Transportation & Storage
Expected Close Date
September 07, 2022
- Number of Employees
- Short Term Debt
- Cost of Goods
- Long Term Debt
- Net Income
A single, street legal vehicle that can effortlessly transition back and forth between land and water, and efficiently operate as a road vehicle as well as a boat, has been a dream for many around the world, yet the only options available have been over-priced, low quality, or have suffered from performance compromises and regulation hurdles. Poseidon AmphibWorks plans to change that, filling the void in the marketplace with an elite and affordable, electric amphibious vehicle that will combine unique technologies to optimize efficiency in both land and sea. Currently pre-prototype, our vehicle has the potential to be a paradigm shift for transport, recreation, business, and government applications.
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StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
Tier 1 | $2,000
Invest $2,000 and receive 3% bonus shares.
Tier 2 | $5,000
Invest $5,000 and receive 6% bonus shares.
Tier 3 | $10,000
Invest $10,000 and receive 9% bonus shares.
Tier 4 | $10,000
Invest $15,000 and receive 12% bonus shares + 15-minute call with Co-Founder and VP of Amphibious Operations, Captain Andy + a 20-minute Amphicar Amphibious Tour at the Boat House in Orlando, Florida (up to 3 people per car).
Tier 5 | $25,000
Invest $25,000 and receive 15% bonus shares + 15-minute call with Co-Founder and CEO, Steve Tice, and Co-Founder and VP of Amphibious Operations, Captain Andy + a 20-minute Amphicar Amphibious Tour at the Boat House in Orlando, FL (up to 3 people).
Key Deal Facts
A highly scalable business model, with non-linear growth potential. Minimum CapEx requirements using proven low-risk strategic partners. After initial product success, the unique modular technology will allow for worldwide growth for new applications/customer segments.
Due to climate change, we believe we’re witnessing a growing amphibious demand. The global amphibious vehicle market size was valued at $2.91 billion in 2021 and is projected to reach USD $4.71 billion by 2027, exhibiting a CAGR of 8.35% during the forecast period.*
Our team has deep amphibious vehicles operations and powertrain engineering experience with intellectual properties in the field, ranging from single-motor to motor-per-wheel, 2 & 4-wheel vehicles, e-cat boats to semi-truck powertrains. Building on previous experiences in the industry, our prototype design will be legal on US highways and will follow all marine regulations.