-
Security Type
-
Common Stock
-
Categories
-
Technology
-
Min Investment
-
$250
-
Offering Date
-
August 30, 2021
-
Expected Close Date
-
March 01, 2022
-
Target Raise
-
$10.00K-$1.07M
-
No. Investors
-
18
-
Security Price
-
$5
-
Valuation
-
$35,000,000
- Number of Employees
- 1
- Cash
- $12,027
- Revenue
- $0
- Short Term Debt
- $7,707
- Cost of Goods
- $454
- Long Term Debt
- $0
- Net Income
- $-46,127
Company Description
FutureGenRobotics develops mobile robots and AI solutions to simplify and automate some of the most labor-intensive tasks.
Key Deal Facts
The landscape services industry has a market size of $105.1 billion in 2021, while the global industrial and commercial floor scrubbers market size was valued at $3.66 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027.
In 2017, FutureGen put 8 units into the field for testing and beta, and the feedback from customers since then has been overwhelmingly positive.
So far, the SmartMow is covered by three US patents, while the FGR Floorbot design is nearly complete, and is expected to be in production by Q1 of 2022.
Management Team / Advisory Board Bios
Michael Letsky, CEO, CTO, CFO, President, Secretary, and Director
Mike Letsky is a visionary and game-changer. Mike has been awarded 5 issued US patents in robotics and is the inventor of the SmartMow technology. For the past 20 years, Mike has worked in Aerospace, IoT, Robotics, and Product Development.