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Lynx City isn't accepting new investments

Lynx City’s deadline was May 1, 2021

Follow the company to stay updated on their progress, including future investment opportunities


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Logo of Lynx City

Lynx City

Eco-friendly micro-mobility options supporting local wildlife
Green Power Transportation
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Featured image of Lynx City
$69,315
Raised
201
Investors
Successfully funded and closed on May 1, 2021.
Invest in Lynx City

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Pitch Updates 4 Reviews 26
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Closed on May 1, 2021. Information may not be up-to-date. Campaign closed on May 1, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Lynx City LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Lynx City Crowd SAFE Lynx City Form C.pdf
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Hear from some of the 201 investors in Lynx City


Show more

Highlights


$500K+ revenue
Company had over $500K in revenue in the past 12 months
  • Available in Orlando, Bridgeport, New Milford, Stratford and more
  • $500K in revenue in 6 months
  • 70K+ rides since launch
  • TAM of $200-300B by 2030
  • Strong per unit economics, with an average revenue of $8/ride
  • Projected revenue of $15M + by 2023

Problem


Scooter businesses aren’t successful—or are they? 

Despite the mass popularity of electric scooter rental services, there are a lot of doubts about the overall success of the businesses that run them. It’s a common misconception that scooter businesses have negative unit economics and constantly need fleet upgrades to keep up with usage. The reality is electric scooters remain the easiest and most efficient way to create safe last-mile travel. 

Solution


Lynx City is a civic-minded solution to electric scooters

Lynx City is a micro-mobility e-scooter rental company that's dedicated to promoting civic interests and easing everyday life for folks on the go. We work with college campuses and cities to promote community events, school happenings, city concerts, and more. We encourage our customers to explore their downtown areas and shop local businesses. A portion of each ride is donated to local wildlife rehabilitation experts in the cities Lynx operates in. Our company solution is to launch markets we know we can win, avoid irrational RFPs and competition, and operate positive ride economics from day 1.

 

Product


Download the app, find a scooter, and roll with Lynx

All that's needed to get started with Lynx City is to download our app, which is currently available on both iOS and Google Play platforms in both English and Spanish. 

  1. Open the app to locate a nearby Lynx City scooter on the map

  2. Unlock your Lynx by scanning the QR code on the scooter

  3. Lynx Your City and have fun traveling to your destination

  4. Once you've arrived at your destination, park your Lynx scooter safely out of the way of foot traffic


In 2021, Lynx City plans to roll out its e-bike solution to target a larger market, offering a multi-model service. 

Lynx City also partners with local communities and businesses so their scooters are more than just a way to get around – it’s a way for people to connect, shop, and explore their cities.

Traction


Lynx City has seen massive growth within 6 months of launching

Lynx City has seen massive growth since our launch 6 months ago. We’ve now grown to 2 major cities, 4 secondary cities, and reached 1 college campus. We’ve seen $500K in revenue and 70K+ rides. Our core team has been assembled; and we’ve fully developed our proprietary maintenance software, and rolled out our multilingual app and dispatch software.


2020202120222023
Scooters (end of period)                         200                    2,500                    5,000                    10,000
Avg Rev/Scooter/Day $9.01 $10.00  $12.00$15.00
Revenue$0.64mn$5.45mn$9.32mn$15.10mn
Gross Profit$0.63mn$5.31mn$9.10mn$14.73mn
EBITDA$0.11mn$2.17mn$3.67mn$5.79mn

Customers


We help anyone find a ride, anytime

Lynx City scooters appeal to anyone who wants the freedom and affordability of micro-mobility options. Our e-scooter market is primarily those ages 18-40 who are looking for an easy way to travel. 

Business model


$1/ride with a small per-minute fee

Lynx City is affordable and accessible to students and city dwellers. We charge a $1 flat fee to unlock a Lynx scooter and a small per-minute fee of $0.29-$0.35. Thus far, we've experienced strong per-unit economics with an average revenue of $8/ride. 


