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Nanavati Low • CEO and Co-Founder
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Deloss Pickett • President, Director & Founder
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Steve Factor • Electrical & Systems Engineering
Steve is currently part-time & contributes a weekly estimated average of 10-15 hours per week. Please note that weekly contributions may increase from time to time depending on workload and the company's operations.
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*(source)
The PITCH
Our flagship utility electric vehicle (UEV) called AUTOMATO is able to serve non-traditional locations such as on sidewalks, inside buildings, and a plethora of venues within the U.S. Our technology is patent-protected, and our stellar engineering team is made up of alums from Tesla, SpaceX, Red Bull, Solarcity and Amazon.
The Story & Where We Are Today
Our first mobile store started when our founder dreamed up a modern-day ice cream truck and built an electric and solar-powered mobile business serving on-demand Fro-Yo. It was from this point forward that the possibilities of mobilizing all kinds of businesses came to life.
Our modern-day ice cream truck features our own handmade recipe using locally sourced organic fruit and cold-pressed juice to create a delicious non-dairy treat. With growing demand at museums and food hospitality, FRO currently serves Los Angeles Natural History Museum and La Brea Tar Pits visitors.
Since April 2023, FRO has had an 80% margin on the cost of products served and generated over $10,000 or more in revenue on a monthly basis.
We quickly saw the value in simplifying the financing, construction, and digital experiences of clean-tech mobile platforms into an all-in-one package. One mobile UEV costs a fraction of what it takes to run a storefront with utility operating costs of about $10/day with one on-site operator, and is powered by its own clean energy source – lasting up to 12 hours on one charge.
In addition, our UEVs have the ability to collect and store data through smart shelves and website analytics, adding a data operations component to our business model where companies can gain sales and marketing insights through our technology.
The Market & our traction
The U.S. pop-up store market is currently projected to be valued at $95 billion by 2025 (Source). One of the key drivers of this growth is the adoption of flexible leases that enable merchants to connect with new consumers in a cost-effective manner.
Additionally, the businesses are opting to close physical locations due to rising overhead, inflation, and employee costs. As a result, we believe mobile pop-up stores offer a unique opportunity for innovative businesses to reach consumers in new and exciting ways.
Our technology is patent-protected, and we have built an e-commerce platform with payment processing that communicates with our UEV fleet. We have established relationships with well-known brands including Red Bull, PATH water, and Liquid Death.
Since April 2023, we have achieved an average of $10,000+ in monthly recurring revenue with our FRO UEV.
WHy Invest
BIB Technologies is envisioning a new, green, cost-effective strategy for businesses to reach their customers while overcoming the many hurdles traditional brick-and-mortar businesses face.
We plan to use this raise of funds to grow the number of mobile storefronts operating in the LA Metro area and expand our operations, engineering, and customer support teams.
We have secured FRO’s placement at the famed Los Angeles Natural History Museum & La Brea Tar Pits. Due to requests, we are transitioning our FRO storefronts into an Internal Franchise model.
Join us as we mobilize businesses efficiently and sustainably.
Maximum Number of Shares Offered subject to adjustment for bonus shares
11.15.23
Hi all! The BIB Team will be heading to LA AutoShow on press day! We'd love to connect with you so feel free to drop us a note if you're interested in meeting up.
Meetup Link: Calendar
11.06.23
1 Day Left! Today's your last chance to invest in Business-in-a-Box with just a $100 minimum investment.
The team's been busy in the field, growing our customer fanbase and footprint. Don't miss out on the future of mobile pop-up stores.
Nanavati Low
10.24.23
Exciting news - Spectrum News Los Angeles recently featured BIB Technologies' store AUTOMATO. See the original story about our "rolling retail" stores by Spectrum News Los Angeles reporter Rae Williams (Article Link).
10.24.23
Exciting news - Spectrum News Los Angeles recently featured BIB Technologies' store AUTOMATO. See the original story about our "rolling retail" stores by Spectrum News Los Angeles reporter Rae Williams (Article Link).
