There are a billion bicycles on a planet consisted of 71% water. The history of cycling has shown us the way. It is time to build a legacy, to create a new worldwide sport and draw the evolution of Hydrocycling.
Manta5 are well on track to achieve their mission of creating a new global brand and sports category, with $7M of sales in the first year of production of XE-1. Proving the market demand for this new sports category – Hydrocycling.
August 2022 will see the release of second-generation products (XE-2) offering easier submerge launch, commencement of a new lower cost product range and a solid platform for profitable hyper growth delivering a multi-product business capable of delivering in excess of $300M of revenue. Manta5 is now reaching out for a Series-B investor, to join the 8 foundation investors in funding the business ready for global market expansion. This round investment will close November 15 2021 or earlier if oversubscribed.
Manta5 seeks to raise $3 million by issue of convertible notes. Use of raised capital includes product development, sales & marketing and working capital.
For more information please refer to the IM in the documents tab.
The Future of Cycling | Manta5 Hydrofoil Bikes
2021 Hydrofoiler XE-1 | Manta5 Hydrofoil Bikes