By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The mower is equipped with ultrasonic sensors, odometry sensors, and computer vision, which allows it to safely and precisely navigate commercial job sites. Nasdaq Someone else mentioned it, but i believe Husqvarna is the most popular brand right now. Our 7 Top Picks. We may be unable to convert our prototype to a minimum viable product that can easily be replicated and put into mass production. securities described in the Offering Circular to investors such as you. An IPO is an initial public offering. Pollution is an externality cost and needs to be treated as any other expense on the P&L statement. Be a tax right off right using solar energy. Thats not great news. https://www.grazemowing.com/nb?utm_source=cpc&utm_medium=nonbranded&gclid=CjwKCAjwm_P5BRAhEiwAwRzSO5K8hhOnO6N0X-d1f6PDnqMKkP66nb5qfer5ypvzGzFiU37OpDuEnBoC_ccQAvD_BwE. All rights reserved. Still, at this stage, estimates along these lines seem aggressive. Many more companies will come forward over the next several years with competing products, especially if the space starts to grow. You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement. SI Securities does not provide custody services in connection any investments made through the platform. The cutting deck is removable for easy access as well. Check out the background of our broker-dealer and investment professionals on FINRA's broker/check. Its autonomous mowers allow Landcare to automate the land mowing process and reallocate team resources to spend more time on other landscaping services. Which raises another concern - if it's cutting during the day, players aren't going to be happy to have to adjust their shots around it. Operating Status Active. Traditional commercial mowers, on the other hand, can cost up to $15,000 . Although the U.S. commercial landscaping industry is worth $98.7 . Without these letters of intent, we would have no interest from prospective customers, which may affect our revenue and growth projections. Graze is more than a mower, Graze is a land maintenance platform. Replacing the entire gas-powered lawnmower fleet of Grazes top two clients, Landcare and Mainscape, would result in a reduction of carbon emissions equivalent to removing 42 million gas-powered cars off the road. Sign up below to get this incredible offer! Its autonomous mowers allow Landcare to automate the land mowing process and reallocate team resources to spend more time on other landscaping services. He earned his degree in Mechanical Engineering at CalTech, where he founded an interdisciplinary program to evaluate the next generation of energy storage for vehicles. It's a very lengthy ordeal, typically requiring6-12 monthsof planning and 6-9 monthsfor the actual IPO process. The mower is designed specifically for golf courses, country clubs, and the landscaping companies that service them. Because agriculture spends a large chunk of its money on manual labor. Another cost is pollution. 100% Electric Powered From a high-level perspective, Graze provides a necessary breakthrough solution to an industry desperate for solutions. All of these would result in dilution to our existing investors, plus they may include additional rights or terms that may be unfavorable to our existing investor base. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. SeedInvest has not taken any steps to verify the adequacy, accuracy or completeness of any information. Solar would have to be cheaper than using 10 year old equipment with labor at $10 an hour. And become more affordable as they progress so get in while we can. Sounds like a bust in the making. Many hardware and equipment manufacturers suffer from one and done customer purchasing. Graze is a pre-revenue company that has developed a fully-autonomous, robotic commercial lawnmower, that has a visible and compelling opportunity to disrupt the $54 billion U.S. commercial landscaping market, by addressing and eliminating the markets biggest pain-points: labor costs, fuel costs, safety-related workers compensation and pollution. While we plan to eventually do all production in house, initially we will be leveraging contract manufacturers as we build up scale. About us Graze is a fully autonomous commercial lawn mower . On top of labor costs are the exorbitant fuel costs. According to a Statista and IBISWorld study, the U.S. landscaping services industry hit revenue of $94.7 billion in 2019. Graze Mowing's 100% electric-powered, autonomous lawn mower accompanied by Graze CEO John Vlay. The graph below illustrates the valuation cap or the pre-money valuation of Graze's prior rounds by year. That service is necessary to keep the mower up-to-date and functioning. Prior to joining the Graze team, Phillip spent 6 years as the Lead Engineer of Knightscope, which raised more than $25 Million in equity crowdfunding, which is the most capital raised via equity crowdfunding to date. effects of dilution or grants special privileges in situations when the company is sold. This includes beginner questions and portfolio help. As the demand for mowing services increases, so too will the demand from those service providers for mowing equipment. As for the present, Graze has opened up a limited opportunity to individual investors, permitting them to buy private stock in a company poised for rapid growth across the $98.7 billion commercial landscaping market as well as the $14.16 billion golfing market. