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Gogotech
“ Everyone with reduced mobility should have access to Safe, Advanced, Affordable assistive technology”
People with disabilities deserve to be supported by the technology commonly available in your robot vacuum cleaner or car reverse camera system. Gogotech’s first product - ABBY - delivers a state of the art, highly mobile, easily chargeable electric wheelchair, providing people with mobility challenges with the tools to do what they want, when they want it. Gogotech aims to help bring about a more inclusive society with connected personal mobility for anyone who needs it, regardless of their insurance coverage.
At a price range under $2,000 US Gogotech is the first safe, affordable, accessible and technologically enabled electric vehicle.
Investments accepted
from USD 5,000
Every investment is matched with a complimentary Abby delivered to the beneficiary of your choice!
$100k
$142.5k
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Gogotech is the first safe, affordable, accessible and technologically enabled electric vehicle. The chair is customizable and Internet-of-Things (IoT) enabled to ensure support and maintenance have the shortest feedback loops possible.
Initial launch is focused on the Australian and the USA market, with design and manufacturing in Thailand and China.
Download the pitch deck
Visit their social media or website to check out the live action!
The Opportunity
Our base plan to ship 50,000 units in 5 years (or less) achieves scalable growth, social impact, a gross margin approaching 70% and 25% EBITDA on 75M in sales, and a solid foundation to build on - especially for what begins as a hardware business.
We plan three 8-14 month sprints to achieve critical commercial milestones (aligned with incremental funding milestones) to build momentum 50k units in 5 years is r less than 0.5% penetration for powered products, less than 0.1% overall, but we are confident that if we execute such that even a fraction of the alternative model we propose takes root, a substantially more optimistic outcome is likely.
Gogotech
Investing in
• Founded by CEO after experiencing issues with wheelchairs firsthand
• Completely IoT enabled wheelchair for affordable price
• 25 pre-orders plus 1,000+ Pre-order interest subscriptions within 1 Month of launching social media campaign
Investment terms
• 2% revenue share starting at the earlier of $50k in sales or 18 months from contract signature date; secured against 2% redeemable equity (warrant) - paid to investors monthly
• Target 38% IRR, contract completion upon returning a 5 x multiple
• Incentive to outperform through contract completion upon a 3x multiple returned within 3 years of contract signature date
• 1% equity retained for 100k (increased pro-rata), with buy back option over life of contract - upside potential for investors (our "Exponential Ripple of Impact")
• Support and management of investee and revenue share rights by EPIC mentors
Disclaimer
Investments of this nature carry risks to your capital, including illiquidity, and lack of dividends or return of capital. Balance risk with a diversified portfolio. Investment opportunities are not offers to the public and investors must be sophisticated investors. Further restrictions and EPIC's limitation of liability are set out in the Investor Terms and Conditions. Each Investor considering an investment must make, and will be taken to have made, its own independent investigation and analysis of the information in this Information Memorandum. Independent expert advice (including from an Investor’s accountant, lawyer or other professional adviser) should be sought before making a decision to invest.
The investee company has submitted their plans to raise money, details of their structure and trade etc. and will be in close contact with EPIC post investment. Any projections and forecasts in this Information Memorandum are for illustrative purposes only, using the assumptions described in this document. Actual results may be materially affected by changes in economic and other circumstances. The reliance that an Investor places on the projections and forecasts is a matter for their own commercial judgment. No representation or warranty is made that any projection, forecast, assumption or estimate in this Information Memorandum should or will be achieved. Certain information in this Information Memorandum contains statements that are forward-looking. That forward-looking information involves risks and uncertainties that could significantly affect anticipated results in the future. Results may differ materially from those expressed in any forward-looking statement made by or for the Company. Factors that could cause the Company’s results to differ materially from those contemplated in the forward-looking statements include, among other things, the Company’s ability to successfully executed its business strategy. Speculative Investment: An investment in Shares should be considered speculative. Liquidity of the Shares cannot be guaranteed by the Company and any offer for sale of the Shares must be made in accordance with the Corporations Act and any other applicable laws. Currency: Monetary amounts shown in this Information Memorandum are expressed in US dollars unless otherwise stated. Other Jurisdictions: This Information Memorandum does not constitute an offer or invitation to subscribe for Shares in any jurisdiction where, or to any person to whom, it would not be lawful to offer this investment opportunity. Should you wish to invest, availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.