graze mowing ipo

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. As of this writing, he did not hold a position in any of the aforementioned securities. Its largely low-level labor automation. 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. Pre-orders from Mainscape suggest initial pricing will be effective. 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. Graze Mowing. In other words, Grazes mowers will have a meaningfully positive impact on landscapers economics and carbon footprint. If we graze or mow higher, we favor orchardgrass growth and allow all the grasses to continue leaf development without the roots ceasing growth to produce new leaves. Copyright Thats unusual for a pre-revenue company in the midst of a fundraising round, especially a technology company. GRAZ: Graze Inc - Stock Price, Quote and News - CNBC Get Graze Inc (GRAZ:OTCPK) real-time stock quotes, news, price and financial information from CNBC. Please enable JavaScript in your browser settings and refresh the page. Graze, the 100% electric lawn mower, is addressing labor shortages and environmental waste issues in the $129 billion commercial landscaping industry. He designed/built one of San Francisco Bay Areas first green roofs at the GAP headquarters and oversaw the iconic California Academy of Sciences two-and-a-half acre green roof in Golden Gate Park. An investment in Graze is an investment in green technology and in the planet. Switch to Autonomous setting and press the MOW button to cut within your mapped area. The Offering Circular includes important details about Graze's fundraise that you should review This is good news for Graze: as the commercial landscaping services industry grows, so does its core offering of lawn mowing. Join Graze CEO John Vlay and Sr. Software Engineer Manomit Bal for a final Live Investor Webinar on Friday, April 15th at 11AM PST. Please contact the moderators of this subreddit if you have any questions or concerns. But these lawnmowers, outfitted with similar hardware used to . And become more affordable as they progress so get in while we can. Santa Monica, CA. 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. A combination of machine learning and computer vision from a robust sensor suite will allow Graze to map job sites, plan and execute mowing paths, avoid obstacles (i.e., trees, power converters, people), and collect and apply data to further optimize for precision and efficiency. We will be at a disadvantage as we are a new entrant with significantly less resources and minimal market recognition and penetration. That service is necessary to keep the mower up-to-date and functioning. They only work well if you have a flat yard. Fuel costs come down to zero. It is building an electric, fully autonomous lawnmower for the commercial landscaping industry. 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. Its a win-win solution that could easily see ubiquitous adoption across the commercial landscaping market over the next 5 to 10 years. 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. A major win for the environment. 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. This is Graze's fundraising profile page, where you can find information that may be helpful 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. The global lawn mower market is expected to cross $37 billion by 2023, of which $13 billion is expected to be from commercial mowers. The process of investing is really easy. Additionally, we may not be able to make a transition to mass production, either via in house manufacturing or contract manufacturers. Although Graze has a fantastic product, its customers may not be able to follow through on their LOIs during the current economic downturn. 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. As such, it is difficult to determine how we will perform, as our core product has yet to come to market. quotes delayed at least 15 minutes, all others at least 20 minutes. The $54 billion commercial landscaping industry in the US is a very manual, low-skilled, and low margin sector. 1125 N. Charles St, Baltimore, MD 21201. Once 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. JavaScript must be enabled to use this site. Skip Navigation watchlive Markets. The land also has a couple of trees, but no small trees. Investment in personnel. Most importantly, do not invest money you cannot afford to lose. Graze is a developer of a fully autonomous commercial lawn mower created for commercial landscaping companies. Graze raised roughly $14.4 million of a $15 million goal for its robotic mowing initiative through crowdfunding as it rolls out multiple pilot programs using the tech. 5) Dearth of investor education. Husqvarna has one already and if iRobot doesn't they certainly could. Real-time information on initial public offerings (IPO's) by MarketWatch. PreIPO Buzz is not a registered broker-dealer. Win whats next. 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. As a member of Vistage, a CEO advisory group, John has gained insights into many varied businesses and is currently involved with two other landscape related companies with unique patented products. Landscapers Average: 45% Mowing labor costs with less than 10% profit margin. The solar panels aren't large enough to power a cutting blade for very long. A copy of the Final Offering Circular that forms a part of the Offering Statement may be obtained both here and below. The best companies in the industry generate only ~10% margins from mowing as rising wages and labor shortages drive costs up and heavy competition drives prices down. 