Article highlights:
1. Update on Market Expansion and Consumer Adoption
In 2023, we successfully introduced AUTOMATO mobile storefronts in collaboration with renowned private properties, expanding our presence to reach diverse audience. AUTOMATO continues to garner positive feedback and grow our customer base because of the convenience, eco-friendliness, and affordability of Rolling Retail at high foot locations.
2. Eco-Friendly and Community-Focused
Our commitment to clean energy lowers business operational costs and aligns with sustainability goals. We continue to give back to our local community by connecting quality goods and services with emphasis on affordable prepared meals. We plan to scale this initiative citywide.
3. Versatility and Scalability
Rolling Retail is designed to accommodate a wide range of products and offer the flexibility to adapt to various locations. Together with innovative and eco-friendly companies Pickytarian, we offer versatility to position us and our vendors for further growth and scalability. We're excited about the trajectory to reach new markets and demographics.
10.03.23
We all love options. At BIB Technologies, we're all about giving our customers the freedom to choose how they shop with our clients. That's why we offer not one but two convenient ways to get your hands on their products:
Buy directly at the mobile store OR
Order from your phone and pick it up later
You know who else agrees this is a good idea?
Amazon - you might have heard of them. Amazon recently released Amazon Today, where you can buy something online and then pick it up at the store.
Imagine this: Instead of waiting for a delivery to your doorstep, you can order online, select a specific store for pickup, and even try the product in-store to see if it fits perfectly. Not only does this save retailers on costly fulfillment expenses, but it also ensures that you browse what you want when you want it. Check it out for yourself! Amazon WSJ
The retail world is changing to meet customer demands and BIB Technologies is ahead of the curve.
Choice is the future of shopping - invest in BIB Technologies for a cleaner and customer-obsessed business of tomorrow!
09.26.23
Harnessing clean energy isn't just an option—it's a necessity.
At BIB Technologies, we're not just talking the talk; we're walking the walk. We specialize in building temperature-controlled smart "boxes" with utilities and software that enable brands to operate turnkey - saving time to get up and running.
How? We let businesses
Store their energy to lower utility bills (less than $10/day includes driving AND running all appliances)
Produce energy on-site with solar panels
Synced energy - The smart BIB Box is like an off-grid house where IoT, appliances, and HVAC are in-sync
We're not just imagining a cleaner future; we're building it, one smart "box" at a time.
Invest early in the BIB Technologies journey - one with a proven product and customers eager to realize the cost savings that come from the power of harnessing clean energy.
09.18.23
Imagine you're starting a frozen yogurt business near a university campus like USC in the bustling heart of Los Angeles. You want to serve students, game days and events. You're looking at the options to balance location and market demand, capital investment and growth trajectory:
Option 1: Traditional Brick-and-Mortar Store
To set up shop in a prime LA location, your approximate costs look like this:
Design and Build Out Costs: $120,000 (one-time)
Equipment: $20,000 (one-time)
Overhead Rent and CAM: $6,000/mo*
Utilities: $4,000/mo*
Employee salaries: $11,000/mo*
Insurance: $1250/mo*
Estimated Startup Costs = $140,000
Estimated Monthly Costs = $22,250/mo
Option 2: FRO Mobile Store
Design and Build Out Costs AND Equipment: $75,000 (one-time)
Overhead Rent (Commissary): $700/mo
Utilities: $300/mo (powered by solar and electric energy)
Employee salaries: $5,500/mo (you only need one employee to run)
Insurance: About $300/mo
Startup Costs = $75,000
Estimated Monthly Costs = $6,800
The BIB Edge:
With our mobile storefront, you'll cut startup costs by 46% and operating costs by 69%!
Location and Market Demand - Our mobile model meets customer demand wherever it's strongest. This flexibility maximizes our revenue potential.
