M&A
confidence high
sentiment positive
materiality 0.30
Beyond Commerce invests $250K in electric last-mile delivery company CityFreighter
Beyond Commerce, Inc.
- Investment via SAFE with a $7.5M post-money valuation cap and automatic conversion upon equity financing.
- CityFreighter develops a class 3 full-electric BoxVan; targets commercial production late-2022 / early-2023.
- CEO cites potential upside and strategic partnership for Service 800 data collection and telematics.
- The $250K investment is for a minority stake; BYOC stock trades on OTC Pink.
- CityFreighter's CF1 Beta features a 77 kWh NMC battery, 150kW E-Axle, and steer-by-wire.