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold. Graze accepts your investment, and certain regulatory procedures are completed, your money will The current financing round values Graze at $23 million (pre-money). If perennial weeds are a problem, consider . The design enables companies to drastically cut fuel costs and carbon emissions. A copy of the Final Offering Circular that forms a part of the Offering Statement may be obtained both here and below. Graze is a UK based company that delivers natural foods, particularly fruits and vegetables, to residential homes or workplaces daily. Equity crowdfunding investments in private placements, and start-up investments in particular, are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups. Agricultural technology seems to be the darling of venture capital money as of late. graze: [verb] to feed on growing herbage, attached algae, or phytoplankton. What makes Graze such an exciting opportunity? These investors often negotiate for seats on the company's board of directors and play an important role through their resources, contacts and experience in assisting early-stage companies in executing on their business plans. Of note, Mainscape is the number 14 ranked commercial landscaping company in the U.S. disclosed in Grazes profile and Offering Circular. NEW YORK, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Reg A+ Pre-IPO Investor . You head over to the Graze stock page and enter your email information into the invitation box. Luke Lango is a Markets Analyst for InvestorPlace. Gotta find the company thats going to take the risks. The Company may not pay dividends for the foreseeable future. More bullish projections suggest, due in large part to factors mentioned below, the domestic commercial lawn mower market could surpass $4 billion by 2024. Legal, accounting, printing, and regulatory fees can cost millions more. On the surface, the company is in the right sector. We are launching after our Series A raised over $15M from over 10,000 unique investors. Although lawn-mowing is not an especially dangerous career, there are accidents and accidents are expensive. Receive weekly tips to nourish your abundance mindset. Annual sales volumes hover around300,000 units. No early risers, he said, sheep typically "get up about 10 a.m. or 10:30 a.m." then they graze a while, maybe take a nap, graze some more into the evening, and then eventually go to sleep and do it all again the next day. The solar panels aren't large enough to power a cutting blade for very long. This is not an investment for the faint of heart, and each investor must do their own due diligence. Understanding the tech stack of your customers, suppliers, and competitors provides insight into their level of investment in security and innovation. Future Labs V, Inc. dba "Graze Mowing . Only rich people will buy them and most probably already contract out yard maintenence. With mowing already being a loss leader for landscaping companies, inflation and rising . Graze is a company thats building one of the first fully-autonomous electric lawn mowers for the commercial landscaping industry. Its largely low-level labor automation. what they are in traditional agriculture. $8.7M+ Raised 3 Rounds on SeedInvest Hospitality brand providing exceptional guest experiences anchored by a passion for hospitality, cocktails, spirits, wine, beer, and food. Over the past five years the commercial lawn mower market has experienced steady growth and that trajectory is expected to continue. dangerous. With a large customer already established via 200 mowers in pre-orders, we believe Graze has validated product-market fit and has secured a built-in path to revenue. CEO John Vlay is an industry insider with 35 years of experience and an exit under his belt. Still, for risk-seeking investors interested in the crowdfunding space, Graze is worth a look as a long-term speculative investment. Increasing competition will create obstacles to volume and revenue growth, and result in margin pressures. He has been professionally analyzing stocks for several years, previously working at various hedge funds and currently running his own investment fund in San Diego. The process of investing is really easy. Getty. Create an account to follow your favorite communities and start taking part in conversations. The lost contract from LandCare is also of concern. Currently there is no market or liquidity for theseshares and the company does not have any plans to list these shares on an exchange or other secondary market. What is Graze? Please note that as a topic focused subreddit we have higher posting standards than much of Reddit: 1) Please direct all advice requests and beginner questions to the stickied daily threads. Series A Watch list Create GRAZ Alert Closed Last Updated: Nov 12, 2021 1:00 p.m. EST Delayed quote $ 5.00 0.00 0.00% Previous Close $5.00 Advanced Charting 5.00 Day Range 5.00. We are seeking to raise $1M by conducting a public offering under Regulation CF. In the future, we expect Graze technology will also track and plan around weather data, detect and defend against turf and plant diseases, provide data analytics and insights to its customers, and, eventually, will manage mower fleets with Artificial Intelligence, thereby providing a reduction in indirect labor costs (i.e., administrative personnel). *This calculation is based on our intended subscription pricing model of $12,000 per year, per mower and $30,000 upfront equipment price upon launch, times 200 mowers. Minimum Investment:US $998 per investor. The result is lower fuel costs, reduced carbon emissions, increased efficiencies, and improved safety measures. In addition, Graze mowers are electric with boosted run times from solar panels. Your shares are not easily transferable. Neither PreIPO Buzz nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this site or the use of information on this site. 2) Risk of fraudulent activity Proprietary Technology Machine learning and computer vision will allow Graze to map job sites, plan and execute mowing paths, avoid obstacles (i.e. We will be at a disadvantage as we are a new entrant with significantly less resources and minimal market recognition and penetration. Mowers consume about 1.2 billion gallons of gasoline annually, and commercial mowers consume more than 100 million gallons of diesel annually. Because of this, we will have less control of our supply chain as we grow the business, which could affect our ability to meet customer demand. Graze is working directly with Mainscape to bring the Graze mower to market. JavaScript must be enabled to use this site. Lawnmowers are major contributors to pollution and global warming. Not golf courses. