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NIGHTRIDE THERMAL

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NightRide Thermal, Inc.

Software & AI · Brooklyn, NY · Founded 2023

Self-installale, vehicle-mounted thermal cameras

Post-money valuation ⓘ
$25.3M
As of Oct 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$381,426
Crowd $296K · Private $85K · 2 rounds since 2023
Latest share price
$1.56
Rule 506(b) · Common Stock · Jul 2023 offering price · down round

Financials

FY2021–FY2025 · from SEC filings · hover any figure for its source
$672K
−$146K
2021
$1.3M
−$228K
2022
$1.8M
−$6K
2023
$2.3M
$2K
2024
$2.0M
−$140K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed
FY2022 reviewed
FY2023 reviewed
FY2024
FY2025
Income statement
Revenue
$672,059
$1,301,008
$1,761,251
$2,327,611
$1,965,598
Cost of goods sold
$338,347
$662,322
$853,706
$1,153,945
$928,859
Gross margin
50%
49%
52%
50%
53%
Net income
-$146,052
-$228,202
-$5,778
$1,925
-$140,486
Taxes paid
$0
$0
$896
$6,256
$5,698
Balance sheet
Cash
$72,894
$79,213
$154,545
$166,473
$167,598
Accounts receivable
$165,280
$46,892
$125,672
$0
$207,785
Total assets
$535,490
$442,908
$1,000,659
$1,283,244
$1,292,475
Short-term debt
$203,645
$28,328
$36,709
$58,494
$63,427
Long-term debt
$1,185,082
$1,486,334
$283,033
$0
$650,537
Total liabilities
$1,388,727
$1,514,662
$319,742
$58,494
$713,964
Other
Headcount
—
8
8
8
7

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
$25.0M
pre-money
Reg CF · Common · Jun 2023

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

Share price over rounds

$2.10$1.05$1.56
Jun 2023Jul 2023
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Jul 2023 (-25.7%)

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Mar 30, 2026
ClassOutstandingVotes / shareShare of totalLast price
Common Stock12,200,8711100.0%$1.56Jul 2023

Principal holders% as the filing states it, Mar 30, 2026

  • Mary Ellen Kramer5,802,611 Common Stock54.9%of company
  • Everyone else (not named in filings)45.1%

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $296.4K / $1.2MInvestors 155Post-money $25.3M

Team

17 people
Mary Ellen KramerFounder
Founder, CEO & Board Member

Mary Ellen Kramer is the President of NightRide Thermal and brings 35 years of senior management experience in high tech, finance, and telecommunication sectors. She has raised over $40 million in financing for ventures she has led. Mary Ellen’s focus at NightRide Thermal is fundraising, investor relations and developing the market and market partnerships for NightRide. Prior to NightRide, Mary Ellen co-founded Maritime Broadband, a company that created universal online connectivity in the commercial maritime sector via its proprietary AI-powered, stabilized, tracking satellite antenna, C-Bird. She previously founded and ran four telecommunications companies providing global retail and carrier level voice and data services, two of which were public companies. Mary Ellen is a graduate of New York University with a Bachelor of Science in Management and Computer Science. She has also earned a certificate in Women’s Entrepreneurship from Cornell University.

Shawn Groce
Founder, CTO & Board Member

Shawn Groce’s 14 years of engineering experience are both extraordinarily diverse and multi-disciplinary – from LED truck lighting to maritime stabilized, tracking antennae and telecom solutions, to automotive smart fuel pumps and fuses to now, NightRide. Shawn leads in-house and outsourced engineering efforts to engineer peace of mind for NightRide’s customers, balancing ease of use, and performance and appearance while maintaining the “cool factor” of NightRide cameras for its customers. Shawn takes NightRide’s cameras from idea through feasibility study, mechanical, electronic and industrial design, prototype development, testing, production and quality. Shawn completed his studies at City College of the City of New York with a major in Electrical Engineering.

