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. In light of the relative ease with which early-stage companies can raise funds, it may be the case that certain opportunities turn out to be money-losing fraudulent schemes. 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. Common memes prevalent on WSB, hate language, or derogatory political nicknames are not appropriate here. It all happens at the free AI Super Summit. Graze Inc is formed to sell commercial robotic lawnmowers. Theres even room for more lines. The lost contract from LandCare is also of concern. These risks include: 1) Greater chance of failure Pre-orders from Mainscape suggest initial pricing will be effective. Set the boundary by mowing it once manually. Not golf courses. That is, Graze is both a hardware and a software company. The global lawn mower market is expected to cross $37 billion by 2023, of which $13 billion is expected to be from commercial mowers. Nasdaq This site is operated by SeedInvest Technology, LLC ("SeedInvest"), which is not a registered broker-dealer. Specifically, Graze has signed LOIs from Mainscape, Sundale Country Club and Mirandas Landscape. Electric, fully autonomous commercial lawn mower. Plans call to release a finished product late this year. But these lawnmowers, outfitted with similar hardware used to . Finish the Job. Because of this, we may face issues developing a product and technology that can compete with other players in the market. That service is necessary to keep the mower up-to-date and functioning. What is Graze? Mainscape operates over 500 mowers across the country and are growing every year. Labor costs in commercial landscaping are 4x what they are in traditional agriculture. We have a limited operating history upon which to evaluate our performance, and have not yet generated profits or revenue. 2023 InvestorPlace Media, LLC. 4) Economic downturns 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. We have $23M in pre orders via non-binding commercial contracts. That service is necessary to keep the mower up-to-date and functioning. 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. Santa Monica, CA. Investing in startups is very risky, highly speculative, and should not be made by anyone who cannot afford to lose their entire investment. Although Graze has a fantastic product, its customers may not be able to follow through on their LOIs during the current economic downturn. The Offering Circular includes important details about Graze's fundraise that you should review 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. That was up 3.3% from. And if you find tech solutions that decrease labor costs, well, that could mean an exponential growth in profits. I am a bot and sometimes not the smartest so if you feel your comment was removed in error please message the moderators. Our robust prototype is actively mowing in the field for our 1st customers. We plan to initially rely on third-party manufacturers. 1125 N. Charles St, Baltimore, MD 21201. 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 developer of a fully autonomous commercial lawn mower created for commercial landscaping companies. Money & Mimosas is a registered trademark owned solely by Danetha Doe. Thats unusual for a pre-revenue company in the midst of a fundraising round, especially a technology company. What makes Graze such an exciting opportunity? 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. Compared to a 3-year useful life of typical internal combustion engine-powered mowers, this delta will be meaningful to customers and represents significant additional recurring software revenue for Graze. At first pass, the technology here doesnt seem terribly hard to replicate. Company has previously raised over $10M in capital. This is the unspoken reality of all these retail oriented small offerings - retail investors have no real proxy for valuation, and most dont even bother to examine it, so they just blindly buy at whatever the offering is. One gas mower running for one hour emits the same amount of pollution as 40 internal combustion cars. 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. Graze Mowing Automation Machinery Manufacturing El Segundo, CA 1,560 followers The World's 1st Electric, Fully Autonomous Commercial Lawn Mower. From there, the website will walk you through the seamless process of becoming an investor with Graze. With the push of a button, the mower navigates around the boundaries of the area it will service, tracing the borders and . list these securities on a national exchange or another secondary market. Currently there is no market or liquidity for these securities. 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. We will be at a disadvantage as we are a new entrant with significantly less resources and minimal market recognition and penetration. 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. Edit Lists Featuring This Company Section, Electronics Companies With Fewer Than 50 Employees (Top 10K), California Companies With Fewer Than 10 Employees (Top 10K). Be a tax right off right using solar energy. Our future revenue plans rely on two non-binding letters of intent. Please contact the moderators of this subreddit if you have any questions or concerns. Once It is a solar-powered, self-driving mower and is reported to be able to cut fuel costs by 75%, cut traditional labor costs associated with mowing by 50%, and increase profit margins by 5x. 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 level and timing of future expenditure will depend on a number of factors, many of which are outside our control. Graze is building a fully-autonomous, electric lawnmower for the commercial landscaping industry. 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. Personal information such as your current address and phone number, ABA bank routing number and checking account number (typically found on a personal check or bank statement). It has since been updated to reflect more recent developments. I think this will be like you said big business. 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. Your shares are not easily transferable. You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement. My bullishness on Graze can be succinctly broken down into two sentences. 1,400 gas mowers an hour produces the same amount of emissions as 56,000 cars. 