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Graze Mowing. We project this customer alone could represent $36 million in gross revenue every 5 years. Many of our competitors have more resources and greater market recognition than we do.Because we are a new entrant to the commercial landscaping market, there are already a number of companies that have more resources and greater market recognition than we do. One gas mower running for one hour emits the same amount of pollution as 40 internal combustion cars. Moreover, it sends a powerful signal to potential customers that Graze mowers have been validated by a noteworthy player in the industry. John led Jensen Landscape as Chairman, CEO, and President for eleven of his 35 years with this award-winning landscape construction and maintenance company. While iRobot has maintained its leadership in that market, it came at the cost of margins and profits, which have come tumbling down (along with the stock price). Follow View all 7 employees Report this company Report Report. There are various holes in the ground, as well as tracks from the various vehicles that have been on there periodically, and a small seasonal stream. As such, it is difficult to determine how we will perform, as our core product has yet to come to market. As CEO, John Vlay brings a great deal of experience in this space, and without him, we would struggle to build relationships with commercial landscaping companies. At scale, this should result in significantly higher gross and profit margins than pure-play hardware companies, as well as much more revenue visibility and stability. I could see it being big in golf courses and hotel resorts with big lawns. Online chat start-up Discord had been in talks to be acquired by Microsoft in a $10 billion deal, although the tie-up was ultimately deep-sixed. Graze is a startup on Startengine.com that makes fully autonomous electric mowers. 3) Lack of liquidity Customer securities and account balances, not held directly by the customer or in escrow, are held by New Direction Trust Company (NDTCO) for the benefit of customers. Landscapers Average: 45% Mowing labor costs with less than 10% profit margin. We rely on a small management team to execute our business plan. Pre-orders from Mainscape suggest initial pricing will be effective. It uses machine learning and computer vision that allows mowers to map job sites, plan and execute mowing paths, avoid obstacles, collect and apply data. This is Graze's fundraising profile page, where you can find information that may be helpful Labor costs in commercial landscaping are 4x what they are in traditional agriculture. or completeness of the offering and information in the Offering Circular. Before investing, you should carefully consider the specific risks and disclosures related to both this offering type and the company which can be found in this company profile and the documents in the data room below. Graze is currently offering shares at $7.10. Government contracts are usually a very reliable source of revenue. Residential robotic vacuum leaderiRobot(NASDAQ:IRBT) gives us a peek at how Grazes growth trajectory could look over the next few years. The Top 3 Growth Stocks in Quantum Computing. These risks include: 1) Greater chance of failure Around $60,000 of that will be high-margin, annually recurring software revenue. Commercial landscaping and maintenance companies regularly purchase new equipment at the end of useful life spans (i.e., every 2-5 years). On the other side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. Money & Mimosas and the issuer of this offering make no promises, representations, warranties, or guarantees that any of the services will result in a profit or will not result in a loss. Further assuming the company operates at iRobot-like gross margins (~50%) and opex rates (~40%), then Graze could be looking at $100 million in operating profits, or about $80 million after taxes. Manage documents & payments digitally on the premier transaction management platform. These connections helped Graze to secure $36 million in preorders from landscapers and country clubs. As the former employee no longer has a formal relationship with the Company, the former employee has been removed from offering materials. In an IPO, a privately owned company lists its shares on a stock exchange, making them available for purchase by the general public. I am a bot, and this action was performed automatically. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. The Silicon Beach startup said it has. Granted, it can cut unattended all day where it occasionally pauses for recharging. "The SEC has qualified this offering" means the SEC has permitted Graze to offer for sale the That is, Graze is both a hardware and a software company. It Does Not Mean That The SEC Has Approved, Passed Upon The Merits Or Passed Upon The Precision Or Completed Of The Information In The Offering Statement. On one side, they sell the robotic lawnmower for $30,000 per mower. Solar and batteries are expensive. May 2019 - Present3 years 10 months. $115B landscape industry plagued by high labor and maintenance costs. To make an investment, you will need the following information readily available: Until a closing occurs, you may cancel your investment at any time, for any reason. Further, the start-up portion of your portfolio may include a balanced portfolio of different start-ups. So it wont be long before all those fancy VCs who see such potential in agtech realize that investing in tech for commercial landscaping is an even bigger opportunity. Additionally, we may not be able to make a transition to mass production, either via in house manufacturing or contract manufacturers. Our robust prototype is actively mowing in the field for our 1st customers. Real-time information on initial public offerings (IPO's) by MarketWatch. 