Crowdfunding campaign MotoShare! (English)

Since 16 December we are publically live on Symbid with our crowdfunding campaign, and the amount raised is already ~88.000 euro.

VISIT THE MOTOSHARE PAGE ON SYMBID WITH OUR VIDEO AND PITCH!

During the crowdfunding campaign, you can invest in a convertible loan (more info) with 8% interest and a 5 year installment. You can convert this loan to equity in MotoShare.

When converting to equity, you will get a discount on the valuation of MotoShare:

  • Within 0 - 3 months: 0% discount
  • Within 3 months - 1 year: 15% discount
  • Within 1 year – 5 years: 30% discount

The return for the investors in the convertible loan (before conversion) is hence approx. 23% yearly: 8% interest + ~15% yearly discount on the valuation of MotoShare. After conversion, your return is the yearly increase of the value of the company.

EXAMPLE:

12 months after the crowdfunding campaign, an informal investor invests €100,000 into MotoShare and gets 10% shares in return. Then the valuation of MotoShare is €1.000.000.

At this moment, investors in the convertible loan can convert their loan to equity. They will get a 15% discount, so the valuation against which they will convert the loan is €850.000. The loan after 12 months is €200.000 (face value) + 16.000 interest (8% yearly) . Thus if all crowdfunders convert the convertible loans to equity, they will have 25% share of MotoShare (€216.000 of €850.000).

Ample room to grow
We distinguish three scenarios within 5 years:

A: MotoShare is successful in a large part of Europe (our ambition!). Refer to the P&L forecast of Europe: EBITDA is €1.5 million by 2021.
B: MotoShare is successful in the Netherlands & Belgium. Refer to the P&L forecast of the Netherlands & Belgium: EBITDA is €0.5 million by 2021.
C: MotoShare is active in the Netherlands.

The assumed market penetration by 2021 of ‘shared motorcycles’ is still limited: 0.3% in Europe and 1.8% in the Netherlands & Belgium. Hence there remains ample room to grow, based on the current (13%) willingness to share motorcycles.

The industry average EV / EBITDA multiple for internet companies is 23.8x. Thus the estimated company valuation by 2021 is ~ €36 million (A) or ~ €12 million (B).

Good exit scenario’s in fast growing sharing market
The overall sharing economy in Europe is expected to grow 35% annually up until 2025, based on a recent (2016) study by PWC for the European Commission.

The exit scenario’s for investors are:

  • Sell your shares in a future financing round (e.g. Series A or B Financing).
  • Sale of MotoShare towards a car sharing platform like Drivy.
  • Sale of MotoShare towards an European motorcycle rental company, e.g. Sixt.
  • Sale of MotoShare towards a leading motorcycle brand like BMW.

Return on your investment
Assuming the investors in the crowdfunding campaign (aim €200 k) retain around 5% equity by 2021 after dilution from future financing rounds. Then the potential return on investment (between scenario A and B) ranges between 160%* - 40% yearly.