Boaz Bikes
Boaz Bikes (Boaz Rides, Inc.) designs, sells, and rents the electric sit-down "Exodus" scooter, targeting urban commuters with a safety-forward, foldable micro-mobility vehicle across Detroit, Arizona cities, and university campuses via direct e-commerce, weekly rentals, and a franchise operator model.
- Company typePrivate
- Founded2018
- HeadquartersDallas, United States
- Headcount1–10
- GTM typeB2C
- OfferingHardware or Manufacturing
What Boaz Bikes does
Boaz Bikes (legal entity Boaz Rides, Inc.) is a privately held U.S. micro-mobility company founded in 2018 and headquartered in Dallas, Texas, with operating presence in Detroit and additional cities in Arizona (Tempe, Scottsdale, Chandler), Texas (Plano), and at Tarleton State University. The company designs, sells, and operates an electric sit-down scooter — the Boaz Bike "Exodus" — featuring a low center-of-gravity seat, side mirrors, turn signals, an enclosed front basket, a foldable neck, 12-inch tires, an industrial kickstand, a 500W motor with 30 mph top speed, and a 36V/10Ah lithium battery delivering a 9–11 mile range and 400 lb load capacity. The hardware is sold direct-to-consumer via a Shopify storefront at $930 (down from a $1,295 MSRP), with optional accessories including a helmet, license plate, bike lock, enclosed basket, and spare battery.
Boaz generates revenue through three primary streams: (1) one-time hardware sales of the Exodus unit and merchandise; (2) recurring weekly scooter rentals at $30/week for unlimited rides in Detroit, supplemented by pay-per-ride and per-minute options; and (3) franchise/licensed-operator fees from local entrepreneurs launching Boaz fleets in new cities. The company self-identifies as the first Black-owned, woman-owned micro-mobility company and positions its sit-down, safety-forward vehicle as a first-and-last-mile transportation alternative to incumbent standing scooters. Distribution combines direct e-commerce, an iOS/Android app for on-demand rentals, and a franchise network, while customer acquisition is supplemented by equity crowdfunding on StartEngine with a $50 million pre-money valuation.
Across 2022–2023 the company completed four disclosed funding tranches totaling roughly $455,000, including a $100,000 investment from High Street Equity Partners in August 2023 and multiple StartEngine crowdfunding rounds. Leadership comprises CEO Emil Nnani (serial entrepreneur), CFO Cory Smith (Wharton MBA; prior experience scaling a $9B-revenue healthcare company's finance function and a profitable seed-stage startup), COO Christiana Winfrey (former early-Uber operator who launched SF/LA/SD markets and co-founded a $2M-revenue Uber competitor), and VP of Operations Rofeal Daniels (former Spin Scooters Midwest head who supported 60+ market launches). The platform is supported by a mobile app with GPS-based unlocking, social media channels, and an investor-waitlist funnel, but no AI/ML capability, patents, or enterprise customers are disclosed.
Boaz Bikes firmographics
Firmographics- Name
- Boaz Bikes
- Legal name
- Boaz Rides, Inc.
- Website
- https://boazbikes.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Boaz Bikes (Boaz Rides, Inc.) designs, sells, and rents the electric sit-down "Exodus" scooter, targeting urban commuters with a safety-forward, foldable micro-mobility vehicle across Detroit, Arizona cities, and university campuses via direct e-commerce, weekly rentals, and a franchise operator model.
- Ownership category
- akta.pro rank
Boaz Bikes industry classification
Industry- Product category
- Electric Scooters (Micro-mobility)
- NAICS
- Motorcycle, Boat, and Other Motor Vehicle Dealers (44122), Motorcycle, Bicycle, and Parts Manufacturing (336991)
- SIC
- Motorcycles, Bicycles & Parts (3751)
- akta.pro primary industry
- E-Mopeds & Light Electric Motorbikes (Consumer) (CRACASAG)
- akta.pro secondary industry
- Electric Motorcycles & Electric Scooters Manufacturing (IMACAEAB)
Keywords
Where Boaz Bikes is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Boaz Bikes business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Electric Bike Sales (Direct-to-Consumer): Boaz sells its Exodus model e-scooter directly to consumers through its e-commerce storefront at $930 per unit. Optional add-ons include helmet ($50), license plate ($25), bike lock ($25), enclosed basket ($100), and extra battery ($200). This is a one-time hardware sales model.
- On-Demand Scooter Rentals: Weekly subscription rental model at $30/week for unlimited rides within the Boaz fleet in Detroit. Users join a waitlist, are selected for the pilot program (2 weeks free access), then transition to the weekly subscription. Pay-per-ride and per-minute pricing options are also referenced in the rental agreement.
- Equity Crowdfunding Capital Raise: The company is raising equity crowdfunding through StartEngine at a $50 million pre-money valuation, offering common stock at $5 per share with a target raise of $10,000 to $3.78 million. This is a capital raise rather than an operational revenue stream.
- Franchise Fees: Boaz Bikes offers a franchise model allowing local entrepreneurs to launch Boaz fleets in their cities, generating franchise/licensing fees as a revenue stream.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Exodus Model (Direct Purchase) |
| Subscription | Weekly | On-Demand Weekly Rental Subscription |
| Usage-based | Pay-as-you-go | Maximum Daily Rental Charge |
| Other | Multi-year contract | Crowdfunding Equity Offering |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Boaz Bikes product offering
Product offeringCore offering
Boaz Bikes designs, manufactures, and sells a proprietary sit-down electric scooter (the Boaz Bike Exodus) featuring a low center-of-gravity seat, side mirrors, turn signals, an enclosed basket, 12-inch tires, and a foldable neck, sold direct-to-consumer through its e-commerce storefront at a sale price of $930. The company also operates on-demand weekly scooter rentals in Detroit at $30/week via its iOS and Android mobile apps, and licenses a franchise model that allows third-party operators to launch Boaz micro-mobility fleets in their local cities.