1 ride
Avg time (min)
20.46
Revenue$8.00
COGS$0.20
Gross Profit$7.80
OPEX$4.74
EBITDA$3.07

Lynx City is launching its D2C model in Q1 of 2021. Customers will be able to rent an E-scooter for $99 a month, which will automatically renew until cancelled. This subscription model will be further complemented by same-day delivery right to their doorstep. Lynx City has also secured an agreement to pilot this subscription model with leading eCommerce marketplace, delivery.com, in Q2 of 2021. 

Market


U.S. micro-mobility market is predicted to be worth between $200-300B by 2030

By now, virtually everyone living in a major city has seen micro-mobility solutions crop up. Consumer demand and interest are driving this market, which is predicted to be worth $200-300B by 2030. With our current traction and revenue model, we project revenue to grow to $15M by EoY 2023. 

The electric scooter industry will boom after COVID-19

Love Money, 2020

Competition


Lynx City targets small and middle markets where there's little to no competition

Lynx City has a competitive edge over current competitors in the market due to our market target and availability. Unlike Bird, Lime, and Spin, we have focused primarily on smaller cities that have been ignored in favor of larger markets. As such, we enjoy little to no competition in certain geographies, allowing us to build up our brand visibility across the US. 

Vision and strategy


Growing to 3K+ scooters over the next 18 months

With your investment, you can help us grow to 3K+ scooters over the next 18 months. We plan to launch in over 7 new locations in 2021.

Location
# Units
Timing

Jacksonville, FL

250-350

RFP In Review

Orlando, FL

200

1H:21

Loudoun County, VA

500

1H:21

Orange County, FL

200

2021

Ft Pierce, FL

250

RFP In Review

Sacred Heart University

100

2021

New Haven, CT

500

RFP In Review

Bridgeport, CT

500

2021

Direct to Consumer

250

2021

University of Bridgeport

250

2021

TOTALS

~3,000

Next 12 months

Funding


We're raising $1M+ to support product expansion and key hires

Lynx City has received tremendous support and response from our initial communities, and we're looking to fund our robust pipeline. We are currently raising $1.07M to support unit numbers and upgrades, marketing efforts, and key hires in technology.

Founders


Invest in the experts


The Lynx City team brings decades of combined experience in Electronics, Tech, Operations, Business Development, Strategic Partnerships, and Finance. All managing members have been entrepreneurs in forward-thinking cutting edge markets for over 15 years and are dedicated to the growth of Lynx City.

Deal terms


Valuation cap

$12,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Lynx City occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Lynx City is accepting.
Learn more

Funding goal

$1.07M

Lynx City must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Lynx City needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Lynx City LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Lynx City Crowd SAFE Lynx City Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Lynx City.
129 investors
Invest
$100
Receive
  • Lynx branded travel bottle
  • Limited (871 left of 1000)
28 investors
Invest
$250
Receive
  • Lynx branded hat
  • Limited (72 left of 100)
12 investors
Invest
$500
Receive
  • Lynx branded helmet
  • Limited (88 left of 100)
16 investors
Invest
$1,000
Receive
  • Lynx branded travel backpack (reserved for first 100 investors)
  • Invitation to quarterly investor meetings with the founders (for all investors over $1,000)
  • Limited (84 left of 100)
2 investors
Invest
$10,000
Receive
  • Lynx branded E-scooter
  • Limited (8 left of 10)

Why others invested

See all reviews (0) See all (0)

I believe in the product and the approach this company is taking.

Profile picture of Shayne Baxter
Shayne Baxter
Active investor
about 4 years ago

Very cool pitch an business model in my opinion. Truly believe in business an its ability to grow globally while helping wildlife. God bless an keep inspiring greatness thru Lynx City.

Profile picture of Derrick Williams Sr
Derrick Williams Sr
Active investor
about 4 years ago

I want to see more communities have the opportunity to have a safe and affordable means of transport that does not involve cars.

