Blue Shock Race was formed at the end of 2014. It developed a new electric go-kart technology for sports and rental. Until 2018 around 250K euro of private funds have been invested in the enterprise along with reinvested of earnings to give the enterprise a possibility to develop new electric go-karts.
At the end of 2018 the enterprise launched a crowdfunding campaign in Estonia, where it attracted 112K euro in total on the platform and 100K euro on a private basis, using this money to prepare and certify the new product for sale around the world.
In 2019 and 2020 due to the rapid growth of the company more and more private investors invest into it and become minority shareholders. However, these minority shareholders are a significant part of the team, because they add huge personal experience and competences increasing thus the value of their investments.