Wholesale
Bright Spark Innovations GP Limited

Manta5

Early Stage Capital

Register Interest

WARNING

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If you are a wholesale investor under the definition of that term in clause 3 of Part 1 Schedule 1 of the Financial Markets Conduct Act 2013, the usual rules do not apply to offers of financial products made to you. As a result, you may not receive a complete and balanced set of information.

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Transaction Size
NZD 3,000,000.00
Share Price
Minimum Investment
NZD 250,000.00
Issue Type
Early Stage Capital
Sector
Technology

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.  

The Offer

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.

Media

The Future of Cycling | Manta5 Hydrofoil Bikes

2021 Hydrofoiler XE-1 | Manta5 Hydrofoil Bikes

Manta5 investment Short (1)
October 7, 2021
7/10/2021

Bright Spark Innovations GP Limited

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