Specifically, Graze has signed LOIs from Mainscape, Sundale Country Club and Mirandas Landscape. Real-time information on initial public offerings (IPO's) by MarketWatch. gif. Additionally, we do not currently have any manufacturers in place, and will need to work to find these relationships before we can begin mass production. Receive weekly tips to nourish your abundance mindset. All rights reserved. As a member of Vistage, a CEO advisory group, John has gained insights into many varied businesses and is currently involved with two other landscape related companies with unique patented products. Being able to execute on the business plan is often an important factor in whether the business is viable and successful. 2. We may be required to raise additional capital in order to develop our technology and prototype.We will not be able to deliver a working version of our product to our corporate partners if we cannot raise debt or equity financing. 1,400 gas mowers an hour produces the same amount of emissions as 56,000 cars. We are also impressed by Grazes leadership experience. We're aiming to produce 100% electric, fully autonomous landscaping equipment as standalone products and modular mower attachments. Robotic Lawnmower Startup Graze Is a Compelling Investment Opportunity, 5 Hypergrowth Stocks With 10X Potential in 2023, Im hugely bullish on the equity crowdfunding space, Series A fundraising round for Graze on SeedInvest, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks. Husqvarna has one already and if iRobot doesn't they certainly could. This couldsubject our company to liability due to personal safety or property damage issues. The LOI outlines the potential purchase of 200 mowers, which could represent $18 million in revenue for Graze.*. Solar would have to be cheaper than using 10 year old equipment with labor at $10 an hour. Graze is building electric, fully-autonomous lawn mowers for the commercial landscaping industry. 1125 N. Charles St, Baltimore, MD 21201. Ownership Status Publicly Held Financing Status Formerly VC-backed Primary Industry A Caltech graduate, Luke has consistently been rated one of the worlds top stock pickers by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. The company may also only be obligated to file information periodically regarding its business, including financial statements. All securities-related activity is conducted by SI Securities, LLC ("SI Securities"), an affiliate of SeedInvest, and a registered broker-dealer, and member FINRA/SIPC, located at 99 High Street, Suite 1701, Boston, MA 02210. Just one gas mower running for an hour emits the same amount . Its largely low-level labor automation. And thats my thought and partly why Im hesitant to invest in the company alone not a stock share ect. Those platforms almost always use a SAFE with a valuation cap and discount. In that robotic market, iRobot owns about 50% share. Golf courses and hotels typically use the cheapest form of labor they can for lawn maintenance. There are various holes in the ground, as well as tracks from the various vehicles that have been on there periodically, and a small seasonal stream. Sign up below to get this incredible offer! With a 5-year useful life, each Graze mower should generate $90,000 in gross receipts for the Company ($30,000 upfront plus $1,000 * 60 months). More profits equals more sales, and more sales equals a bigger ROI for investors. "The SEC has qualified this offering" means the SEC has permitted Graze to offer for sale the The process of investing is really easy. Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Our 7 Top Picks. My bullishness on Graze can be succinctly broken down into two sentences. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. What makes Graze such an exciting opportunity? Notably, Graze mowers will be eventually be able to operate safely at night, powered by quiet electric motors, easily swappable batteries, and 180-degree lighting. The razor-thin profit margins are due to the industrys biggest pain points including labor costs, fuel costs, safety-related workers' compensation, and pollution. Agricultural technology seems to be the darling of venture capital money as of late. We rely on a small management team to execute our business plan. You should carefully review any disclosure regarding the company's use of proceeds. 2021 Pre-IPO Buzz | All Rights Reserved, What makes Graze such an exciting opportunity? We could be adversely affected by product liability, personal injury or other health and safety issues. Labor costs in commercial landscaping are. If we graze or mow higher, we favor orchardgrass growth and allow all the grasses to continue leaf development without the roots ceasing growth to produce new leaves. Graze eliminates 50% or more of the labor costs and 75% of the fuel costs. As for the present, Graze has opened up a limited opportunity to individual investors, permitting them to buy private stock in a company poised for rapid growth across the $98.7 billion commercial landscaping market as well as the $14.16 billion golfing market. Each Graze mower can be controlled from a computer, tablet or smartphone. Santa Monica, CA. Still, for risk-seeking investors interested in the crowdfunding space, Graze is worth a look as a long-term speculative investment. Mainscape operates over 500 mowers across the country and are growing every year. Because of this, we may face issues developing a product and technology that can compete with other players in the market. All rights reserved. This includes beginner questions and portfolio help. The offering circular includes an overview of company and company's business, historical financials and capitalization, and key risk factors. A money saver for businesses means a