duty electric cargo trikes and mobility platforms for defense logistics, industrial facilities management, last-mile logistics, and commercial fleets. Developed through a partnership with the U.S. Air Force, its vehicles help teams move people, tools, and cargo while reducing fuel, emissions, and operating costs.
Founders & leadership
Board
Reported raises · per SEC filings
Form D private placements$740K disclosed across 1 round · 2025
▶$740KraisedMay 2025 · 10 investors · Other TechnologyRule 506(b)
- Chad DeBakerExecutive Officer, Director
- Michael BasarichExecutive Officer, Director
- Lillian MormannDirector
- Offering amount
- $915K
- Amount sold
- $740K
- First sale
- May 2025
- Incorporated
- Corporation, Wisconsin, 2021
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 1
Companies working in the same space as Fleet Cycles.
Non-dilutive funding · 1 SBIR/STTR award
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| U.S. Air ForceAir Force | Phase I | 2023 | $73.2K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
Frequently asked questions
- What does Fleet Cycles do?
- Fleet Cycles designs and builds heavy-duty electric cargo trikes and mobility platforms for defense logistics, industrial facilities management, last-mile logistics, and commercial fleets. Developed through a partnership with the U.S. Air Force, its vehicles help teams move people, tools, and cargo while reducing fuel, emissions, and operating costs.
- How much funding has Fleet Cycles raised?
- Fleet Cycles has disclosed $740K raised across 1 round.
- Where is Fleet Cycles headquartered?
- Fleet Cycles is headquartered in Monona, US.