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. Im tempted to buy in but Ive never invested in an individual company like that. 1,400 gas mowers an hour produces the same amount of emissions as 56,000 cars. From there, the website will walk you through the seamless process of becoming an investor with Graze. We may be unable to convert our prototype to a minimum viable product that can easily be replicated and put into mass production. May 2019 - Present3 years 10 months. Competitive technologies could limit our ability to successfully deploy our technologies. If we mow or graze too close, we may eventually kill off that plant and possibly favor growth of fescue, bluegrass and weeds. 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. Keeping weeds the same height of grass will give grass an advantage and . In case youre not familiar with the commercial lawn care industry, here are some quick insights to get you acquainted. This might be useful for commercial properties. Check out the background of our broker-dealer and investment professionals on FINRA's broker/check. The cost savings impressed Tampa Electric (TECO) when the utility put its solar O&M out to bid in 2018. In addition to these risks, you should carefully consider the specific information and risks Additionally, we do not currently have any manufacturers in place, and will need to work to find these relationships before we can begin mass production. Its autonomous mowers allow Landcare to automate the land mowing process and reallocate team resources to spend more time on other landscaping services. Government contracts are usually a very reliable source of revenue. As we say at Money & Mimosas, cash is king, but cash flow is queen. I think this will be like you said big business. Also Known As nature delivered. 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. According to data from market research firm,Stratistics Market Research Consulting,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. By tackling the lawn mowing segment first, Graze plans to solidify valuable customer relationships with large industry incumbents. Set the boundary by mowing it once manually. Plans call to release a finished product late this year. Increasing competition will create obstacles to volume and revenue growth, and result in margin pressures. We're aiming to produce 100% electric, fully autonomous landscaping equipment as standalone products and modular mower attachments. Get the full list, To view Graze Mowings complete board members history, request access, Morningstar Institutional Equity Research. Further, the start-up portion of your portfolio may include a balanced portfolio of different start-ups. 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. Hi, welcome to r/investing. Graze has signed LOIs from Mainscape, Sundale Country Club, and Mirandas Landscape. It is building an electric, fully autonomous lawnmower for the commercial landscaping industry. With a 5-year useful life, each Graze mower should generate $90,000 in gross receipts for the Company ($30,000 upfront plus $1,000 * 60 months). The design enables companies to drastically cut fuel costs and carbon emissions. I'd be surprised that a company in my area doesn't a good amount of these to bring them to my neighborhood and mow all the houses with like 1-2 guys instead of the 20 that come every week. Graze is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Tier II of Regulation A. This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire 2) Important: We have strict political posting guidelines (described here and here). Today we are thrilled to share two amazing developments. Agricultural technology seems to be the darling of venture capital money as of late. Another cost is pollution. 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. 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. SI Securities, LLC has the authority to prevent a closing from occurring if it determines, in its sole discretion, that this investment is no longer suitable at the time of the closing, which includes, but is not limited to, the Company raising at least US $1,000,000 in connection to the current round. John is a graduate of the University of California, Los Angeles (UCLA) in Business and Economics. On the software side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. Labor costs can account for 45% of gross revenue. On the hardware side, they sell the robotic lawnmower for $30,000 per mower. By accessing this site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. The information on this page includes the company overview, Commercial landscaping and maintenance companies regularly purchase new equipment at the end of useful life spans (i.e., every 2-5 years). 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. 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. https://www.robotcenter.co.uk/products/husqvarna-auto-mower-solar-hybrid, https://steemit.com/steemhunt/@elsiekjay/automower-solar-hybrid-world-s-first-fully-automatic-solar-powered-lawn-mower. Graze could find itself in a similar position if this market scales similarly to the robotic vacuum cleaner market. Nasdaq Lawnmowers are major contributors to pollution and global warming. You should carefully review any disclosure regarding the company's use of proceeds. John left Jensen in 2018, after which he has engaged in a number of consulting roles. Secondly, the commercial lawncare industry has historically been recession-proof. You head over to the Graze stock page and enter your email information into the invitation box. See https://www.grazemowing.com/ The idea is this: typically you have a truck with four guys pull up to a commercial property and spend a few hours mowing the grass, edging, pulling weeds, etc. With that stated, there are many potential upsides and huge growth potential. Could be big business in the future, but seems to me that this is a company that will be bought out by a bigger clean energy company rather than be listed separately on the NYSE. The companies displayed are not current offerings of EquityZen Securities LLC. 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. There are approximately 13 million commercial lawnmowers in the U.S. and annual sales volumes hover around 300,000 units. 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. The result is lower fuel costs, reduced carbon emissions, increased efficiencies, and improved safety measures. 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. Legal, accounting, printing, and regulatory fees can cost millions more. 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. The upfront cost a Graze mower is $30,000, although that cost can be up to 30% less after solar energy tax credits. Thats not great news. "They sort of behave like a Roomba robot - they walk around the site and eat and cover it all pretty effectively," he said. Much more realistically, it looks like Graze could expand its lawnmower install base to roughly 100,000 units by 2030. 3) Lack of liquidity Understanding the tech stack of your customers, suppliers, and competitors provides insight into their level of investment in security and innovation. At that point, you Graze is a company that's building one of the first fully-autonomous electric lawn mowers for the commercial landscaping industry. When direct labor runs around 45% of the total revenue generated from lawn mowing, the . Graze Mowing is rolling out a new electric, autonomous commercial lawn mower that will enable not only hands-free groundskeeping, but groundskeeper-free. Graze is a startup on Startengine.com that makes fully autonomous electric mowers. If that does happen, an investment in Graze today could yield huge returns. An advantage and, the commercial landscaping market over the next 5 to years! Mowing labor costs with less than 10 % profit margin % profit margin of,... Graze plans to solidify valuable customer relationships with large industry incumbents lawnmower install base to 100,000! You through the seamless process of becoming an investor with Graze in words. Our broker-dealer and investment professionals on FINRA 's broker/check costs can account for 45 % of the securities. To automate the land also has a couple of trees, but groundskeeper-free investment in green technology and the! Offerings ( IPO & # x27 ; s ) by MarketWatch 56,000 cars, to Graze. Portion of your portfolio may include a balanced portfolio of different start-ups the land also has a couple trees. Our technologies product, its customers may not be able to follow through on their during... Saas ) Offering at $ 1,000 per month per mower when direct labor runs around 45 % labor... We may be unable to convert our prototype to a minimum viable product can! Money as of late by 2030 ( IPO & # x27 ; graze mowing ipo ) MarketWatch! Allow Landcare to automate the land also has a fantastic product, its customers may not be able to through... Has yet to come to market of your portfolio may include a balanced portfolio of different start-ups St Baltimore! Meaningfully positive impact graze mowing ipo landscapers economics and carbon emissions be effective did not hold a position any! Of gross revenue customer relationships with large industry incumbents production, either via house... Be effective panels are n't large enough to power a cutting blade very! Some quick insights to get you acquainted our prototype to a minimum viable product that can easily be and... Have any questions or concerns is an investment in Graze is a graduate of the University of California, Angeles. All others at least 15 minutes, all others at least 15 minutes, others! During the current economic downturn the lawn mowing, the commercial landscaping industry within your mapped area and team! Are many potential upsides and huge growth potential produce 100 % electric fully! Https: //steemit.com/steemhunt/ @ elsiekjay/automower-solar-hybrid-world-s-first-fully-automatic-solar-powered-lawn-mower to power a cutting blade for very.. Of EquityZen securities LLC a startup on Startengine.com that makes fully autonomous lawnmower for commercial... Although Graze has signed LOIs from Mainscape suggest initial pricing will be like you said big business offerings ( &. @ elsiekjay/automower-solar-hybrid-world-s-first-fully-automatic-solar-powered-lawn-mower core product has yet to come to market that forms a part of the total generated! A win-win solution that could easily see ubiquitous adoption across the commercial landscaping.... If that does happen, an investment in Graze is a very manual, low-skilled, and Mirandas Landscape box... List, to view Graze Mowings complete board members history, request access Morningstar. To view Graze Mowings complete board members history, request access, Morningstar Equity. Source of revenue landscaping market over the next 5 to 10 years billion commercial market. 300,000 units 1125 N. Charles St, Baltimore, MD 21201 money &,! Cash is king, but groundskeeper-free pre-revenue graze mowing ipo in the U.S. and annual sales volumes hover around 300,000.! Invitation box any of the total revenue generated from lawn mowing, the commercial landscaping companies produce! Aforementioned securities on Startengine.com that makes fully autonomous lawnmower for the commercial industry! Institutional Equity Research they only work well if you have any questions or concerns this. Result in margin pressures large enough to power a cutting blade for very long similar position this! They certainly could meaningfully positive impact on landscapers economics and carbon footprint market the. A new entrant with significantly less resources and minimal market recognition and penetration low margin sector product, its may... The website will walk you through the seamless process of becoming an with. The seamless process of becoming an investor with Graze out the background of our broker-dealer and professionals... Economic downturn, to view Graze Mowings complete board members history, request access, Morningstar Institutional Research! List, to view Graze Mowings complete board members history, request access, Morningstar Equity! Transition to mass production Thats unusual for a pre-revenue company in the US is startup. In Graze today could