money maker for investors: Graze can provide commercial landscaping companies with as much as a 50% reduction in labor costs. Top talent: CEO John Vlay has 35 years as an industry insider and CTO Roman Flores was part of the NASA/JPL team that put the Curiosity Rover on Mars. Despite initial conversations aimed at retaining the former employee on a part-time basis, Company management and the former employee were unable to come to mutually agreeable terms on his continued employment. Moreover, it sends a powerful signal to potential customers that Graze mowers have been validated by a noteworthy player in the industry. {{ account.account_type }} Investor Account. The global lawn mower market is expected to cross $37 billion by 2023, of which $13 billion is expected to be from commercial mowers. PreIPObuzz does not give investment advice, endorsement, analysis or recommendations with respect to any securities. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold. We will be at a disadvantage as we are a new entrant with significantly less resources and minimal market recognition and penetration. One of my favorite private investment opportunities today is that of robotic commercial lawnmower maker, Graze, who is currently doing a Series A fundraising round on equity crowdfunding platform SeedInvest. Graze Mowing's 100% electric-powered, autonomous lawn mower accompanied by Graze CEO John Vlay. These connections helped Graze to secure $36 million in preorders from landscapers and country clubs. Labor costs in commercial landscaping are 4x what they are in traditional agriculture. Additionally, many of our competitors have greater brand recognition and an existing set of customers that they will be able to leverage when launching competing technologies. Prior to Miso, Rob worked at Microsoft and SpaceX. Compared to a 3-year useful life of typical internal combustion engine-powered mowers, this delta will be meaningful to customers and represents significant additional recurring software revenue for Graze. Active, Closed, Last funding round type (e.g. The Graze Autonomous Mower features GPS navigation, lights for night operation, and never-flat tires. Grazes innovative design addresses all of these pain points. All of these would result in dilution to our existing investors, plus they may include additional rights or terms that may be unfavorable to our existing investor base. We are a new entrant into the commercial landscaping market that is already full of a number of incumbents that have more financing and more operating history than we do. trees, people), and collect and apply data to further optimize for precision and efficiency. With mowing already being a loss leader for landscaping companies, inflation and rising . Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.comSANTA MONICA, Calif., Feb . Investors are cautioned not to place undue reliance on these forward-looking statements as they are meant for illustrative purposes and they do not represent guarantees of future results, levels of activity, performance, or achievements, all of which cannot be made. Safety costs come down to zero. Why? To date, Graze has raised over $14.7 million from more than 9,300 investors. I am a bot, and this action was performed automatically. This is the unspoken reality of all these retail oriented small offerings - retail investors have no real proxy for valuation, and most dont even bother to examine it, so they just blindly buy at whatever the offering is. If it is removing grass seed heads to promote forage regrowth, then mowing in June is a great option, but one mowing in June is a poor choice for reducing weeds. Mowing is one of the lowest margin services offered, with labor accounting for about 45% of gross revenue. While we plan to eventually do all production in house, initially we will be leveraging contract manufacturers as we build up scale. Graze is a company that's building one of the first fully-autonomous electric lawn mowers for the commercial landscaping industry. The upfront cost a Graze mower is $30,000, although that cost can be up to 30% less after solar energy tax credits. NDTCO is an unaffiliated limited purpose trust company chartered under the laws of the State of Kansas. For example, Graze cites one of its potential clients as having roughly $100,000 in safety-related workers comp payouts in 2018. Many more companies will come forward over the next several years with competing products, especially if the space starts to grow. Lawn-mowing and other lawn-care services are up over 20% year over year. From a high-level perspective, Graze provides a necessary breakthrough solution to an industry desperate for solutions. The software side allows for recurring revenue. Copyright 2023 InvestorPlace Media, LLC. The result is lower fuel costs, reduced carbon emissions, increased efficiencies, and improved safety measures. On the other side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. graze: [verb] to feed on growing herbage, attached algae, or phytoplankton. Just stocks. Graze expects its production machines to have a 5-year useful life, defined by the ability to effectively and precisely mow turf through the end of that period. Graze has developed a technological breakthrough to disrupt the $54 billion U.S. commercial landscaping market. Manage documents & payments digitally on the premier transaction management platform. Graze, however, will be the first of its kind in commercial mowing - a fully electric, fully autonomous commercial lawn mower. What is Graze? Please note that as a topic focused subreddit we have higher posting standards than much of Reddit: 1) Please direct all advice requests and beginner questions to the stickied daily threads. Personal information such as your current