It has less than 1000 investors now and little over 1mil in investments. 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. This is not the case in landscaping. The savvy money blog for ambitious women. Its largely low-level labor automation. Graze is both a hardware and a software company. 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. Still, for risk-seeking investors interested in the crowdfunding space, Graze is worth a look as a long-term speculative investment. PreIPObuzz does not give investment advice, endorsement, analysis or recommendations with respect to any securities. 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. 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. Commercial landscaping and maintenance companies regularly purchase new equipment at the end of useful life spans (i.e., every 2-5 years). The Company may not pay dividends for the foreseeable future. Typical terms for a company at Graze's stage are something like $5 million cap, 20% discount. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Keep reading to decide for yourself. The SAFE would convert to real equity shares once the company has a real funding round with professional investors. what they are in traditional agriculture. Get the full list, To view Graze Mowings complete board members history, request access, Morningstar Institutional Equity Research. graze: [verb] to feed on growing herbage, attached algae, or phytoplankton. This is good news for Graze: as the commercial landscaping services industry grows, so does its core offering of lawn mowing. Because of this, we may face issues developing a product and technology that can compete with other players in the market. They are developing an autonomous lawn mower for the commercial landscaping market. In case youre not familiar with the commercial lawn care industry, here are some quick insights to get you acquainted. Check out the background of our broker-dealer and investment professionals on FINRA's broker/check. If you have already funded your investment and your funds 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. The minimum investment is $1,001.40. It's a very lengthy ordeal, typically requiring6-12 monthsof planning and 6-9 monthsfor the actual IPO process. By accessing this site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. To learn more about startup investment types check out How to Choose a Startup Investment in our academy. The Graze mower aims to be powered by a robust sensor suite (i.e., RADAR, LIDAR, GPS, ultrasonic sensors, odometry sensors, and an optical suite) that will enable it to safely and precisely self-navigate in and around commercial job sites. https://www.grazemowing.com/nb?utm_source=cpc&utm_medium=nonbranded&gclid=CjwKCAjwm_P5BRAhEiwAwRzSO5K8hhOnO6N0X-d1f6PDnqMKkP66nb5qfer5ypvzGzFiU37OpDuEnBoC_ccQAvD_BwE. quotes delayed at least 15 minutes, all others at least 20 minutes. Graze Inc. Pfd. The design enables companies to drastically cut fuel costs and carbon emissions. Can we use cookies to improve your experience and present relevant ads to you? The cost savings impressed Tampa Electric (TECO) when the utility put its solar O&M out to bid in 2018. The company also has the potential to secure contracts with the NFL, the MLB, and top-tier golf courses. 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. SeedInvest does not give investment advice, endorsement, analysis or recommendations with respect to any securities. The companies displayed are (or were) private companies that we believe may be relevant to individuals interested in the pre-IPO market. Valuation and capitalization. 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. Graze is currently running a number of live commercial pilot programs at Vandenberg Space. 2023 PitchBook. $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 building electric, fully-autonomous lawn mowers for the commercial landscaping industry. 3. Proprietary Technology Machine learning and computer vision will allow Graze to map job sites, plan and execute mowing paths, avoid obstacles (i.e. I considered getting it, but I decided to hire a gardener since I had more than just the lawn to take care of. With mowing already being a loss leader for landscaping companies, inflation and rising . 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 couldsubject our company to liability due to personal safety or property damage issues. In the most sensible investment strategy for start-up investing, start-ups should only be part of your overall investment portfolio. The short summary is that they are selling shares at a very, very, rich valuation and I would pass because of that. when the closing occurs and your securities have been issued. Graze Mowing is rolling out a new electric, autonomous commercial lawn mower that will enable not only hands-free groundskeeping, but groundskeeper-free. Be a tax right off right using solar energy. You will receive an email 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. 1125 N. Charles St, Baltimore, MD 21201. Electric, fully autonomous commercial lawn mower. Also Known As nature delivered. Graze accepts your investment, and certain regulatory procedures are completed, your money will As the demand for mowing services increases, so too will the demand from those service providers for mowing equipment. I am a bot and sometimes not the smartest so if you feel your comment was removed in error please message the moderators. 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. With fuel and labor costs removed from mowing services via the introduction of its electric, autonomous mower, Graze offers its customers an immediate and substantial boost in profits. Im tempted to buy in but Ive never invested in an individual company like that. 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. A solid cash flow revenue stream makes it more likely that a company can thrive during a recession. Seed, Series A, Private Equity), Alternate or previous names for the organization, Whether an Organization is for profit or non-profit. And become more affordable as they progress so get in while we can. 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. CEO John Vlay is an industry insider with 35 years of experience and an exit under his belt. We are seeking to raise $1M by conducting a public offering under Regulation CF. That service is necessary to keep the mower up-to-date and functioning. Increasing competition will create obstacles to volume and revenue growth, and result in margin pressures. Prior to Miso, Rob worked at Microsoft and SpaceX. Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. I think this will be like you said big business. You may only receive limited disclosure. We still have significant engineering and development work to do before we are ready to deliver a working version of our product to our corporate partners. More profits equals more sales, and more sales equals a bigger ROI for investors. Graze is working directly with Mainscape to bring the Graze mower to market. Currently, they have raised a little over 482k at a valuation of $23 Million and previously raised $3.7 Million in All rights reserved. With the push of a button, the mower navigates around the boundaries of the area it will service, tracing the borders and . Residential robotic vacuum leaderiRobot(NASDAQ:IRBT) gives us a peek at how Grazes growth trajectory could look over the next few years. control_point_duplicate. disclosed in Grazes profile and Offering Circular. 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. Lawn mowing is a vital service offered by commercial landscaping companies, however, its usually a loss leader. 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. Around $60,000 of that will be high-margin, annually recurring software revenue. 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. 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. Their commercial lawnmower delivers a fully autonomous, solar and electric powered lawn power with. Mow the Middle. 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. At that point, you But, is buying Graze stock worth the risk? liquidation event occurs. Graze has signed a Letter of Intent with Mainscape, ranked number 14 commercial landscaping company in the US. Our company does not yet hold any patents on any products or technology. Moreover, it sends a powerful signal to potential customers that Graze mowers have been validated by a noteworthy player in the industry. And if you find tech solutions that decrease labor costs, well, that could mean an exponential growth in profits. Mowing along roadsides should occur in late summer (August 1-31) to allow most nesting birds and small mammals to successfully rear their young. Graze could find itself in a similar position if this market scales similarly to the robotic vacuum cleaner market. Rivian shares are down 82.9% in 2022 through Dec. 27. But the best view of the sky will be out in the fairway, where the players are hitting their balls. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Graze's Founding Team is comprised of commercial landscaping industry veteran John Vlay as CEO and their Principal Engineer, Phillip Wong (more below). Safety-related workers compensation is also costly. The information on this page includes the company overview, Investors investing $200,000 or more will have individual yearly investor call with CEO. We may be unable to convert our prototype to a minimum viable product that can easily be replicated and put into mass production. Many people think . 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. 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. Annual sales volumes hover around300,000 units. 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. Prior to Miso, Rob worked at Microsoft and SpaceX. Investors investing $100,000 or more will benefit from yearly investors call. This chart does not represent guarantees of future valuation growth and/or declines. We help you unlock your abundance so you can make more money by working less. The Offering Circular That Is Part Of That Offering Statement Is At: Graze. The full list, to view graze Mowings complete board members history, request access, Institutional. Its usually a loss leader company does not give investment advice, endorsement, analysis recommendations... Lawn mower that will enable not only hands-free groundskeeping, but groundskeeper-free had more than just lawn... 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