Berylline Corporation

Feel The Wind On Your Face! Again!

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Security Type
Common Stock
Categories
Other
Min Investment
$99
Location
Rochester, MI
Offering Date
April 16, 2018
Expected Close Date
January 31, 2023
Target Raise
$10.00K-$534.00K
Security Price
$5.22
Valuation
$6,295,503
Number of Employees
7
Cash
$15,792
Revenue
$15,162
Short Term Debt
$68,396
Cost of Goods
$24,464
Long Term Debt
$0
Net Income
$-36,530

Company Description

Feel the wind on your face again! Berylline is a technology and manufacturing company specializing in small engine hybrid systems and personal transportation. Berylline’s F2A is the industry’s first Hybrid 3-Wheel Scooter targeting the leisure and local commuting market.

Key Deal Facts

2011: Berylline completed its first prototype and conducted numerous engineer tests on the design concept to improve the design.
2011: Berylline also signed the letter of intent agreement with its first dealership in Michigan.
2012: Signed partnership agreement with Wanhu Industries in China
2014: Signed supplier Letter of Intent with key supplier: Kaitong Motorcycle Mfg. In China
2015: Production Prototype Initial Public Debuted in Miami International Motorcycle Show with excellent feedback and response from attendees
2015: Won the First place in Troy Traffic Jam Classic Car Show.
2015: Accepted into OU INCubator – Oakland University’s Incubator program
2016: Michigan Business Accelerator Fund award to Beryline Corporation
2016: Joined forces with one of most prominent advertizing agency, Berlin Group, to complete marketing study and kick off national market campaign
2016 Commercial vehicle concept was developed for future product.
2017 Berylline has been awarded an additional $16,500 in Business Accelerator Funds (BAF) from the State
2017 Working with Oakland University to optimize Berylline's hybrid system design.
“Troy-based Berylline Co. will introduce a 100-mile-per-gallon hybrid scooter today on the campus of Oakland University, giving riders more transportation options in the resort and leisure vehicle market.”
“The company bills the vehicle as “a perfect fit for recreational or urban personal transportation.” It is currently accepting pre-orders at a price of approximately $6,000.”
“When people think of hybrid vehicles, they usually picture cars -- maybe heavy trucks and buses. Berylline Corp. wants you to think of three-wheeled scooters.”
“Battery easily removable from the base… That scooter is so quiet and street legal, I want one!”
ONINC Connects Clients with Student Engineering Talent
OU INC Awarded $43,600 for client Berylline
2015: Production Prototype Initial Public Debuted in Miami International Motorcycle Show with excellent feedback and response from attendees
2015: Won the First place in Troy Traffic Jam Classic Car Show.
2015: Accepted into OU INCubator – Oakland University’s Incubator program
2016: Michigan Business Accelerator Fund award to Beryline Corporation
2016: Joined forces with one of most prominent advertizing agency, Berlin Group, to complete marketing study and kick off national market campaign
2016 Commercial vehicle concept was developed for future product.
2017 Berylline has been awarded an additional $16,500 in Business Accelerator Funds (BAF) from the State
2017 Working with Oakland University to optimize Berylline's hybrid system design.
Completed Fuel Injection System Installation and System optimization concept design.

Use of Proceeds

Use Value % of Proceeds 

Working Capital

 

$1,017,567

 

95.1%

 

Intermediary fees

 

$52,430

 

4.9%

 

Management Team / Advisory Board Bios

Dennis Dresser

Dennis Dresser is the President and CEO of Global Alliance Network, LLC. (“GAN”). GAN is an international consulting firm that has been providing business opportunities around the world through their worldwide industrial network since 1999. He was previously President and CEO of GT Automotive System, Inc (GT). Dennis started GT with less than 20 people and from a small company and $2 million dollar in sales he grew the company into a major international Tier 1 automotive supplier dominating the column gear- shift lever business by 1997 with sales over $75 million, over 500 employees (including a JV with Tsuda Industries in Japan). Dennis has a Bachelor of Science degree from Ball State University and a Master’s in Business Management from Central Michigan University.

Bruce Weber

Bruce is a CPA, with an extensive background as Financial Manager and Owner in the OEM products of stampings, injection molded plastics, and machined castings. Bruce was one of the four investors who acquired Wolverine Metal Stamping from retiring founders in 1998. He became the CFO in 2000 and President in 2003, prior to the sale of Wolverine to Eric Jackson in November 2003.

Henry Lee

Mr. Lee joined the Vehicle Research Institute (VRI) team of Western Washington University to study and build hybrid vehicles in 1992. At VRI, Mr. Li worked on two solar/electric/natural gas engine hybrid vehicles: Viking 21 and Viking 23. Mr. Lee earned his Post-Baccalaureate Certificate of Vehicle Design at Western Washington University, USA. He has a bachelor degree of Mechanical Engineering in Chongqing University, China. Between 1996 to 1998, Mr. Lee worked for Dura Automotive as a Project Engineer. Later, Mr. Lee worked for General Motors as a Senior Engineer and has been part of many vehicle programs. In 2011, Mr. Lee started to work on Berylline Hybrid 3 Wheel Scooter project as Chief Engineer and directed the design and build of the 2 prototype vehicles.

David Etienne

David is a Certified Public Accountant(CPA) with experience in the design, development, and management of comprehensive corporate accounting, budgeting, financial reporting, tax reporting and MIS systems. David has been consistently successful at linking accounting, budgeting, financial reporting, tax reporting and MIS systems. David has been consistently successful at merging accounting with general operations to provide hands-on financial leadership for strategic planning. He possesses strong analytical and problem solving abilities and he is committed to professionalism.

David Nelson

David Nelson has spent the majority of his professional career in executive sales positions with exceptional results. He spent 28 Years at AT&T ( Ameritech / Michigan Bell) as Sr. Sales Associate, Training Manager and SEO Specialist. During his career at AT&T, David won The Presidents Club Award 11 Times.

Michael Dresser

Michael Dresser has over seven years of experience as an Account/Product Manager working with global, automotive clients, including Global Alliance Network and Coliant Corporation. A natural at building and forging relationships, he has success in developing business with new and existing customers and extensive automotive industry knowledge with a diverse international network. His competitive nature outside of the business realm led to a National Snowboarding Championship in 2009 (USASA Men’s Slopestyle). As an SOS Outreach Coach, he shared these skills with underprivileged youth, helping build self-esteem and character. He received his B.S. in Business Administration (Marketing) from The University of Colorado at Boulder, and a double MBA in International Business and Entrepreneurship from Oakland University.

Anthony Orzechowski

Mr. Orzechowski has 35+ years of diversified financial, operations and general management experience unique to privately held corporations with annual sales from 1M to 75M. Anthony has held executive positions and independent consulting assignments from Chief Financial Officer to President in various service, construction and manufacturing industries. Tony has advised and assisted numerous companies with strategic planning, cost containment, financial restructuring, banking negotiations and crisis management.
Amount Raised : $41,087
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