By tackling the lawn mowing segment first, Graze plans to solidify valuable customer relationships with large industry incumbents. That is, Graze is both a hardware and a software company. The bid & ask refers to the price that an investor is willing to buy or sell a stock. 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. Someone else mentioned it, but i believe Husqvarna is the most popular brand right now. Graze Mowing's 100% electric-powered, autonomous lawn mower accompanied by Graze CEO John Vlay. 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. PreIPO Buzz has not taken any steps to verify the adequacy, accuracy or completeness of any information. We are launching after our Series A raised over $15M from over 10,000 unique investors. Active, Closed, Last funding round type (e.g. The 2 acres of pasture land is flat, but not smooth. Lack of professional guidance. are in escrow, your funds will be promptly refunded to you upon cancellation. Described as the The Tesla of Agriculture and the Roomba for commercial lawncare, Graze is the most recent robotics stock investment opportunity to catch our attention at Money & Mimosas. choose to do so, but until then you should plan to hold your investment for a significant period of time before a 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. You head over to the Graze stock page and enter your email information into the invitation box. Receive weekly tips to nourish your abundance mindset. I am a bot and sometimes not the smartest so if you feel your comment was removed in error please message the moderators. dangerous. An early-stage company may not have the benefit of such professional investors. Graze has built their new model to consistently learn and apply data via an intuitive user experience, improving lawn care and creating new optimization opportunities for fleet operators. News flow 15 minutes ago MT Newswires The company also has the potential to secure contracts with the NFL, the MLB, and top-tier golf courses. The biggest roadblock we see is sales contract fulfillment. Graze is both a hardware and a software company. The design enables companies to drastically cut fuel costs and carbon emissions. Mainscape operates over 500 mowers across the country and are growing every year. More profits equals more sales, and more sales equals a bigger ROI for investors. The electric lawn mower is designed to increase efficiency and maintenance speed for mid- to large-sized commercial lawns, enhance cutting blades to perfect trim precision, add new sensor capabilities to increase safety, and improve GPS-based mapping and computer vision while optimizing intelligent and applicable insights through advanced Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.comSANTA MONICA, Calif., Feb . Frankly I'm surprised automatic mowers aren't more popular. 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. While we plan to eventually do all production in house, initially we will be leveraging contract manufacturers as we build up scale. 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. 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 good news for Graze: as the commercial landscaping services industry grows, so does its core offering of lawn mowing. Our robust prototype is actively mowing in the field for our 1st customers. 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. Still, at this stage, estimates along these lines seem aggressive. It all happens at the free AI Super Summit. On the software side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. Graze also has terms with the city of Glendale and Pasadena. As readers of mine know,Im hugely bullish on the equity crowdfunding space, seeing it as an enormous opportunity for retail investors to diversify their portfolio with potentially explosive early-stage investments in tomorrows most important companies. Govt building lawns and sports fields still using grass. As such, it is difficult to determine how we will perform, as our core product has yet to come to market. The lost contract from LandCare is also of concern. Commercial landscaping and maintenance companies regularly purchase new equipment at the end of useful life spans (i.e., every 2-5 years). This couldsubject our company to liability due to personal safety or property damage issues. To cancel your investment, please go to your portfolio page by clicking your profile icon in the top right corner. Its largely low-level labor automation. PreIPObuzz does not give investment advice, endorsement, analysis or recommendations with respect to any securities. 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. Nasdaq We may be unable to convert our prototype to a minimum viable product that can easily be replicated and put into mass production. To date, Graze has raised over $14.7 million from more than 9,300 investors. 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. 2) Important: We have strict political posting guidelines (described here and here). for you to make an investment decision in their company. If that does happen, an investment in Graze today could yield huge returns. Graze, the 100% electric lawn mower, is addressing labor shortages and environmental waste issues in the $129 billion commercial landscaping industry. Mowing once every two or three years at a minimum height of 8-12 inches will prevent woody growth from taking over an area. In a best-case scenario, this is exactly what could happen with Graze, if the company leverages its first-mover advantage right. Around $60,000 of that will be high-margin, annually recurring software revenue. As we say at Money & Mimosas, cash is king, but cash flow is queen. 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. Labor costs in commercial landscaping are. Simply look at iRobot for proof of this. I posted this a few weeks ago: https://www.reddit.com/r/investing/comments/hw2qq0/graze_mowing_reg_a/. View contacts for Graze to access new leads and connect with decision-makers. This chart does not represent guarantees of future valuation growth and/or declines. As such, Graze will be able to hurdle switching costs obstacles and gain mass adoption, as evidenced by its $18m in potential revenue via a conditional Letter of Intent from . Although Graze has a fantastic product, its customers may not be able to follow through on their LOIs during the current economic downturn. When direct labor runs around 45% of the total revenue generated from lawn mowing, the . Graze believes the introduction of an electric, self-driving mower to the market will be highly disruptive. Agricultural technology seems to be the darling of venture capital money as of late. With that stated, there are many potential upsides and huge growth potential. This is not the case in landscaping. {{ account.account_type }} Investor Account. 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. Countless nests and young are destroyed if mowing occurs earlier in the year . Autonomous electric mower system and related methods, Youre viewing 1 of 3 executive team members. Disclaimer: This paid content was created with our sponsor and does not necessarily reflect the opinions or point of view of Money & Mimosas. Many successful companies partially attribute their early success to the guidance of professional early-stage investors (e.g., angel investors and venture capital firms). The cost savings impressed Tampa Electric (TECO) when the utility put its solar O&M out to bid in 2018. Graze Mowing is a startup raising funds to bring its all-electric, self-driving mowers to market. 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. We're aiming to produce 100% electric, fully autonomous landscaping equipment as standalone products and modular mower attachments. 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. A startup called Graze Mowing will start selling an autonomous lawn mower this year, according to industry publication GPS World. Additionally, Grazes equipment is whisper quiet which means commercial lawncare companies can run them at night. Mowing pastures is a great means of controlling weeds. That service is necessary to keep the mower up-to-date and functioning. 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. PreIPO Buzz is not a registered broker-dealer. 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. At a $23 million pre-money valuation, the potential upside seems to significantly outweigh the potential downside. 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. Without these letters of intent, we would have no interest from prospective customers, which may affect our revenue and growth projections. 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