Zev Kramer
Founder, Director of Engineering & Board Member

Zevi Kramer is a founder and Director of Engineering at NightRide Thermal. He brings 36 years of notable experience in the telecommunications and electronics engineering sectors. Zevi is the lead electronics engineer behind the development of NightRide's innovative products. Prior to NightRide, Zevi led the engineering, research and development efforts of the C-Bird antenna for Maritime Broadband. Early on in his career, Zevi designed communication and navigation systems for the Israeli Air Force including the development of a radar direction system and electronic navigation system for guided bomb units, deployment of high security airborne data and video communication links. He directed the project for design and implementation of the automatic gear for the Israeli tank – Merkava. He is a graduate of Tel Aviv University (Israel) where he earned a Bachelor of Science in Engineering.

Jeremy Flinn
Fractional Chief Marketing Officer

Jeremy Flinn is a marketing and advertising executive with over 15 years of experience in launching technology brands and products. With a background in brand and app development, along with e-commerce sales, his focus has been to develop strategic direct-to-consumer marketing initiatives that place companies at the forefront of customer inquiries. Jeremy received his Master of Science in Wildlife Management from Mississippi State University and Bachelors of Science in Wildlife and Fisheries Science from Penn State University. Jeremy is a Fractional Chief Marketing Officer for NightRide Thermal.

Zevi Kramer
Director of Engineering, Director
Adam Gallen
Advisory Board Member

Adam Gallen has more than 25 years of experience advising middle-market companies in all aspects of Mergers & Acquisitions, licensing agreements, debt financing, and capital restructurings. He focused on tech-enabled service and consumer products businesses; and successfully completed 60 transactions worth over $5.0 billion. After spending the majority of his career in New York City, Adam moved to Washington D.C. in 2018 to form a Consumer and Digital Media M&A practice at a leading Government-centric Investment Bank. In his current role, Adam spearheads digital branding for companies in the technology, industrial, aerospace, and defense industries. He resides in Ashburn, Virginia with his wife and 3 children; and is an active member of several philanthropic organizations. Adam graduated from Duke University with a BA in Economics and a Certificate in Markets and Management.

Adam Strominger
Director – Business Development

Adam Strominger is the Director of Business Development. He has over 20 years of experience with establishing strategic business development plans and go-to-market strategies for new growth opportunities/categories, setting strategic priorities and direction for execution in the areas of technology, publishing, and financial services. Adam’s focus at NightRide is revenue generation through establishing channel partners in the various markets that NightRide serves – sporting and outdoors, public safety, government, security, and more. In just over 2 years, Adam has grown the dealer network from 3 to over 120. Prior to NightRide, Adam worked at such companies as A. C. Nielsen, Turner TV, Scientific American Magazine, Informa, and Reed Elsevier. Adam received his Bachelor of Arts with a major in Communications from the State University of New York at New Paltz.

Christopher Diaz
Production Manager

Chris is the Production Manager responsible for all elements of assembly: building, repairing and maintenance of all NightRide products. His measures and processes of quality control are continually being updated and enhanced within NightRide’s commitment to continuous improvement. Continuous improvement requires Chris to collaborate closely with the design and production engineering team as well as operations management in order to anticipate the demands and needs of the market.

Francisco Prado
Manufacturing Support Engineer (Part-Time)

Francisco is responsible for building, configuring, and testing mechanical and electronic sub-assemblies and assemblies for NightRide products. He assures the availability and quality of components, subject to final system testing and shipment. Francisco holds a Bachelor of Science degree from City College of New York with a major in Computer and Information Sciences and Support Services. Francisco works part-time and works 24 hours per week for NightRide Thermal.

Show 8 more people
Herb Lustig
Advisory Board Member

Herb Lustig has more than 35 years of experience working in arenas of telecommunications and electronic security where he has led the development and commercialization of new products and services. He has been a director and technical advisor for several public and private companies. Herb earned an M.B.A. from the University of Pennsylvania and a B.S. from the University of Massachusetts at Amherst. He is a co-inventor on patents in the areas of electronic security, broadband telecommunications, and targeted advertising.

Jacky Yuan
Production Engineer

Jacky is the Production Engineer responsible for the technological launch of all products at NightRide Thermal. It is his job to ensure that NightRide’s products are manufactured efficiently to the highest quality standards. Once a project is initiated for a new product, Jacky works closely with the development engineering team from a system integration viewpoint, testing and documenting the performance of all subsystems and assemblies. He is responsible for the continuous improvement of production processes as well as researching industry trends and new technologies emerging in the marketplace. Jacky holds a Bachelor of Technology degree from New York City College of Technology, with a major in Computer Engineering, and an Associate of Applied Science degree in Electromechanical Engineering.

