flatland3d

flatland3d

Protecting the PEV Community

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Security Type
Revenue Sharing
Categories
Service Businesses
Min Investment
$100
Location
Grand Rapids, MI
Offering Date
July 24, 2020
Expected Close Date
January 22, 2021
Target Raise
$25.00K-$249.00K
Deal Notes

Payback Multiple: 2.5x

Revenue Share: 10.0%

Payment Frequency: Annually

Maturity: 5 years

Company Description

Founded in 2016 by two avid skateboarders and mechanical engineers, flatland3d designs and sells accessories for electric skateboard riders. We began with a single product, our Bash Guard for Boosted Boards, which brought us viral growth within our space. Since its inception, it has seen several product iterations, and allowed us to expand into many other e-skate (electric skateboard) focused accessories. Our current top seller is our E-Skate Glove, which we designed in collaboration with Knox Armor. This safety product protects e-skate and other PEV (Personal Electric Vehicle) riders’ wrists and hands in a crash, replacing bulky wrist guards that interfere with safe and comfortable use of an e-skate remote, camera, or smartphone. We have built a reputation of bringing highly functional, practical products to market as well as providing stellar customer service.

Key Deal Facts

Our company was born by the viral demand of our first ever product called the "bash guard" for the boosted board.
e-skate and PEV commuting is a new and growing industry
Both owners Nick & Steve are Mechanical Engineers with a passion for skateboarding.
E-Skate is an extremely fun activity and a highly efficient and green way to commute and dodge heavy traffic.

Management Team / Advisory Board Bios

Nick Klimas - OWNER/OPERATOR

Steve Silva - OWNER/OPERATOR

Deal Notes

Payback Multiple: 2.5x

Revenue Share: 10.0%

Payment Frequency: Annually

Maturity: 5 years

Amount Raised : $0
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Valuation

Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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