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. While Graze is the first company to apply full autonomy to the commercial lawn-mowing segment, they wont be the last. In September . 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. Possibility of fraud. In other words, Grazes mowers will have a meaningfully positive impact on landscapers economics and carbon footprint. Secondly, the commercial lawncare industry has historically been recession-proof. Graze eliminates 50% or more of the labor costs and 75% of the fuel costs. Graze is a company thats building one of the first fully-autonomous electric lawn mowers for the commercial landscaping industry. If perennial weeds are a problem, consider . Because of this, we may face issues developing a product and technology that can compete with other players in the market. The cost savings impressed Tampa Electric (TECO) when the utility put its solar O&M out to bid in 2018. With that stated, there are many potential upsides and huge growth potential. graze: [verb] to feed on growing herbage, attached algae, or phytoplankton. A copy of the Final Offering Circular that forms a part of the Offering Statement may be obtained both here and below. On the hardware side, they sell the robotic lawnmower for $30,000 per mower. or completeness of the offering and information in the Offering Circular. Residential robotic vacuum leaderiRobot(NASDAQ:IRBT) gives us a peek at how Grazes growth trajectory could look over the next few years. Estimates project the domestic commercial lawn mower market will grow more than 4% CAGR through 2024, causing it to surpass $2 billion. Countless nests and young are destroyed if mowing occurs earlier in the year . Discord IPO. A "liquidation event" is when the company either lists their shares on an exchange, is acquired, or goes bankrupt. What yall think? 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. Lawn mowing is a core component of almost all commercial landscaping businesses. 3) Lack of liquidity 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). John led Jensen Landscape as Chairman, CEO, and President for eleven of his 35 years with this award-winning landscape construction and maintenance company. 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. 2) Important: We have strict political posting guidelines (described here and here). Reddit and its partners use cookies and similar technologies to provide you with a better experience. What Is the Best Tech Stock to Buy Now? These investors will be subject to the Custodians Account Agreement, including the electronic delivery of all required information. On the other side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. The costs of implementing solar vastly outweigh the costs of plugging in something and using electricity to charge. 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. That's it. 2023 PitchBook. 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. It has less than 1000 investors now and little over 1mil in investments. Under Johns leadership, Jensen acquired a maintenance company in 2008 to extend its geographic reach to Sacramento and the North Bay before selling Jensen Landscape to private equity backed Monarch Landscape in 2016. In that robotic market, iRobot owns about 50% share. I posted this a few weeks ago: https://www.reddit.com/r/investing/comments/hw2qq0/graze_mowing_reg_a/. Therefore, if you're interested in taking a shot, Graze stock is. "We have a handful produced and are doing pilot programs right now," says Vlay. Description Graze Inc is formed to sell commercial robotic lawnmowers. High-profile IPOs from 2021, such as Rivian Automotive Inc. (ticker: RIVN ), are trading well below their IPO prices. Despite what individual companies may promise, theres always the chance of losing a portion, or the entirety, of your investment. Graze is high-risk, high-reward play on automation in the commercial landscaping market. This might be useful for commercial properties. Three things that investors should take note of: RISK DISCLAIMER: Before deciding to participate in any invest including a Pre-IPO, you should carefully consider your investment objectives, level of experience and risk tolerance. {{ account.account_type }} Investor Account. 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. Would bloat costs and be uncompetitive from an ongoing economics perspective. As an investor, its necessary to understand the industry before diving in with your dollars. 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. 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. This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire Disagree, argue, criticize, but no personal attacks. Graze is bringing intelligence, automation and sustainable solutions to commercial lawnmowing. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. A major win for the environment. Gotta find the company thats going to take the risks. trees, people), and collect and apply data to further optimize for precision and efficiency. The current financing round values Graze at $23 million (pre-money). Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.comSANTA MONICA, Calif., Feb . Still, at this stage, estimates along these lines seem aggressive. 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. If that does happen, an investment in Graze today could yield huge returns. The Offering Circular That Is Part Of That Offering Statement Is At: Graze. Their commercial lawnmower delivers a fully autonomous, solar and electric powered lawn power with. Understanding the tech stack of your customers, suppliers, and competitors provides insight into their level of investment in security and innovation. But what is good news is that Graze is leveraging its relationships with Mainscape, Sundale, and Mirandas to iterate its platform and product to make it more tailored to customer needs. choose to do so, but until then you should plan to hold your investment for a significant period of time before a 5) Dearth of investor education. They only work well if you have a flat yard. As with other investments, there is no guarantee that investments will be immune from fraud. 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. Switch to Autonomous setting and press the MOW button to cut within your mapped area. Lack of professional guidance. Although the U.S. commercial landscaping industry is worth $98.7 . 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