ABBY by GOGOTECH

ABBY by GOGOTECH

Safe, Advanced, Affordable, Personal Mobility

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Security Type
CAFES
Categories
Technology, Social Impact, Retail, Healthcare & Medical, Transportation & Storage
Min Investment
$250
Location
Wilmington, DE
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$1.07M
No. Investors
116
Security Price
$1
Website
gogotech.co
Number of Employees
4
Cash
$110,447
Revenue
$0
Short Term Debt
$120,671
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-97,224

Key Deal Facts

⭐ Techstars '21 & XTC '22 Global Finalist
🚚 Dozens of pre-order deposits & over 1000 subscribers on waitlist - HELP US DELIVER!
🦽 Production Ready
📜 Patented Technology
🦾 ABBY is a companion & 150kg capacity household robot, not just a wheelchair
📈 Powered Mobility Devices are a $4B market growing 15%+ annually

Management Team / Advisory Board Bios

John Debenedette CEOExperienced founder and wheelchair user since 1985. ABBY is my third startup and the second aiming to disrupt a huge but deeply flawed industry. We are a lean but uniquely qualified team with a shared passion to help create a more inclusive society, Dr. Clarence Tan Chief Impact OfficerIf you believe as we do that powered mobility can't remain a privilege for only the wealthy and the well-insured, please support our campaign!, Wei Wen Jing Engineering20+ years in product industrial design, engineering, and production including self-balancing and unicycle rideable EVs + Master design engineer with deep experience in motor control, embedded systems, product design and production engineering, Prawwaree Paonil MarketingSeveral years with Group-M digital agency working on global brand accounts (Amway, Nestle, Volvo Cars) + several years creative, digital art, game design and UX&UI
Amount Raised : $263,705
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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.

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