Profile picture of Matthew Raab
Matthew Raab
Investor
about 4 years ago

About Lynx City

Legal Name
Lynx City LLC
Founded
May 2019
Form
Connecticut LLC
Employees
5
Website
lynx.city
Social Media
Headquarters
Google Map location of of Lynx City
102 Wooster St A5 , Bethel, CT
Headquarters
102 Wooster St, A5, Bethel, CT, United States 06801

Lynx City Team
Everyone helping build Lynx City, not limited to employees

Profile picture of Alan Moisio
Alan Moisio
CEO/Founder
Alan is the founder and CEO of CCS, an automation company serving Connecticut and New York since 2006. Alan oversees commercial and residential projects, client acquisition, growth, and sales. Alan has been an entrepreneur and inventor since 2004.
Profile picture of David Harvey
David Harvey
COO/Founder
David has been an entrepreneur since 2007 and has grown his business portfolio to include Lynx City, a delivery.com franchise, and Dogs Unleashed. David holds CEO and COO titles for his companies and manages a combined team of over 80 staff members.
Profile picture of Derek Pierson
Derek Pierson
CTO/Founder
Derek is the CTO and co-owner of CCS, an automation company serving Connecticut and New York since 2006. Derek has extensive knowledge in electronics, programming, and mechanical engineering. Derek has been an entrepreneur since 2009.
Profile picture of Nathaniel Brogadir
Nathaniel Brogadir
CBO
Nat runs the commercial business at delivery.com overseeing partnerships, sales, revenue, strategy, and growth. He also leads all investor relations and finance functions given his extensive equity research and investing experience.
Profile picture of Sheri  Fanning
Sheri Fanning
Market Acquisition
Profile picture of Dusten Dorey
Dusten Dorey
Florida Regional Manager
Profile picture of Kristen Kyle
Kristen Kyle
Dispatch Operations Manager
Profile picture of William  Borck
William Borck
Lead Mechanic
Profile picture of Ronald Grondin
Ronald Grondin
Tech
6 more team members
Alan Moisio
CEO/Founder
David Harvey
COO/Founder
Derek Pierson
CTO/Founder
Nathaniel Brogadir
CBO
Sheri Fanning
Market Acquisition
Dusten Dorey
Florida Regional Manager
Kristen Kyle
Dispatch Operations Manager
William Borck
Lead Mechanic
Ronald Grondin
Tech

Press

Electric scooter company Lynx expands into Bridgeport
News 12 - Connecticut News 12 - Connecticut
·
Jul 7, 2020

An electric scooter company is providing an alternative for people trying to get around Bridgeport. Bethel-based Lynx has...

Bridgeport Mayor Joe Ganim Endorses Lynx City
Facebook Facebook
·
Jul 7, 2020

Bridgeport Mayor Joe Ganim Endorses Lynx City. Rides a Lynx City scooter down Bridgeport.

Lynx electric scooters roll into Orlando with plans to ex...
FOX 35 Orlando FOX 35 Orlando
·
Feb 5, 2020

Conneticut-based company 'Lynx City' is bringing its electric scooters to Orlando. They announced that after receiving ap...

50 electric scooters now available to rent in New Milford
WTNH.com WTNH.com
·
Oct 5, 2019

by: Leah Myers Posted: / Updated: NEW MILFORD, Conn. (WTNH) - It will now be easier and more environmentally friendly to ...

LYNX CITY SCOOTERS PARTNERS WITH BEARDSLEY ZOO | News Break
News Break News Break

After securing a contract to operate its scooters in Connecticut's largest city, Bridgeport, Bethel-based Lynx City Scoot...

Logo of Lynx City

Lynx City

Lynx City successfully raised $69,315 from 201 investors on May 1, 2021
Profile picture of Shayne Baxter
Profile picture of Matthew Raab
Profile picture of Angel Mejias
Profile picture of Larry Bonner Jr
Profile picture of Joshua Carroll
Shayne, Matthew, Angel, Larry, Joshua, and 196 others invested. 26 Reviews
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