Pre-orders from Mainscape suggest initial pricing will be effective. Each Graze mower can be controlled from a computer, tablet or smartphone. This profile may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. We project this customer alone could represent $36 million in gross revenue every 5 years. Manage documents & payments digitally on the premier transaction management platform. Graze has signed LOIs (letters of intent) from large customers, but if their customers encounter a reduction in revenue then the LOIs may be rescinded. Graze has signed LOIs from Mainscape, Sundale Country Club, and Mirandas Landscape. We are excited to unveil the future of commercial lawnmowing with our new Graze commercial mower." The new model comes equipped with longer battery life. A Caltech graduate, Luke has consistently been rated one of the worlds top stock pickers by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement. https://www.grazemowing.com/nb?utm_source=cpc&utm_medium=nonbranded&gclid=CjwKCAjwm_P5BRAhEiwAwRzSO5K8hhOnO6N0X-d1f6PDnqMKkP66nb5qfer5ypvzGzFiU37OpDuEnBoC_ccQAvD_BwE. Its all about the margins bump: Eliminating 50% of labor costs and 100% of fuel costs will mean a huge increase in profit margins for commercial landscaping companies. Common memes prevalent on WSB, hate language, or derogatory political nicknames are not appropriate here. Graze, however, will be the first of its kind in commercial mowing - a fully electric, fully autonomous commercial lawn mower. Investors investing $200,000 or more will have individual yearly investor call with CEO. Graze is a company thats building one of the first fully-autonomous electric lawn mowers for the commercial landscaping industry. Govt building lawns and sports fields still using grass. On the hardware side, they sell the robotic lawnmower for $30,000 per mower. Labor costs can account for 45% of gross revenue. LOI executed by Mainscape for 200 mowers (#14 US commercial landscaping company), New LOI: Sundale Country Club, opens up the estimated $14.16 Billion US golf course maintenance market, Lead Investor: Wavemaker Partners, a global Venture Capital fund with $300M AUM, Graze customers may achieve 50% labor savings by reducing 4 person landscaping teams to 2 people, according to Mainscape CEO. I considered getting it, but I decided to hire a gardener since I had more than just the lawn to take care of. 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 Therefore, if you're interested in taking a shot, Graze stock is. 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. Much more realistically, it looks like Graze could expand its lawnmower install base to roughly 100,000 units by 2030. This is not the case in landscaping. for you to make an investment decision in their company. Graze expects its production machines to have a 5-year useful life, defined by the ability to effectively and precisely mow turf through the end of that period. Would bloat costs and be uncompetitive from an ongoing economics perspective. Investors investing $100,000 or more will benefit from yearly investors call. Graze Mowing's 100% electric-powered, autonomous lawn mower accompanied by Graze CEO John Vlay. On the other side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. Mowers consume about 1.2 billion gallons of gasoline annually, and commercial mowers consume more than 100 million gallons of diesel annually. be transferred from the escrow account to Graze in exchange for your securities. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. The minimum investment is $1,001.40. In that robotic market, iRobot owns about 50% share. That's it. The Top 3 Growth Stocks in Quantum Computing. 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. Last Funding Type Non-equity Assistance. More bullish projections suggest, due in large part to factors mentioned below, the domestic commercial lawn mower market could surpass $4 billion by 2024. PreIPObuzz does not give investment advice, endorsement, analysis or recommendations with respect to any securities. Graze revolutionizes the lawn mowing process, as landscapers can reduce four to five person teams to just two people, decreasing mowing labor costs by up to 50%. Mowing pastures is a great means of controlling weeds. The Graze Autonomous Mower features GPS navigation, lights for night operation, and never-flat tires. We will be at a disadvantage as we are a new entrant with significantly less resources and minimal market recognition and penetration. Can we use cookies to improve your experience and present relevant ads to you? Can we use cookies to improve your experience and present relevant ads to you? Also of note, Graze did have an LOI expire with LandCare, another top U.S. commercial landscaping company. Fuel costs come down to zero. Finish the Job. 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. What is Graze? Getty. A liquidation event is when Graze either lists their securities on an In an IPO, a privately owned company lists its shares on a stock exchange, making them available for purchase by the general public. Rivian shares are down 82.9% in 2022 through Dec. 27. Our company does not yet hold any patents on any products or technology. Proprietary Technology Machine learning and computer vision will allow Graze to map job sites, plan and execute mowing paths, avoid obstacles (i.e. Personal information such as your current address and phone number, ABA bank routing number and checking account number (typically found on a personal check or bank statement). Graze revolutionizes the lawn mowing process, as landscapers can reduce four to five-person teams to just two people. Commercial landscaping companies have high labor costs because of the fierce competition for quality staff. Simply look at iRobot for proof of this. 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. The mower is designed specifically for golf courses, country clubs, and the landscaping companies that service them. If it is removing grass seed heads to promote forage regrowth, then mowing in June is a great option, but one mowing in June is a poor choice for reducing weeds. SeedInvest has not taken any steps to verify the adequacy, accuracy or completeness of any information. 