Ap Racing

Ap Racing

We teach people Machine Learning by having them race autonomous cars online.

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Security Type
SAFE
Categories
Other
Min Investment
$20
Location
Oakland, CA
Offering Date
July 30, 2020
Expected Close Date
October 28, 2020
Target Raise
$65.00K-$107.00K

Company Description

People learning AI today will make the biggest future impact in across industries, but our current education system isn't enough to support that future. That's why we've built AP Racing, so people can learn Machine Learning and ensure they grasp the subject by racing autonomous cars online.

Perks

Invest $250+ for Get a fully retrofitted 1/16th scale RC car and software ready-to-go out of the box.
$500+ Get a 1/8th scale retrofitted autonomous car with software.
$1,000+ Get 1/5 scale retrofitted autonomous car with software. Along with AP Racing branded gear.
$10,000+ Get a 1/4 size autonomous vehicle (think power wheels) retrofitted with the necessary hardware and software.
Invest $250+ for Get a fully retrofitted 1/16th scale RC car and software ready-to-go out of the box.
$500+ Get a 1/8th scale retrofitted autonomous car with software.
$1,000+ Get 1/5 scale retrofitted autonomous car with software. Along with AP Racing branded gear.
$10,000+ Get a 1/4 size autonomous vehicle (think power wheels) retrofitted with the necessary hardware and software.

Key Deal Facts

A founding team with deep experience working in Machine Learning and autonomous vehicles.

We’ve built relationships and learned about the issues within education in the past 4 years.

We’re preparing America for an AI future by helping students become experts in autonomous vehicles.

Use of Proceeds

If $65,000 is raised:

Education, engineering, and design: As we continue to build upon the education component, we'll need more help from industry professionals (AI and Education) with expanding the value it brings. We're also focused on iterating the web application and simulation software. We currently have a web developer working on the web app, but we'll need to hire one more developer to help with improving the simulation.    

Growth and marketing: We're running growth experiments weekly to understand best where to find effective leverage. We see our core features as the best lever right now, so we're coming up with ways to include growth as part of those features mentioned above. 

Legal and administrative operations. We'll be using software to help manage and automate these operations and need to ensure there are no disruptions with the services we use. 

Wefunder intermediary fee.

 

If $107,000 is raised:

Education, engineering, and design: At this target we'll expand the educational material and the simulation capabilities to accommodate additional classes of vehicles (1/4 and full size). This will aid in acquiring students with more advanced skill sets. Additionally, we'll be able to begin work on developing hardware templates for physical cars to make participation simpler for users.  

Growth and marketing:  We'll be more aggressive in these efforts by exploring other channels of growth such as paid acquisition.   

Legal and administrative operations: We'll be using software to help manage and automate these operations and need to ensure there are no disruptions with the services we use.  

Wefunder intermediary fee.

Management Team / Advisory Board Bios

Akin Shoyoye
Co-Founder & CEO @ AP Racing
I previously worked at GM Cruise and Zoox, 2 of the world's leading autonomous vehicle companies, and built a research organization in which I led a team to develop an open-source autonomous car.


Sai Sanigepalli
Co-Founder & Head of ML/Education
I'm an embedded systems engineer who's developed ML software for IoT research at the Berkeley Lab and built robots for schools to help automate their physical operations.
Amount Raised : $11,000
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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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