Scooterson (1)

Scooterson (1)

Intelligent scooters from the future

Security Type
Crowd SAFE
Min Investment
San Francisco, CA
Offering Date
December 14, 2020
Expected Close Date
March 22, 2021
Target Raise
Deal Notes

Discount: 0%

Company Description

Today’s micro-mobility products are technologically outdated.  In the age of smartphones, apps, and artificial intelligence, the majority of modern scooters still use the technology of the '90s. Today's tech-savvy customers have to buy aftermarket products to add the features they need.

With a few exceptions, all scooters are built in Asia, from low-quality components. The complete lack of good industrial design creates the perception of an ugly, awkward-looking product or kids toy. Millennials don't want to be ridiculed for riding a cheap-looking product.

In the time of COVID-19, when scooter-sharing is avoided, there are no viable options for the riders who don’t want the burdens of ownership.

By innovating and developing new technologies for micro-mobility, we’ve created a line of intelligent, energy-efficient, and easy-to-ride scooters, fully controlled from your smartphone, for the best riding experience possible.

Key Deal Facts

Three intelligent scooter models, fully controlled from the mobile app
$1.1M+ in pre-sales from July 2020 to October 2020
$25M in projected revenue by end of 2021 | A $290M SOM
$2.8M in funding to date
Red Dot Design Award Winner 2018
5 patents granted, 3 patents pending
Ready for manufacturing design

Management Team / Advisory Board Bios

Mihnea "de Vries" Chis
Founded KopterX, a start-up assembling high-end heavy drones for aerial cinematography. Founded the first Internet Service Provider in his home town, back in '96.

Deepansh Jain
Co-founded and successfully exit 2 companies. The recent one, Signals (Shifu), was acquired by PayTM/Alibaba for $8M.

Gautham Ramesh
Mechanical Engineering Lead.

Ionut Predescu
Industrial Design Lead

Muhammad Hakeym Bin Abd Rashid
Mechanical Engineering

Kenneth Lim
Firmware Developer

Cristina Eilertsen
Community Manager / PA

Aaron Lim
Sales & Support

Calin Coman
Marketing & PR

Jasmine Tacneng
Mechanical Engineering

Wilson Liew
Mechanical Engineering

George Poenaru
Electrical Engineering Lead

Ervin Kis
Composites and Prototyping

Anton Umnitsyn
iOS Developer

Pavel Kiss
Backend/Middleware Software Developer

Deal Notes

Discount: 0%

Amount Raised : $390,600
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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