MCARTech, Inc.

MCARTech, Inc.

Preventing costly industrial machinery failure with Asset Reliability solutions

Print
Claim My Business
Form C
View on Wefunder
Security Type
CAFES
Categories
Technology, Financial Services, Infrastructure
Min Investment
$100
Location
Munster, IN
Expected Close Date
April 30, 2023
Target Raise
$100.00K-$1.24M
No. Investors
11
Security Price
$1
Website
mcartech.com
Number of Employees
3
Cash
$251,026
Revenue
$36,202
Short Term Debt
$346,305
Cost of Goods
$15,919
Long Term Debt
$0
Net Income
$-198,434

Key Deal Facts

✅ Contracts w/ 2 international manufacturing companies, 2 more being finalized
🎯 Successfully completed proof-of-concept w/ 3 clients
💥 Highly-specialized engineering team w/ 150+ years of combined experience
💸 Offer more effective, adaptable solutions at more affordable rates than all major competitors
📈 Industrial IoT market valued at $250B -- projected to be $1.3T by 2027; CAGR of 25%

Management Team / Advisory Board Bios

Kumar Chatterjee Founder/CEOEngineer with 40 years of leadership experience in Asset Reliability Management Strategies. Previously at ArcelorMittal, Tata Steel, and Steel Authority of India Ltd., Dr. Kanishka Aman Singh Co-Founder/COO/Senior Systems SpecialistEngineer with experience in nuclear power station design and control systems of heavy electrical equipment. BTech/MTech from IIT Kanpur, PhD in Electrical Engineering from Iowa State University., Thierry Olivier Lefevre Senior Technical Advisor40+ yrs of leadership in cement plant operations and maintenance at various major international companies. Formerly operations management in France/Canada & performance management of multi-sites in Europe and Africa., Steve Guzy Senior Technical Advisor40+ yrs of leadership in steel plant operations and maintenance. Formerly: GM of Primary Operations at Wheeling Pittsburgh Steel, Division Manager of Hot Rolling at US Steel Corp., Plant Manager at Titanium Metals Corp., VP of Operations at JSW Steel, Kathleen Boyle Manager Admin and Accounting7 years of experience in small business accounting, 16 years in teaching., Fernando Dominguez Lead Software Developer6 years in software development. Experience in insurance sector as a Senior Developer, DB Administrator, and front-end designer. 3 years as an independent agent developing websites for various industries, such as sales and administration., Rohan Chatterjee Creative Director7 years in film production. Writer, director, and editor with experience in independent & short films, commercials, and branded content. NYU Tisch Film grad., Kumar R Chatterjee Founder/CEOEngineer with 40 years of leadership experience in Asset Reliability Management Strategies. Previously at ArcelorMittal, Tata Steel, and Steel Authority of India Ltd.
Amount Raised : $114,552
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment