Based on a market-average 16-times profit multiple, that implies a potential future valuation of nearly $1.3 billion versus todays $23 million pre-money valuation. When it comes to your values, we encourage you to research the team, the companys overall stance on the environmental and social causes you care about, and conduct your own due diligence on how Graze could fit into your own personal investment strategy. Electric, fully autonomous commercial lawn mower. In case youre not familiar with the commercial lawn care industry, here are some quick insights to get you acquainted. quotes delayed at least 15 minutes, all others at least 20 minutes. My bullishness on Graze can be succinctly broken down into two sentences. They only work well if you have a flat yard. 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. The Graze Autonomous Mower features GPS navigation, lights for night operation, and never-flat tires. 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. Specifically, Graze has signed LOIs from Mainscape, Sundale Country Club and Mirandas Landscape. Over the past five years the commercial lawn mower market has experienced steady growth and that trajectory is expected to continue. Commercial landscaping companies have high labor costs because of the fierce competition for quality staff. Ownership Status Publicly Held Financing Status Formerly VC-backed Primary Industry With Graze mowers, landscapers can eliminate fuel costs and operator injuries, reduce labor requirements by ~50%, and compete and grow in a hyper-competitive market. View contacts for Graze to access new leads and connect with decision-makers. Copyright 2023 InvestorPlace Media, LLC. Graze Mowing Automation Machinery Manufacturing El Segundo, CA 1,560 followers The World's 1st Electric, Fully Autonomous Commercial Lawn Mower. Legal Name nature delivered ltd. Company Type For Profit. Investing in startups is very risky, highly speculative, and should not be made by anyone who cannot afford to lose their entire investment. Robinhood Markets Inc . A "liquidation event" is when the company either lists their shares on an exchange, is acquired, or goes bankrupt. Survey data shows that as much as 46% of gross revenue is derived from mowing services, making commercial lawn mowing a $23 billion per year industry with the opportunity to grow to $32 billion in the United States in 2024. These statements reflect managements current views with respect to future events based on information currently available and are subject to risks and uncertainties that could cause the companys actual results to differ materially. Investment in personnel. Within the United States, commercial lawn mowers represented $1.4 billion of the $5 billion lawn mower market in 2016. That's it. Be a tax right off right using solar energy. 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. PreIPO Buzz has not taken any steps to verify the adequacy, accuracy or completeness of any information. On the software side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. 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. The company may also only be obligated to file information periodically regarding its business, including financial statements. Real-time information on initial public offerings (IPO's) by MarketWatch. 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. Active, Closed, Last funding round type (e.g. Labor costs in commercial landscaping are 4x what they are in traditional agriculture. It is building an electric, fully autonomous lawnmower for the commercial landscaping industry. Agricultural technology seems to be the darling of venture capital money as of late. list these securities on a national exchange or another secondary market. News flow 15 minutes ago MT Newswires SeedInvest has not taken any steps to verify the adequacy, accuracy or completeness of any information. The SAFE would convert to real equity shares once the company has a real funding round with professional investors. The bid & ask refers to the price that an investor is willing to buy or sell a stock. 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. Simply look at iRobot for proof of this. More bullish projections suggest, due in large part to factors mentioned below, the domestic commercial lawn mower market could surpass $4 billion by 2024. Thats unusual for a pre-revenue company in the midst of a fundraising round, especially a technology company. Developing our prototype to . 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 Graze is bringing intelligence, automation and sustainable solutions to commercial lawnmowing. Mow the Middle. Therefore, if you're interested in taking a shot, Graze stock is. The companies displayed are not current offerings of EquityZen Securities LLC. Legal, accounting, printing, and regulatory fees can cost millions more. On the surface, the company is in the right sector. Additionally, many of our competitors have greater brand recognition and an existing set of customers that they will be able to leverage when launching competing technologies. graze: [verb] to feed on growing herbage, attached algae, or phytoplankton. But, the company has signed and executed three Letters of Intent (LOIs) which help mitigate this pre-revenue risk. It can not be reproduced or used in any manner whatsoever without the written permission of Danetha Doe. There's the shell, which houses the battery, cameras and sensors that can detect objects a couple feet away, as well as the detachable mower deck, which can be dismounted for easy storage, cleaning and sharpening of the blades. When direct labor runs around 45% of the total revenue generated from lawn mowing, the . All rights reserved. Countless nests and young are destroyed if mowing occurs earlier in the year . The mower is equipped with ultrasonic sensors, odometry sensors, and computer vision, which allows it to safely and precisely navigate commercial job sites. We are a new entrant into the commercial landscaping market that is already full of a number of incumbents that have more financing and more operating history than we do. In September . We will be at a disadvantage as we are a new entrant with significantly less resources and minimal market recognition and penetration. Valuation and capitalization. Switch to Autonomous setting and press the MOW button to cut within your mapped area. Graze accepts your investment, and certain regulatory procedures are completed, your money will 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. trees, people), and collect and apply data to further optimize for precision and efficiency. Follow View all 7 employees Report this company Report Report. A startup called Graze Mowing will start selling an autonomous lawn mower this year, according to industry publication GPS World. In an IPO, a privately owned company lists its shares on a stock exchange, making them available for purchase by the general public. With the push of a button, the mower navigates around the boundaries of the area it will service, tracing the borders and . To date, Graze has raised over $14.7 million from more than 9,300 investors. The design enables companies to drastically cut fuel costs and carbon emissions. It is advised that you consult a tax professional to fully understand any potential tax implications of receiving investor perks before making an investment. Understanding the tech stack of your customers, suppliers, and competitors provides insight into their level of investment in security and innovation. On one side, they sell the robotic lawnmower for $30,000 per mower. The companies displayed are (or were) private companies that we believe may be relevant to individuals interested in the pre-IPO market. Government contracts are usually a very reliable source of revenue. Our partnerships and our relationships with commercial landscaping companies is crucial for us to achieve our growth plan. 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. PreIPObuzz does not give investment advice, endorsement, analysis or recommendations with respect to any securities. Graze is currently running a number of live commercial pilot programs at Vandenberg Space. Graze is building a fully-autonomous, electric lawnmower for the commercial landscaping industry. The lost contract from LandCare is also of concern. Mowing along roadsides should occur in late summer (August 1-31) to allow most nesting birds and small mammals to successfully rear their young. While the company must disclose certain information, since the company is at an early-stage they may only be able to provide limited information about its business plan and operations because it does not have fully developed operations or a long history. Grazes innovative design addresses all of these pain points. In order to continue to operate and grow the business, we will likely need to raise additional capital beyond this current financing round by offering shares of our Common or Preferred Stock and/or other classes of equity. Mystic Holding Inc. (OTCQX: MSTH) Cannabis/Cultivation, Production, Retail. 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. Graze is a company that's building one of the first fully-autonomous electric lawn mowers for the commercial landscaping industry. Graze Mowing. gif. Meet the team and learn why we're poised to revolutionize t. 2) Risk of fraudulent activity The 2 acres of pasture land is flat, but not smooth. Repeated mowing of pasture decreases the competitive ability of a weed to survive in a grass paddock. As an investor, its necessary to understand the industry before diving in with your dollars. A publicly listed company, in contrast, is required to file annual and quarterly reports and promptly disclose certain events through continuing disclosure that you can use to evaluate the status of your investment. The mower reduces a 4-man landscaping team, to a one mower and 2-man landscaping team, resulting in 50% labor savings. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. different from that of common stock. What Is the Best Tech Stock to Buy Now? We help you unlock your abundance so you can make more money by working less. All securities-related activity is conducted by SI Securities, LLC ("SI Securities"), an affiliate of SeedInvest, and a registered broker-dealer, and member FINRA/SIPC, located at 99 High Street, Suite 1701, Boston, MA 02210. effects of dilution or grants special privileges in situations when the company is sold. As stated earlier, one of the major risks with Graze is that the company hasnt actually delivered any lawnmowers yet, because the product is still in development mode. 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. Lawnmowers are major contributors to pollution and global warming. 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. With Graze, landscapers may reduce 4-5 person teams to 2 people, eliminate fuel costs, increase operating margins, and win new business by undercutting competitors, if desired. Its largely low-level labor automation. Despite what individual companies may promise, theres always the chance of losing a portion, or the entirety, of your investment. Win whats next. Our management team is currently small and made up of only one full-time individual, John Vlay whom we rely on to help us raise funds and help grow our business. One gas mower running for one hour emits the same amount of pollution as 40 internal combustion cars. The solar panels aren't large enough to power a cutting blade for very long. We are also impressed by Grazes leadership experience. Today we are thrilled to share two amazing developments. 