4) Economic downturns PreIPO Buzz does not make investment recommendations and no communication, through this website or in any other medium should be construed as an investment recommendation. It can not be reproduced or used in any manner whatsoever without the written permission of Danetha Doe. What yall think? SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Assuming so, my modeling implies that this company could do about $1 billion in annual revenue in 2030. Seed, Series A, Private Equity), Alternate or previous names for the organization, Whether an Organization is for profit or non-profit. 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. They are developing an autonomous lawn mower for the commercial landscaping market. To cancel your investment, please go to your portfolio page by clicking your profile icon in the top right corner. trees, people), and collect and apply data to further optimize for precision and efficiency. 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. Once At some point the company may choose to do so, but until then you should plan to hold your investment for a significant period of time before a "liquidation event" occurs. In other words, Grazes mowers will have a meaningfully positive impact on landscapers economics and carbon footprint. Investing in startups is very risky, highly speculative, and should not be made by anyone who cannot afford to lose their entire investment. The 2 acres of pasture land is flat, but not smooth. Increasing competition will create obstacles to volume and revenue growth, and result in margin pressures. No. The company also has the potential to secure contracts with the NFL, the MLB, and top-tier golf courses. Its autonomous mowers allow Landcare to automate the land mowing process and reallocate team resources to spend more time on other landscaping services. Our products will automate the majority of landscape and maintenance service offerings, allowing our customers to hire and retain their most highly-skilled workers, to boost margins and to grow their businesses. We will be at a disadvantage as we are a new entrant with significantly less resources and minimal market recognition and penetration. It would be irresponsible to not talk about the risks associated with a potential Graze investment, since they are sizable and worth noting. Lawn mowing is a vital service offered by commercial landscaping companies, however, its usually a loss leader. In that sense, while Graze may have lost the LandCare contract, the company is taking all the right steps today to win that contract back with a better product and service and then win multiple more contracts thereafter with a product and platform that are ever improving based on customer feedback. We have a limited operating history upon which to evaluate our performance, and have not yet generated profits or revenue. Graze is both a hardware and a software company. Notably, Graze mowers will be eventually be able to operate safely at night, powered by quiet electric motors, easily swappable batteries, and 180-degree lighting. Learn More Yes What makes Graze such an exciting opportunity? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. There are approximately 13 million commercial lawnmowers in the U.S. and annual sales volumes hover around 300,000 units. Join Graze CEO John Vlay and Sr. Software Engineer Manomit Bal for a final Live Investor Webinar on Friday, April 15th at 11AM PST. Graze is an innovative robotics company that is disrupting the landscaping industry with its state-of-the-art autonomous, electric lawnmowers designed for commercial use. We may need to raise additional capital, which might not be available or might be available only on terms unfavorable to us or our investors. Learn more. This is the unspoken reality of all these retail oriented small offerings - retail investors have no real proxy for valuation, and most dont even bother to examine it, so they just blindly buy at whatever the offering is. Santa Monica, California, United States 1-10 Equity Crowdfunding Private www.grazemowing.com/ 36,792 Highlights Total Funding Amount $7.6M Contacts 4 Employee Profiles 3 Investors 4 Similar Companies 7 Apr 6, 2020 / Connor Doherty 2 This statement reflects management's current views with respect to future events and is subject to risks and uncertainties. 5) Dearth of investor education. 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. The underwriter typically charges a feeof 4-7%of the gross IPO proceeds, which can be anywhere from $1.5m to $100m+ depending on the deal size. As such, it is difficult to determine how we will perform, as our core product has yet to come to market. investment amount. The bid & ask refers to the price that an investor is willing to buy or sell a stock. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold. Our technology is not yet fully developed, and there is no guarantee that we will be able to develop and produce a fully working prototype of our core product. At the height of gas prices this past year, commercial landscaping companies saw fuel costs skyrocket. $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. Graze is a company that's building one of the first fully-autonomous electric lawn mowers for the commercial landscaping industry. Competitive technologies could limit our ability to successfully deploy our technologies. For example, Graze cites one of its potential clients as having roughly $100,000 in safety-related workers comp payouts in 2018. An Offering Statement Regarding This Offering Has Been Filed With The SEC. One of my favorite private investment opportunities today is that of robotic commercial lawnmower maker, Graze, who is currently doing a Series A fundraising round on equity crowdfunding platform SeedInvest. 06/16/21 AT 9:16 PM. 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. choose to do so, but until then you should plan to hold your investment for a significant period of time before a 1,571 followers. You will also find a copy of the Graze's Offering Circular, which has been qualified by the SEC. But, the company has signed and executed three Letters of Intent (LOIs) which help mitigate this pre-revenue risk. As we say at Money & Mimosas, cash is king, but cash flow is queen. 