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

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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

Yoni Kayman FounderHe has background in supply chain management and product development within the sporting goods industry.

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.

Related companies · 3

UpwayUpway, founded in 2021, sells refurbished electric bikes that are inspected and repaired by its in-house mechanics, sold at reduced prices with a 12-month warranty and home delivery. It sources bikes from manufacturers, bike shops, and individuals, operating in France and internationally including Germany, Austria, Switzerland, the Netherlands, Belgium, and the United States.

PedegoPedego manufactures and sells electric bicycles, with a focus on customer-centric design and personal experience.

Dicks Sporting GoodsDick's Sporting Goods operates a network of sporting goods retail stores under the Dick's Sporting Goods, Golf Galaxy, Public Lands, and Going Going Gone! banners, along with experiential concepts like Dick's House of Sport and Golf Galaxy Performance Center, selling equipment, apparel, footwear and accessories to athletic customers across the United States; the company also owns and operates Foot Locker, a global footwear and apparel retailer with multiple banners serving sneaker enthusiasts across North America, Europe, Asia and Australia, and owns GameChanger, a mobile platform for youth sports live streaming and team management.

Companies working in the same space as Magnum Bikes.

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.