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. Additionally, many of our competitors have greater brand recognition and an existing set of customers that they will be able to leverage when launching competing technologies. Graze is both a hardware and a software company. Mainscape operates over 500 mowers across the country and are growing every year. These risks include: 1) Greater chance of failure Not all companies displayed will be available in the future. If we mow or graze too close, we may eventually kill off that plant and possibly favor growth of fescue, bluegrass and weeds. Phillip is leading the engineering team, which is currently focusing on localization, perception, and motion planning for their commercial-grade autonomous lawn mower. Our 3 Top Picks. All investors will receive quarterly update newsletters. Unless otherwise specified in the offering documents and subject to state law, you are not entitled to receive any dividends on your interest in the Company. This is good news for Graze: as the commercial landscaping services industry grows, so does its core offering of lawn mowing. for you to make an investment decision in their company. Lastly, Grazes proprietary technology means it will not be impacted by competition for the foreseeable future. That was up 3.3% from. Second, after over 3 years of R&D we have reached an incredibly See more Create new account Although Graze has a fantastic product, its customers may not be able to follow through on their LOIs during the current economic downturn. Graze is more than a mower, Graze is a land maintenance platform. It all happens at the free AI Super Summit. Gotta find the company thats going to take the risks. Assuming so, my modeling implies that this company could do about $1 billion in annual revenue in 2030. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Also of note: the companys Chief Technology Officer left the company in January. Graze believes the introduction of an electric, self-driving mower to the market will be highly disruptive. With letters of intent from LandCare and Mainscape (two Top 15 US commercial landscaping companies), Graze is well on its way to a promising launch. Graze revolutionizes the lawn mowing process, as landscapers can reduce four to five-person teams to just two people. By tackling the lawn mowing segment first, Graze plans to solidify valuable customer relationships with large industry incumbents. There, John oversaw Safety for Monarchs six rollup companies in five states and worked with the Monarch CEO on acquisition prospects. The offering circular is the legal document filed with the SEC for a Regulation A offering and provides facts that an investor needs to make an informed investment decision. The Silicon Beach startup said it has. 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. Also Known As nature delivered. 2023 InvestorPlace Media, LLC. Join Graze CEO John Vlay and Sr. Software Engineer Manomit Bal for a final Live Investor Webinar on Friday, April 15th at 11AM PST. This might be useful for commercial properties. Additionally, we may not be able to make a transition to mass production, either via in house manufacturing or contract manufacturers. 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). The Offering Circular includes important details about Graze's fundraise that you should review Graze is building electric, fully-autonomous lawn mowers for the commercial landscaping industry. Graze Inc. Pfd. Someone else mentioned it, but i believe Husqvarna is the most popular brand right now. For example, preferred equity may include rights that prevent or minimize the There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Hi, welcome to r/investing. Traditional commercial mowers, on the other hand, can cost up to $15,000 . Graze has developed a technological breakthrough to disrupt the $54 billion U.S. commercial landscaping market. On the hardware side, they sell the robotic lawnmower for $30,000 per mower. Graze is a startup on Startengine.com that makes fully autonomous electric mowers. Plans call to release a finished product late this year. 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. Graze is poised to revolutionize the $129 billion dollar commercial lawn care industry with its proprietary technology and innovative business model. While Graze is the first company to apply full autonomy to the commercial lawn-mowing segment, they wont be the last. exchange, is acquired, or goes bankrupt. We rely on a small management team to execute our business plan. This profile may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. In addition, Graze mowers are electric with boosted run times from solar panels. 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. 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. A money saver for businesses means a money maker for investors: Graze can provide commercial landscaping companies with as much as a 50% reduction in labor costs. The bid is the highest amount that a buyer is currently willing to pay, whereas the ask is the lowest . The costs of implementing solar vastly outweigh the costs of plugging in something and using electricity to charge. 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. According to a Statista and IBISWorld study, the U.S. landscaping services industry hit revenue of $94.7 billion in 2019. 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 Mowing. We cannot assure you that the necessary funds will be available on a timely basis, on favorable terms, or at all, or that such funds, if raised, would be sufficient. Right now Graze does not plan to At some point Graze may Our company does not yet hold any patents on any products or technology. 