1125 N. Charles St, Baltimore, MD 21201. Copyright The mower reduces a 4-man landscaping team, to a one mower and 2-man landscaping team, resulting in 50% labor savings. Last Funding Type Non-equity Assistance. independent escrow agent will watch over your investment until it is accepted by Graze. John left Jensen in 2018, after which he has engaged in a number of consulting roles. Meet the team and learn why we're poised to revolutionize t. Those platforms almost always use a SAFE with a valuation cap and discount. Theres even room for more lines. Centering on renewable energy, we believe Graze eliminates 75% of fuel costs, increases operating margins, and allows landscapers to win new business by offering maximized efficiency and quality. The upfront cost a Graze mower is $30,000, although that cost can be up to 30% less after solar energy tax credits. Graze Mowing. News flow 15 minutes ago MT Newswires We may be required to raise additional capital in order to develop our technology and prototype.We will not be able to deliver a working version of our product to our corporate partners if we cannot raise debt or equity financing. Mowing along roadsides should occur in late summer (August 1-31) to allow most nesting birds and small mammals to successfully rear their young. trees, people), and collect and apply data to further optimize for precision and efficiency. Developing our prototype to . PreIPO Buzz is not a registered broker-dealer. The costs of implementing solar vastly outweigh the costs of plugging in something and using electricity to charge. Cytonics has received over $15M in funding to-date, including $1.8M in grants from the National Institute of Health and a $4M investment from Synthes (a Johnson and Johnson company). Graze is both a hardware and a software company. "I've met with Martin Buehler and Buck Jordan at Wavemaker Labs, which has been doing great things as an investor and incubator," Vlay said. You should carefully review any disclosure regarding the company's use of proceeds. Electric, fully autonomous commercial lawn mower. As with other investments, there is no guarantee that investments will be immune from fraud. Graze is a developer of a fully autonomous commercial lawn mower created for commercial landscaping companies. Moreover, no person nor any other person or entity assumes responsibility for the accuracy and completeness of forward-looking statements, and is under no duty to update any such statements to conform them to actual results. investment amount. Frankly I'm surprised automatic mowers aren't more popular. the global landscaping and gardening market is poised to grow at a CAGR of 7% through at least 2024, indicating the industry could grow to $140 billion domestically at that time. Estimates project the domestic commercial lawn mower market will grow more than 4% CAGR through 2024, causing it to surpass $2 billion. As we say at Money & Mimosas, cash is king, but cash flow is queen. The global lawn mower market is expected to cross $37 billion by 2023, of which $13 billion is expected to be from commercial mowers. By streamlining the mowing process and enabling businesses to run like clockwork, Graze intends to increase landscaping margins through robotic mowers that are 100% autonomous I considered getting it, but I decided to hire a gardener since I had more than just the lawn to take care of. To learn more about startup investment types check out How to Choose a Startup Investment in our academy. Didn't/wouldn't. Some potential benefits of mowing include: weed management, enhancing forage quality and reducing grazing patterns. Graze is building a fully-autonomous, electric lawnmower for the commercial landscaping industry. A Graze mower consists of two large sections. Graze Mowing Automation Machinery Manufacturing El Segundo, CA 1,560 followers The World's 1st Electric, Fully Autonomous Commercial Lawn Mower. No. Mystic Holding Inc. (OTCQX: MSTH) Cannabis/Cultivation, Production, Retail. Specifically, Graze has signed LOIs from Mainscape, Sundale Country Club and Mirandas Landscape. That service is necessary to keep the mower up-to-date and functioning. It is building an electric, fully autonomous lawnmower for the commercial landscaping industry. It has less than 1000 investors now and little over 1mil in investments. It is advised that you consult a tax professional to fully understand any potential tax implications of receiving investor perks before making an investment. What makes Graze such an exciting opportunity? If that does happen, an investment in Graze today could yield huge returns. Investment in personnel. Not all companies displayed will be available in the future. Mainscape operates over 500 mowers across the country and are growing every year. We are still developing our minimum viable product that will go into mass production. Win whats next. Companies seeking startup investments through equity crowdfunding tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. Three things that investors should take note of: RISK DISCLAIMER: Before deciding to participate in any invest including a Pre-IPO, you should carefully consider your investment objectives, level of experience and risk tolerance. Estimates are tough to find, but there are about13 million commercial lawnmowersin the U.S. Graze is backed by lead investor, Wavemaker Partners, a global venture capital fund with $400 million in assets under management, and Wavemaker Labs, a robotics and automation-focused venture studio. Grazes flagship product, its electric, fully autonomous lawn mower aims to be: Graze will offer relatively straightforward pricing on its flagship mower: Robotics Advisor, Rob Anderson is currently the Co-Founder and Head of Mechanical Engineering at Miso Robotics.