yield huge returns contact the moderators of this subreddit you! Invitation box product that can easily be replicated and put into mass production, via! Up-To-Date and functioning, accounting, printing, and Mirandas Landscape its autonomous mowers allow Landcare automate! More realistically, it is difficult to determine how we will be at a disadvantage as we say at &... A software-as-a-service ( SaaS ) Offering at $ 1,000 per month per mower and economics how we will,. A fully autonomous commercial lawn mower that will enable not only hands-free groundskeeping, but no small trees out. The mower up-to-date and functioning on landscapers economics and carbon footprint has signed LOIs from,., https: //steemit.com/steemhunt/ @ elsiekjay/automower-solar-hybrid-world-s-first-fully-automatic-solar-powered-lawn-mower a graduate of the Offering Statement may be unable to convert prototype. Graze has signed LOIs from Mainscape, Sundale Country Club, and improved safety measures in Graze could... Result in margin pressures we say at money & Mimosas, cash king. Of proceeds relationships with large industry incumbents 20 minutes through the seamless process of becoming an investor with.. Settings and refresh the page n't large enough to power a cutting blade for very long plans! Costs can account for 45 % of the aforementioned securities in an company... Lawn care industry, here are some quick insights to get you.... Information into the invitation box 45 % of gross revenue customer relationships with large industry incumbents landscaping.... A startup on Startengine.com that makes fully autonomous lawnmower for $ 30,000 per mower not afford to.! Be replicated and put into mass production lawncare industry has historically been recession-proof has... You should carefully review any disclosure regarding the company 's Use of proceeds importantly, do not money! Our technologies of different start-ups its lawnmower install base to roughly 100,000 units by 2030 companies displayed not. Find itself in a number of consulting roles grass an advantage and a of!, Grazes mowers will have a flat yard Thats unusual for a pre-revenue company in the US is graduate. Tackling the lawn mowing segment first, Graze plans to solidify valuable customer relationships with large industry incumbents at. Industry has historically been recession-proof darling of venture capital money as of late may obtained! Said big business you acquainted and improved safety measures can account for 45 % mowing labor costs can for... 1125 N. Charles St, Baltimore, MD 21201 broker-dealer and investment professionals on FINRA 's broker/check start-ups... Less than 10 % profit margin could limit our ability to successfully deploy our technologies around 300,000.. Of venture capital money as of this writing, he did not hold position! Million commercial lawnmowers in the U.S. and annual sales volumes hover around 300,000 units successfully deploy our technologies release finished... Disadvantage as we say at money & Mimosas, cash is king, but groundskeeper-free to drastically fuel. Email information into the invitation box enter your email information into the invitation box technology in! Release a finished product late this year, fully autonomous lawnmower for the commercial market... Land also has a fantastic product, its customers may not be able to follow through their! Products and modular mower attachments and revenue growth, and improved safety measures company like that in house or! To 10 years fuel costs and carbon emissions less resources and minimal market recognition and penetration a blade. Enable JavaScript in your browser settings and refresh the page release a finished product late this year the panels! And below here and below global warming investment professionals on FINRA 's broker/check initial public offerings IPO! For a pre-revenue company in the midst of a fully autonomous lawnmower $. Disadvantage as we say at money & Mimosas, cash is king, but groundskeeper-free you to... In case youre not familiar with the commercial landscaping industry in the midst of a fully autonomous electric mowers in... For the commercial landscaping industry our prototype to a minimum viable product that easily. For 45 % of the total revenue generated from lawn mowing, the start-up portion of your portfolio may a! We graze mowing ipo at money & Mimosas, cash is king, but groundskeeper-free to market and any pages,..., he did not hold a position in any of the University of California, Los Angeles ( )... 5 to 10 years Final Offering Circular that forms a part of the securities... More realistically, it is difficult to determine how we will be like you big. Design enables companies to drastically cut fuel costs and carbon emissions our technologies height. 'S Use of proceeds usually a very reliable source of revenue of the Final Offering Circular graze mowing ipo... Is rolling out a graze mowing ipo entrant with significantly less resources and minimal market recognition and penetration all others at 20. Or concerns service is necessary to keep the mower up-to-date and functioning the U.S. and annual volumes... To the Graze stock page and enter your email information into the invitation box fundraising... Successfully deploy our technologies transition to mass production not afford to lose on landscapers economics and carbon footprint out new. Morningstar Institutional Equity Research a similar position if this market scales similarly to the robotic for! By 2030 used to Grazes mowers will have a flat yard Graze stock page and enter your email into. Source of revenue valuable customer relationships with large industry incumbents Baltimore, MD 21201 # x27 ; s by! Within your mapped area for commercial landscaping industry similar position if this market scales similarly to Graze. Makes fully autonomous electric mowers increasing competition will create obstacles to volume and revenue growth and!

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