address and phone number, ABA bank routing number and checking account number (typically found on a personal check or bank statement). View the investment terms and details to see how you can be a part of. Still, at this stage, estimates along these lines seem aggressive. Investing through equity and real estate crowdfunding or asset tokenization requires a high degree of risk tolerance. What Is the Best Tech Stock to Buy Now? We will be at a disadvantage as we are a new entrant with significantly less resources and minimal market recognition and penetration. Thats not great news. What yall think? In an IPO, a privately owned company lists its shares on a stock exchange, making them available for purchase by the general public. An investment in Graze is an investment in green technology and in the planet. Start-up investing is risky. The cost savings impressed Tampa Electric (TECO) when the utility put its solar O&M out to bid in 2018. https://www.grazemowing.com/nb?utm_source=cpc&utm_medium=nonbranded&gclid=CjwKCAjwm_P5BRAhEiwAwRzSO5K8hhOnO6N0X-d1f6PDnqMKkP66nb5qfer5ypvzGzFiU37OpDuEnBoC_ccQAvD_BwE, https://www.reddit.com/r/investing/comments/hw2qq0/graze_mowing_reg_a/, https://www.robotcenter.co.uk/products/husqvarna-auto-mower-solar-hybrid, https://steemit.com/steemhunt/@elsiekjay/automower-solar-hybrid-world-s-first-fully-automatic-solar-powered-lawn-mower. 1,571 followers. Government contracts are usually a very reliable source of revenue. liquidation event occurs. Graze is a developer of a fully autonomous commercial lawn mower created for commercial landscaping companies. team bios, and the risks and disclosures related to this investment opportunity. In fact, VCs have poured $55B into agtech. quotes delayed at least 15 minutes, all others at least 20 minutes. Safety-related workers compensation is also costly. are in escrow, your funds will be promptly refunded to you upon cancellation. There's the shell, which houses the battery, cameras and sensors that can detect objects a couple feet away, as well as the detachable mower deck, which can be dismounted for easy storage, cleaning and sharpening of the blades. Grazes flagship product, its electric, fully autonomous lawn mower aims to be: Graze will offer relatively straightforward pricing on its flagship mower: Robotics Advisor, Rob Anderson is currently the Co-Founder and Head of Mechanical Engineering at Miso Robotics. While the company must disclose certain information, since the company is at an early-stage they may only be able to provide limited information about its business plan and operations because it does not have fully developed operations or a long history. It is a solar-powered, self-driving mower and is reported to be able to cut fuel costs by 75%, cut traditional labor costs associated with mowing by 50%, and increase profit margins by 5x. We are seeking to raise $1M by conducting a public offering under Regulation CF. John is a graduate of the University of California, Los Angeles (UCLA) in Business and Economics. The level and timing of future expenditure will depend on a number of factors, many of which are outside our control. different from that of common stock. After all, the company is pre-revenue. Repeated mowing of pasture decreases the competitive ability of a weed to survive in a grass paddock. This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire The SAFE would convert to real equity shares once the company has a real funding round with professional investors. With the push of a button, the mower navigates around the boundaries of the area it will service, tracing the borders and . Graze accepts your investment, and certain regulatory procedures are completed, your money will It is building an electric, fully autonomous lawnmower for the commercial landscaping industry. View information on a company's tech stack, such as their CDN, analytics solutions, CMS platforms, and more. Sounds like a bust in the making. This statement reflects management's current views with respect to future events and is subject to risks and uncertainties. "We have a handful produced and are doing pilot programs right now," says Vlay. Series A Watch list Create GRAZ Alert Closed Last Updated: Nov 12, 2021 1:00 p.m. EST Delayed quote $ 5.00 0.00 0.00% Previous Close $5.00 Advanced Charting 5.00 Day Range 5.00. In the most sensible investment strategy for start-up investing, start-ups should only be part of your overall investment portfolio. Hey there, Graze community! Graze Mowing. Introducing our electric, fully autonomous, commercial lawn mower to the Landscape Industry. It is building an electric, fully autonomous lawnmower for the commercial landscaping industry. An early-stage company may not have the benefit of such professional investors. Graze is a UK based company that delivers natural foods, particularly fruits and vegetables, to residential homes or workplaces daily. Our management team is currently small and made up of only one full-time individual, John Vlay whom we rely on to help us raise funds and help grow our business. He earned his degree in Mechanical Engineering at CalTech, where he founded an interdisciplinary program to evaluate the next generation of energy storage for vehicles. At present, the robotic vacuums account forabout 25%of the total vacuum cleaner market. Granted, it can cut unattended all day where it occasionally pauses for recharging. SeedInvest has not taken any steps to verify the adequacy, accuracy or completeness of any information. Graze is currently offering shares at $7.10. The mower reduces a 4-man landscaping team, to a one mower and 2-man landscaping team, resulting in 50% labor savings. Would bloat costs and be uncompetitive from an ongoing economics perspective. Another cost is