How much funding has Magnum Bikes raised?

Magnum Bikes has disclosed $2M raised across 1 round.

Where is Magnum Bikes headquartered?

Magnum Bikes is headquartered in Salt Lake City, US.

Magnum Bikes

Salt Lake City, US · Founded 2021 · Delaware corporation

Magnum designs, engineers, and builds electric bikes, managing its own component selection and molds, with quality assurance done in Salt Lake City, Utah and partner factories overseas. It sells e-bikes for commuting, errands, recreation, and car replacement through a nationwide U.S. network of independent bike shops, company-owned stores, and customer support.

Advanced Manufacturing Direct to Consumer Hardware Mobility & Transportation

Founders & leadership

Yonatan KaymanNamed on SEC filing

Reported raises · per SEC filings

Form D private placements

$2M disclosed across 1 round · 2021

▶$2MraisedAug 2021 · 1 investors · Manufacturing

Rule 506(b)

Officers, directors & promoters on the filing

Yonatan KaymanExecutive Officer

Offering amount: $2M
Amount sold: $2M
Minimum investment: $2M
First sale: Aug 2021
Incorporated: Corporation, Delaware, 2021
Federal exemptions: 04, 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 2

by search overlap

Upway1577 shared keywordsUpway operates an online marketplace for certified pre-owned electric bikes, reconditioning and reselling used e-bikes from brands like Specialized, Trek, and Stromer with a 1-year warranty. It also buys used e-bikes from consumers, retailers, and fleet owners through home pickup and trade-in services in the U.S.

Pedego1109 shared keywordsPedego Electric Bikes designs and sells electric bicycles, including adventure fat-tire models such as the Element 2, offered direct to consumers.

Companies competing with Magnum Bikes for the same Google search keywords, organic and paid, via search-intersection analysis.

Frequently asked questions

What does Magnum Bikes do?: Magnum designs, engineers, and builds electric bikes, managing its own component selection and molds, with quality assurance done in Salt Lake City, Utah and partner factories overseas. It sells e-bikes for commuting, errands, recreation, and car replacement through a nationwide U.S. network of independent bike shops, company-owned stores, and customer support.
How much funding has Magnum Bikes raised?: Magnum Bikes has disclosed $2M raised across 1 round.
Where is Magnum Bikes headquartered?: Magnum Bikes is headquartered in Salt Lake City, US.