This is the second time Tiller Rides has passed the $1 million mark through crowdfunding platform Birchal. The Perth-based startup has closed its raise at $1.24 million as it now looks to begin full-scale production throughout 2021 and beyond.
Enlisting Glide Agency to handle their digital strategy for the second time, Tiller flew past their $500,000 minimum target before closing their campaign with $1,241,212 in committed funds.
Investing their initial capital into R&D and infrastructure, the startup plans to use this raise to begin fulfilling pre-orders and running production lines to bring Australia’s coolest and most innovative e-bike to market.
“We welcome aboard 318 amazing investors who have helped us raise $1.24 Million in our equity crowdfunding campaign”, said Tiller Rides founder Julian Ilich.
“Everyone here at Tiller Rides is thrilled with the result. We are now able to continue full steam ahead with The Roadster production.
“A big thank you to our raise team at Glide Agency, Birchal, DL Comms and our wonderful crew at Tiller Rides.”