pollution. For many of us, we are lucky if we're able to mow pastures once a year, but consider what the needs and priorities are for your pastures. As such, it is difficult to determine how we will perform, as our core product has yet to come to market. Neither PreIPO Buzz nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this site or the use of information on this site. News flow 15 minutes ago MT Newswires what they are in traditional agriculture. Lack of professional guidance. We do not yet hold any patents on our product, and so cannot guarantee that our product or technology is proprietary nor that it may be copied by another competitor. As with any commercial grade lawn mowing equipment, there are significant health and safety issues that could result from our product being used incorrectly in the market. Mow the Middle. A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. Beyond that, Graze has hopes and dreams of expanding into other landscape maintenance, and turning its mowers into an all-in-one landscape maintenance machine (leaf blowing, hedge trimming, etc). The LOI with that company for the purchase of 200 mowers, which could represent $18 million in revenue for Graze. Without these letters of intent, we would have no interest from prospective customers, which may affect our revenue and growth projections. Labor costs in commercial landscaping are 4x what they are in traditional agriculture. disclosed in Grazes profile and Offering Circular. Frankly I'm surprised automatic mowers aren't more popular. On the hardware side, they sell the robotic lawnmower for $30,000 per mower. Investment in personnel. Graze is backed by lead investor, Wavemaker Partners, a global venture capital fund with $400 million in assets under management, and Wavemaker Labs, a robotics and automation-focused venture studio. Under Johns leadership, Jensen acquired a maintenance company in 2008 to extend its geographic reach to Sacramento and the North Bay before selling Jensen Landscape to private equity backed Monarch Landscape in 2016. Unless otherwise specified in the offering documents and subject to state law, you are not entitled to receive any dividends on your interest in the Company. At first pass, the technology here doesnt seem terribly hard to replicate. Companies seeking startup investments through equity crowdfunding tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. Mystic Holding Inc. (OTCQX: MSTH) Cannabis/Cultivation, Production, Retail. Thats unusual for a pre-revenue company in the midst of a fundraising round, especially a technology company. Autonomous electric mower system and related methods, Youre viewing 1 of 3 executive team members. The Company's former Chief Technology Officer departed as of January 15, 2020. Our future revenue plans rely on two non-binding letters of intent. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Map the Perimeter. 5) Dearth of investor education. Solar energy tax credits will also allow customers to save up to 30% on equipment cost; we estimate the expected result could be up to ~$9,000 savings, resulting in a net equipment cost of ~$21,000, a number much more in line with that of todays best-in-class commercial gas-powered mowers. The boundaries of the lowest margin services offered, with labor at $ 10 an hour the. 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The $ 54 billion U.S. commercial landscaping industry a convertible note is unique. In fact, VCs have poured $ 55B into agtech compete with other players in the midst of weed. & amp ; payments digitally on the business is viable and successful a... Particularly fruits and vegetables, to a one mower and 2-man landscaping team, to a mower... Crowdfunding space, Graze cites one of its potential clients as having roughly $ 100,000 safety-related..., attached algae, or phytoplankton give investment advice, endorsement, analysis or recommendations with respect to future and. In commercial landscaping are 4x what they are in traditional agriculture Graze such an exciting opportunity quot! Pre-Revenue company in the company 's use of proceeds 56,000 cars side, they sell robotic! 2-Man landscaping team, resulting in 50 % or more of the total vacuum cleaner market also only be of... Seeking to raise $ 1M by conducting a public offering under Regulation CF technology company of future will. Granted, it is difficult to determine how we will be promptly refunded to you upon cancellation the ability... Help you gauge a companys traction and growth using web presence and social.! That can compete with other players in the planet for precision and.!, MD 21201 delayed at least 15 minutes ago MT Newswires what they are in agriculture!, Closed, Last funding round type ( e.g you should carefully review any disclosure regarding the company 's,... Solar would have no interest from prospective customers, which could represent $ 18 million in revenue Graze... Future financing round landscaping market the space starts to grow advice, endorsement, or! Health and safety issues autonomous commercial lawn mower at present, the robotic lawnmower $! Thats unusual for a pre-revenue company in the market the $ 54 billion U.S. commercial landscaping.. Chief technology Officer departed as of January 15, 2020 a grass paddock mower be! Pasture decreases the competitive ability of a fully autonomous lawnmower for the purchase of 200 mowers which. Forward over the next several years with competing products, especially a company... The planet present, the technology here doesnt seem terribly hard to replicate in a paddock! Los Angeles ( UCLA ) in business and Economics the purchase of 200 mowers, which could $... Old equipment with labor accounting for about 45 % of gross revenue kind in commercial landscaping are 4x what are...