Capital investment - Startup costs for BIB's mobile stores are less than $100,000. This avoids the high capital investment often needed for traditional store setups.
Growth Trajectory - A BIB mobile store is perfectly positioned for sustainable and scalable growth thanks to low overhead.
Invest today to be part of the change.
* Sources RE/MAX Los Angeles Commercial
09.08.23
We're on track to reach a whopping $100,000 in income in just over 9 months! Yup you read that right - our mobile real estate platform is working part-time with our client - Natural History Museum of Los Angeles County.
When we first rolled out our self-powered EV mobile stores in 2018, people questioned whether utilities and appliances could run smoothly on mobile real estate. We're proud to say we've met and exceeded those expectations!
Proving that the mobile retail game is 💪. Even as a growing Fro-yo brand, we've shown that people are totally down to shop at a mobile pop-up.
To make all of this happen, we've been working hard behind the scenes. We brought in summer interns who've been crushing it, and now new hires on board.
Our Goal: Operate 7 days a week full-time starting this month. Our new hires enable Deloss and myself to focus on our backlog of BIB mobile stores owners. More on this in the next update.
But that's not all! We're just getting started 🚗🔌 Join us in redefining mobile retail and clean energy solutions.
The statements in the article are not guarantees of future performance, and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
09.07.23
We partnered with Natural History Museums of Los Angeles County to bring FRO, our eco-friendly, solar-powered mobile business serving mouthwatering Fro-Yo to the iconic La Brea Tar Pits.
Some fun facts about FRO
FRO is the FIRST self-powered mobile food truck on wheels!
Since April 2023, FRO has had an 80% margin on the cost of products served and generated $10,000+ in revenue on a monthly basis.
FRO was started when our co-founder, Deloss, dreamed up a modern-day ice cream truck for his wife while she was pregnant and always craving Fro-yo.
If you're in the City of Angels, don't miss your chance to come check out our state-of-the-art mobile storefront at La Brea Tar Pits and get your FRO-yo fix.
09.06.23
We are thankful for each of our investors believing in BIB Technologies’s mission!
Here’s why we believe BIB Technologies is a great investment opportunity
Powerhouse Team - Founded by SpaceX, Tesla, Red Bull, and Amazon alums.
$40M Valued Patents - Our cutting edge clean technology sets the standard for the industry.
REAL Impact - Each mobile store makes $15K+ MRR operating part-time.
Tomorrow's shopping experience - Mobile stores are the future of commerce. The US pop-up store market is valued at $14B in 2021 (Source) and growing. We're trailblazers revolutionizing commerce.
Our next goal is hitting 100 Investors and we need your help.
Share BIB Technologies with your friends & family and invite them to invest alongside you.
If you have any questions, drop them in the comment section below. We'll respond as quickly as we can.
Nana and Deloss, Co-Founders @ BIB
Members get an extra 10% shares in addition to rewards below!
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$500+ | Perk 1
Invest $500+ and receive Limited Edition BIB Technologies Baseball Cap.
$1,000+ | Perk 2
Invest $1000+ and receive Limited Edition BIB Technologies Performance Shirt.
$2,500+ | Perk 3
Invest $2,500+ and receive Limited Edition BIB Technologies Performance Jacket.
$5,000+ | Perk 4
Invest $5,000+ and receive concierge service and priority queue to purchase AUTOMATO or FRO mobile store.
$20,000+ | Perk 5
Invest $20,000+ and receive Founders Dinner.
$50,000+ | Perk 6
Invest $50,000+ and receive Founders Dinner + 1 Night Hotel at the world-famous Beverly Hills Hotel and Dinner at the Polo Lounge with the Founders in Los Angeles, CA + 1% bonus shares.
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W Kim Colich
2 years ago
Hi Nanavati, Can you elaborate a bit about your "patented technology"? How may patents have been granted and are there others pending? Of those granted, are they owned by BIB Technologies or are they licensed to you? Thanks for clarifying. Blessings
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