James Rhodes
Advisory Board Member

Jim Rhodes has a rich background of over 30 years of experience in design engineering and manufacturability. His company, The Newton Engineering and Design Group, brings together 25 multi-disciplined engineers who have created a unique Product Design Process, delivering the highest quality engineering and production to Fortune 500 customers. Jim holds a Bachelor of Science in Electrical Engineering from Arizona State University.

Jess Hurwitz
Advisory Board Member

A serial entrepreneur, strategic executive, and veteran of the PC, backup, and data storage industries, Jess is best known as an entrepreneurial executive generalist, innovative technologist, solutionist, and strategist. His ability, comfort, and experience straddling the line between business and technology is a unique talent propelling Jess through a thriving, diverse, robust, and hybrid global career. Jess has a successful record of helping growing companies of all sizes grow, scale, and expand by optimizing strategy, data, and technology and by aligning people, products, and processes for maximum results. Recent work has included leading-edge initiatives: blockchain (crypto/digital assets, industry/enterprise), NFTs, B2B SaaS, API-First, Web3, RevOps, security, compliance, and mobile identity. Jess studied Electrical Engineering at Manhattan College.

Nephi Cole
Special Industry Advisor (Non-Compensated)

Nephi Cole is a Director of Government Relations for the National Shooting Sports Association and an industry representative to the National Association of Fish and Wildlife Agencies. He is co-host of the natural resource-focused podcast “Your Mountain”. Nephi is an avid hunter, competitive shooter, and outdoorsman. Formerly, Nephi was a Senior Policy Advisor for Wyoming Governor Matthew H. Mead on Outdoor Recreation, Natural Resources, Water, Firearms, and Law Enforcement. Prior to working in politics, he served as a program lead at the USDA Natural Resources Conservation Service. Specifically, Nephi worked as a conservation biologist and was also responsible for the development of methods to employ new digital technologies within remote sensing and GIS for soil survey work. He holds bachelor's and graduate degrees with an emphasis on natural resources and technology.

Rebecca Coughlan
Operations Manager

Rebecca is responsible for dealer support, inventory management, order processing, and bookkeeping for NightRide. She directs the flow of orders from quote through delivery, ensuring that products are delivered on time and as specified; effectively acting as a liaison between sales and manufacturing. Rebecca established and maintains all the systems for tracking the various phases of manufacturing of NightRide products, including sub-assemblies, assemblies, and packaged products. Rebecca holds a Bachelor of Science from City College, NY.

Samantha Coughlan
Creative Director (Part-Time)

Samantha Coughlan is a creative director with over a decade of experience in ideating brand identities and inventing strong stylistic personalities for companies with punchy, fresh copy and a fun approach to marketing and PR. Her background in art history, film, and an anthropological approach to pop culture uniquely position her to develop out-of-the-box concepts that impact and stay with the consumer. Samantha works part-time and works 8-16 hours per week for NightRide Thermal.

Neil Roseman
Board Member

Neil Roseman is the founding partner of LeadProbe Inc, Block M Investments, LLC, and LodeStar Inspection Services, LLC. He has owned and operated businesses for over 25 years. Prior to that he was a Vice President of Operations for Boston Market and a District Manager for Bennigan’s. Neil serves on the Board of Directors of NightRide Thermal and is on the board and treasurer of the Football Alumni of Michigan. He is a Self Expression and Leadership Program Leader with Landmark Worldwide. Neil graduated with a Bachelor of Arts from the University of Michigan.

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

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 3 of 3 annual reports (FY2023–FY2025)

155 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-ARMar 30, 20260001881374-26-000002
    EDGAR
  • Form C-ARApr 9, 20250001665160-25-000543
    EDGAR
  • Form C-ARApr 22, 20240001665160-24-000419
    EDGAR
  • Form C-UOct 17, 20230001665160-23-001856
    EDGAR
  • Form C/AJul 28, 20230001665160-23-001575
    EDGAR
  • Form CJun 12, 20230001665160-23-001376
    EDGAR
  • Form D/ADec 6, 20210001881374-21-000005
    EDGAR
  • Form DDec 3, 20210001881374-21-000004
    EDGAR
Source: ManualCIK 0001881374DEShare price $1.56

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.