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3 Bears International Motorsports

3 Bears International Motorsports

A Nationally Top Ranked Off-Road Racing Team

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Deal Type

Convertible Note

Funding Goal

$3,000,000

Current Reservations

$3,065,000

Minimum Reservation

$5,000

Deal Stage

Bridge to Series A

Interest (% per year)

6.00%

Term Length (Months)

24 months

Valuation Cap

$6,000,000

Conversion Discount (%)

8%

Warrant Coverage (%)

N/A

Open Date

11/27/2017

Maximum Reservation

$3,000,000

Closing Date

06/01/2018

Elevator Pitch

The unprecedented opportunity to hold ownership in a premier off-road racing team. A role typically reserved for corporate titans, equity ownership is being offered for the 1st time ever in racing.

KPIs

8 Employees

Company Overview

3 Bears International Motorsports is an off-road race team made up of dedicated people passionate about off-road racing.

The 3 Bears team is led by its President and professional racer Charles Dorrance, who began racing in 2009 as a navigator with legendary driver and Baja 1000 winner Jay Reichert.

In 2012, Charles founded and became President and driver of R&D Motorsports with Jay Reichert where he successfully competed in numerous races, including the Baja 1000, Baja 500, Reno 500, Mint 400, Stadium Super Trucks events and was invited to participate in the Austin X Games 2014 and 2015.

Charles has been racing on dirt since he was five years old - "My family has always raced cars, I just went out to the desert and fell in love."

Charles and his team are taking his passion for racing to the next level, building a company to leverage the future of the sport including its mass consumer appeal, the rapid globalization of the sport, and its advancing technology in 'electric' that will change the playing field of off road racing.

3 Bears International Motorsports is offering the unprecedented opportunity to be a team owner. A role typically reserved for corporate titans is now being offered to those who are passionate about off road racing, see its extraordinary future, and want to be a part of the most exciting new sport in decades.

Traction

  • Currently ranked 6th in the nation, SCORE International

    November, 2017
  • Upgraded fleet to include new top of the line $240K premier race vehicle

    November, 2017
  • Company founders have personally invested $1,562,500 to date

    October, 2017
  • Formed partnership with industry leader and cutting edge advertising/marketing/film and television production firm Mad Media

    October, 2017
  • Social Media followers organically grown to almost 20,000 in 3 months

    October, 2017
  • 6 current corporate sponsors and growing

    September, 2017
  • Invited to participate in 2015 ESPN Summer X games Austin, Texas

    June, 2015
  • Invited to participate in 2014 ESPN Summer X Games Austin, Texas

    June, 2014

Pitch Deck

Key Customers & Partners

BF Goodrich Tires ULTRA Motorsports IMPACT MasterCraft JAMAR Performance TWISTED X SPORTSMAN'S FINEST

Documents

Confidential

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