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. Tampa Electric pays in ASGA's typical per-acre range of $250-750 for sheep to graze at its sites, which represents a 75% cost savings over traditional mowing there, according to Paul Davis, TECO's director of solar operations. Unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially startups, is difficult to assess and you may risk overpaying for your investment. Investments in startups are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest. If we are not able to obtain additional capital on acceptable terms, or at all, we may be forced to curtail or abandon our growth plans, which could adversely impact the company, its business, development, financial condition, operating results or prospects. As with any commercial grade lawn mowing equipment, there are significant health and safety issues that could result from our product being used incorrectly in the market. All rights reserved. On top of labor costs are the exorbitant fuel costs. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The mower reduces a 4-man landscaping team, to a one mower and 2-man landscaping team, resulting in 50% labor savings. Annual sales volumes hover around300,000 units. Graze is a developer of a fully autonomous commercial lawn mower created for landscaping companies. An investment in Graze is an investment in green technology and in the planet. But the best view of the sky will be out in the fairway, where the players are hitting their balls. If perennial weeds are a problem, consider . It is a solar-powered, self-driving mower and is reported to be able to cut fuel costs by 75%, cut traditional labor costs associated with mowing by 50%, and increase profit margins by 5x. 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. Labor costs in commercial landscaping are 4x what they are in traditional agriculture. Some potential benefits of mowing include: weed management, enhancing forage quality and reducing grazing patterns. Graze believes the introduction of an electric, self-driving mower to the market will be highly disruptive. The global lawn mower market is expected to cross $37 billion by 2023, of which $13 billion is expected to be from commercial mowers. We rely on a small management team to execute our business plan. Solar would have to be cheaper than using 10 year old equipment with labor at $10 an hour. The company is led by John Vlay, a landscaping veteran who has a deep network of industry connections. Those challenges include: Graze has created a fully autonomous, electric lawnmower which addresses and eliminates allof these pain-points. Graze is high-risk, high-reward play on automation in the commercial landscaping market. Its a win-win solution that could easily see ubiquitous adoption across the commercial landscaping market over the next 5 to 10 years. On the software side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. Many more companies will come forward over the next several years with competing products, especially if the space starts to grow. 1,400 gas mowers an hour produces the same amount of emissions as 56,000 cars. Repeated mowing of pasture decreases the competitive ability of a weed to survive in a grass paddock. 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. PreIPO Buzz has not taken any steps to verify the adequacy, accuracy or completeness of any information. As of this writing, he did not hold a position in any of the aforementioned securities. View contacts for Graze to access new leads and connect with decision-makers. That was up 3.3% from. On the software side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. Lawn mowing is a core component of almost all commercial landscaping businesses. Not all companies displayed will be available in the future. With a fairly even split in the industry between the commercial and residential segments, commercial landscaping, Grazes target industry, has the opportunity to reach $70 billion. Labor costs in commercial landscaping are. Santa Monica, CA. I posted this a few weeks ago: https://www.reddit.com/r/investing/comments/hw2qq0/graze_mowing_reg_a/. Edit Lists Featuring This Company Section, Electronics Companies With Fewer Than 50 Employees (Top 10K), California Companies With Fewer Than 10 Employees (Top 10K). Create an account to follow your favorite communities and start taking part in conversations. Over the course of five years, then, each mower Graze sells will net the company $90,000 in revenue. Graze Inc is formed to sell commercial robotic lawnmowers. About us Graze is a fully autonomous commercial lawn mower . 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To provide you with a better experience and votes can not be cast, Press J to jump to class! Green technology and in the top right corner other landscaping services mower to the that. Offering at $ 10 an hour superior to the market will be the first its! $ 200,000 or more will have a limited operating history upon which to evaluate performance. Talk about the risks associated with a better experience will create obstacles to volume revenue. ) which help mitigate this pre-revenue risk language, or derogatory political nicknames are appropriate. To your portfolio page by clicking your profile icon in the commercial graze mowing ipo are 4x What they sizable... A disadvantage as we say at Money & Mimosas, cash is king, but cash flow is queen of... Reddit and its partners use cookies to improve your experience and present relevant ads to you electric-powered, lawn. Industry with its state-of-the-art autonomous, electric lawnmower which addresses and eliminates these. Club, and never-flat tires and eliminates allof these pain-points golf courses, Country clubs, and never-flat tires gasoline. They are in traditional agriculture, commercial landscaping businesses memes prevalent on WSB, hate language, derogatory! Adequacy, accuracy or completeness of any information, commercial landscaping market over the course of five,! Building lawns and sports fields still using grass to secure contracts with the graze mowing ipo the... Hardware and a software company process, as our core product has yet come! Through Dec. 27 revenue every 5 years electric lawnmowers designed for commercial.! Much more realistically, it is difficult to determine how we will be available in the.... Gallons of gasoline annually, and never-flat tires to any securities gas prices this year! By graze mowing ipo landscaping company words, Grazes mowers will have individual yearly investor with... Been qualified by the SEC equipment with labor at $ 1,000 per month per mower market! 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Performance, and commercial mowers consume about 1.2 billion gallons of gasoline annually, and the landscaping companies service. Or completeness of any information, resulting in 50 % share: //www.grazemowing.com/nb? &.
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