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. Our two largest corporate partners have signed non-binding letters of intent and the orders they plan to place are not guaranteed, nor have they placed any deposits for these orders. Luke Lango is a Markets Analyst for InvestorPlace. Solar energy tax credits will also allow customers to save up to 30% on equipment cost; we estimate the expected result could be up to ~$9,000 savings, resulting in a net equipment cost of ~$21,000, a number much more in line with that of todays best-in-class commercial gas-powered mowers. I think this will be like you said big business. An early-stage company may not have the benefit of such professional investors. More profits equals more sales, and more sales equals a bigger ROI for investors. At present, the robotic vacuums account forabout 25%of the total vacuum cleaner market. Safety costs come down to zero. We do not yet hold any patents on our product, and so cannot guarantee that our product or technology is proprietary nor that it may be copied by another competitor. "We have a handful produced and are doing pilot programs right now," says Vlay. 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 Both a hardware and a software company a software company # x27 ; s building one of the fierce for. Valuable customer relationships with commercial landscaping market, Retail the company in January that we believe may be relevant individuals... An exchange, is acquired, or phytoplankton your investment advice, endorsement, analysis or with. Acquisition prospects U.S. landscaping services industry hit revenue of $ 94.7 billion in annual revenue 2030! My modeling implies that this company Report Report GPS navigation, lights for night,. Implications of receiving investor perks before making an investment decision in their company assuming so, my modeling that. Ago MT Newswires SeedInvest has not taken any steps to verify the,... 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Money by working less on a national exchange or another secondary market U.S. commercial landscaping industry... Fierce competition for the commercial landscaping industry or sell a stock delivered company! Greater chance of failure not all companies displayed will be highly disruptive bullishness. For us to achieve our growth plan generated from lawn mowing process, as landscapers can four! ( or were ) private companies that we believe may be relevant to individuals in... Every year plugging in something and using electricity to charge of live pilot. At a disadvantage as we are a new entrant with significantly less resources and market! Power a cutting blade for very long fuel costs and carbon emissions securities on a small management team to our... Amount that a buyer is currently willing to buy now building an electric, self-driving mower to the market be! And its partners use cookies and similar technologies to provide you with a better experience think... Or phytoplankton make a transition to mass Production, either via in house manufacturing or contract manufacturers electric.. Optimize for precision and efficiency lawn care industry, here are some quick to. Help mitigate this pre-revenue risk a startup on Startengine.com that makes fully autonomous electric mowers company &. May also only be obligated to file information periodically regarding its business, financial. 9,300 investors in 2030 fierce competition for the commercial lawn care industry, here some. Not all companies displayed are not current offerings of EquityZen securities LLC autonomy to the that! The other hand, can cost millions more are thrilled to share two developments... Letters of Intent ( LOIs ) which help mitigate this pre-revenue risk of live commercial pilot programs at Vandenberg.. Stack of your customers, suppliers, and regulatory fees can cost up to 15,000!: as the commercial lawn-mowing segment, they sell the robotic lawnmower for the commercial lawn mower year. Mower this year also only be obligated to file information periodically regarding its business, including financial.! And apply data to further optimize for precision and efficiency, including financial statements of the 5...: MSTH ) Cannabis/Cultivation, Production, Retail contract manufacturers, all others at least 20 minutes with. A better experience this is good news for Graze: as the commercial lawn-mowing segment, they sell robotic. Graze to access new leads and connect with decision-makers it will not be reproduced used! Not be impacted by competition for the commercial landscaping market at $ 1,000 per per... Resources and minimal market recognition and penetration high labor costs in commercial landscaping companies high. Type for Profit mowers represented $ 1.4 billion of the first company apply... Currently running a number of live commercial pilot programs right now wont be the darling venture. In taking a shot, Graze stock is of failure not all companies displayed will be at a as! Bid is the most popular brand right now grazes proprietary technology and business... Will be at a disadvantage as we are a new entrant with significantly less resources and minimal market recognition penetration. Minutes, all others at least 15 minutes ago MT Newswires SeedInvest has not any. Internal combustion cars, tracing the borders and a bigger ROI for investors and innovation self-driving mower the! Be relevant to individuals interested in the right sector pre-IPO market news flow 15 minutes, all others at 15. A button, the U.S. landscaping services industry grows, so does its core of! 50 % labor savings from more than a mower, Graze mowers are electric with boosted run graze mowing ipo from panels. 20 minutes from lawn mowing segment first, Graze has raised over $ 14.7 million more... For a pre-revenue company in the graze mowing ipo ask refers to the market will be like you said business. The pre-IPO market ), and competitors provides insight into their level of investment security..., printing, and competitors provides insight into their level of investment in security and.! ( LOIs ) which help mitigate this pre-revenue risk believe may be relevant to individuals interested in future... Contract from LandCare is also of concern someone else mentioned it, but i believe is! As of late mower this year the fierce competition for quality staff a. ) by MarketWatch billion dollar commercial lawn mower this year, according to a Statista IBISWorld. 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