Product overview
Boaz Bikes is a micro-mobility company offering a portfolio of electric sit-down scooters. The flagship product is the Boaz Bike Exodus, sold directly to consumers at $930. The company also operates an on-demand rental service in Detroit at $30/week with a pilot waitlist program, and offers franchise opportunities for expansion to new cities. Branded merchandise includes t-shirts. The company positions itself as the first black-owned, woman-owned micro-mobility company focused on first and last mile transportation solutions.
Differentiator
Problem solved
Functional benefit
Brands
- Exodus: Electric sit-down scooter model with specifications including 12-inch tires, 500W motor, 36V 10Ah lithium battery, 30mph max speed, 9-11 mile range, and 400lb load capacity. Sold at $930 (reduced from $1,295).
Products and services
- Boaz Bike Exodus
- Boaz On-Demand Rental Service
- Boaz Franchise Program
Companies that use Boaz Bikes
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Boaz Bikes technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature11 records
Boaz Bikes partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
Boaz Bikes competitors and assessment
Company assessmentDirect peers
- Lime: Lime is one of the largest shared e-scooter and e-bike operators globally. Directly comparable to Boaz on shared micro-mobility offering, target customer (urban commuters), and subscription/per-ride revenue model.
- Bird: Bird pioneered the shared stand-up scooter rental model and operates fleets across multiple US cities. Directly comparable to Boaz on shared micro-mobility offering and operator/franchise structure (Bird also launched a franchise model). Note: Bird has undergone bankruptcy and restructuring.
- Spin: Spin (now owned by Tier Mobility) operates shared e-scooter fleets with a focus on safety features and university/campus deployments. Directly comparable given Boaz's VP Ops background at Spin and Boaz's presence at Tarleton State University.
- Voi Technology: Voi operates shared e-scooter fleets across European cities. Directly comparable to Boaz on shared micro-mobility offering, target customer segment, and subscription/revenue model.
- Neuron Mobility: Neuron operates shared e-scooter fleets across Asia-Pacific, Australia, and the UK. Directly comparable to Boaz on shared micro-mobility, safety-focused vehicle design, and university/campus placements.
- Superpedestrian: Superpedestrian developed safety-focused shared e-scooter hardware and software (LINK platform). Directly comparable to Boaz on shared micro-mobility with emphasis on vehicle safety — a parallel differentiation approach to Boaz's sit-down + safety design.
Broad incumbents
- Segway-Ninebot: Segway-Ninebot is the largest global manufacturer of e-scooters (both consumer and shared). Comparable to Boaz on scooter product category and supply chain, with a much broader portfolio including consumer stand-up scooters, e-mopeds, and robotics.
- Razor: Razor is a long-standing consumer scooter and e-mobility brand. Comparable to Boaz on consumer scooter category and retail distribution, though Razor has not historically operated shared rental fleets.
Emerging players
- NIU Technologies: NIU is a leading electric moped and e-scooter manufacturer focused on lightweight urban mobility. Comparable to Boaz on sit-down e-moped product category and consumer urban commuter target customer, though primarily a hardware brand vs Boaz's hybrid hardware + service model.
- Apollo Scooters: Apollo is a direct-to-consumer e-scooter brand offering premium safety-focused scooters. Comparable to Boaz on consumer DTC e-scooter sales motion and safety-focused product positioning.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Boaz Bikes social profiles
Digital presenceBoaz Bikes compliance and trust
Trust signalCompliance1 record
Boaz Bikes financial estimates
Financial estimateRevenue estimate
Valuation estimate
Boaz Bikes leadership team
Management profileNumber of profiles
Profiles4 records
Boaz Bikes funding detail
Funding detailFunding overview
Funding rounds4 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Boaz Bikes M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Boaz Bikes
What does Boaz Bikes do?
Boaz Bikes designs, manufactures, and sells a proprietary sit-down electric scooter (the Boaz Bike Exodus) featuring a low center-of-gravity seat, side mirrors, turn signals, an enclosed basket, 12-inch tires, and a foldable neck, sold direct-to-consumer through its e-commerce storefront at a sale price of $930. The company also operates on-demand weekly scooter rentals in Detroit at $30/week via its iOS and Android mobile apps, and licenses a franchise model that allows third-party operators to launch Boaz micro-mobility fleets in their local cities.
Is Boaz Bikes a public or private company?
Boaz Bikes is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Boaz Bikes founded?
Boaz Bikes was founded in 2018. It employs 1 to 10 people.
Where is Boaz Bikes based?
Boaz Bikes is headquartered in Dallas, United States, in the North America region.
How does Boaz Bikes make money?
Four revenue lines are on record. Electric Bike Sales (Direct-to-Consumer) is the primary driver. The others are on-Demand Scooter Rentals, equity Crowdfunding Capital Raise and franchise Fees.
Who are Boaz Bikes's main competitors?
Direct peers on record are Lime, Bird, Spin, Voi Technology, Neuron Mobility and Superpedestrian. Broad incumbents are Segway-Ninebot and Razor. Emerging players are NIU Technologies and Apollo Scooters.
Does Boaz Bikes have an API?
No public API is recorded for Boaz Bikes.
What industry is Boaz Bikes in?
Boaz Bikes's product category is Electric Scooters (Micro-mobility). Its primary akta.pro industry code is CRACASAG, E-Mopeds & Light Electric Motorbikes (Consumer), with a secondary code of IMACAEAB, Electric Motorcycles & Electric Scooters Manufacturing. Its NAICS code is 44122 and its SIC code is 3751.