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FLX Bike logo

FLX Bike

Operating

FLX Performance Inc

Industrial & Manufacturing · San Diego, DE · Founded 2016

A San Diego based brand of quality electric bicycles

Post-money valuation ⓘ
$55.5M
As of Apr 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$420,845
Across 1 round since 2021
Latest share price
$8.46
Reg CF · Common Stock · Nov 2021 offering price

Financials

FY2019–FY2022 · from SEC filings · hover any figure for its source
$1.6M
−$329K
2019
$7.9M
$140K
2020
$10.4M
$444K
2021
$4.1M
−$368K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 audited
FY2020 audited
FY2021
FY2022
Income statement
Revenue
$1,561,959
$7,885,553
$10,449,292
$4,119,943
Cost of goods sold
$1,134,730
$4,600,753
$8,708,323
$3,116,978
Gross margin
27%
42%
17%
24%
Net income
-$328,867
$139,929
$444,215
-$367,548
Taxes paid
$0
$0
$435,737
$125,472
Balance sheet
Cash
$258,762
$6,996,676
$265,297
$84,129
Accounts receivable
$26,477
$440,723
$119,563
$380,056
Total assets
$825,131
$9,793,822
$1,656,835
$1,402,314
Short-term debt
$1,160,504
$13,130
$619,249
$457,468
Long-term debt
$0
$0
$500,000
$500,000
Total liabilities
$1,160,504
$13,130
$1,119,249
$957,468
Other
Headcount
—
8
8
8

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$55.0M
pre-money
Reg CF · Common · Nov 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Fundraising history

Raised $420.8K / $5MInvestors 294Post-money $55.5M

Team

3 people
Rob RastFounder
President

At the age of 19, FLX Bike and Miles Board Founder Rob Rast dropped out of college and purchased a one-way ticket to China where he started his first 3 businesses and lived for 9 years. As an avid biker, pilot, and surfer - Rob has always been addicted to performance and a good adrenaline rush. In 2016 Rob combined his passions in biking, green tech, and fitness to start FLX Bike where he (literally) moved into a factory in China to oversee every detail of development, testing and production. Today, Rob leads a team of passionate professionals, cyclists, and engineers with a mission to get more people out of cars and onto bikes. Rob currently splits his time as President of FLX and President of Miles Board an electric skateboard company. He spends approximately 50 hours per week on FLX Bike and approximately 20 hours per week on Miles Board LLC. Please see the Form C for more details.

Robert Rast
CEO, Principal Executive Officer and Director, Principal Financial Officer and Principal Accounting Officer
Duane Dahl
Advisor

Dahl is an accomplished C-Suite executive and serial entrepreneur - a passionate, driven senior executive, performance coach and mentor with demonstrated success in Strategic Planning, Operational Management, Team Building, Legal, Marketing/Brand Strategy, Supply Chain, Strategic Development and M&A. As an Entrepreneur, Dahl founded, ramped and exited multiple companies including a $150M exit to Barry Diller’s IAC. Dahl and his highly accountable team(s) have seen success in categories that include Travel, Health & Fitness, Entertainment, Local & Organic Food, Medical, the Environment and yes, E-Bikes!

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 2 of 5 annual reports (FY2021–FY2025)

294 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-TRAug 2, 20240001891893-24-000001
    EDGAR
  • Form C-ARMay 19, 20230001665160-23-001280
    EDGAR
  • Form C-UApr 29, 20220001665160-22-001229
    EDGAR
  • Form C-ARApr 13, 20220001665160-22-000644
    EDGAR
  • Form C/AFeb 25, 20220001665160-22-000336
    EDGAR
  • Form C/ADec 9, 20210001665160-21-002161
    EDGAR
  • Form CNov 30, 20210001665160-21-002125
    EDGAR
Source: ManualCIK 0001891893DEShare price $8.46

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.