We are in a tough economic period and companies are slashing expenses and reducing staff to survive. control_point_duplicate. before investing. Although Graze has a fantastic product, its customers may not be able to follow through on their LOIs during the current economic downturn. This is not the case in landscaping. According to a Statista and IBISWorld study, the U.S. landscaping services industry hit revenue of $94.7 billion in 2019. Landscapers Average: 45% Mowing labor costs with less than 10% profit margin. We plan to initially rely on third-party manufacturers. Golf courses and hotels typically use the cheapest form of labor they can for lawn maintenance. Therefore, if you're interested in taking a shot, Graze stock is. At some point Graze may John and Manomit will talk about what the future looks like for G. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. 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. Graze is high-risk, high-reward play on automation in the commercial landscaping market. Labor costs in commercial landscaping are. On the software side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. Investors who invest $100,000 or less will have their securities held in trust with a Custodian that will serve as a single shareholder of record. The razor-thin profit margins are due to the industrys biggest pain points including labor costs, fuel costs, safety-related workers' compensation, and pollution. Many hardware and equipment manufacturers suffer from one and done customer purchasing. Discord IPO. As the former employee no longer has a formal relationship with the Company, the former employee has been removed from offering materials. For many of us, we are lucky if we're able to mow pastures once a year, but consider what the needs and priorities are for your pastures. Graze is both a hardware and a software company. 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. Meet the team and learn why we're poised to revolutionize t. These connections helped Graze to secure $36 million in preorders from landscapers and country clubs. You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement. Getty. Mowers consume about 1.2 billion gallons of gasoline annually, and commercial mowers consume more than 100 million gallons of diesel annually. All rights reserved. The Offering Circular includes important details about Graze's fundraise that you should review Your submission was automatically removed because it contains a keyword not suitable for r/investing. As with any commercial grade lawn mowing equipment, there are significant health and safety issues that could result from our product being used incorrectly in the market. Just stocks. To date, Graze has raised over $14.7 million from more than 9,300 investors. While iRobot has maintained its leadership in that market, it came at the cost of margins and profits, which have come tumbling down (along with the stock price). The software side allows for recurring revenue. We could be adversely affected by product liability, personal injury or other health and safety issues. We will be at a disadvantage as we are a new entrant with significantly less resources and minimal market recognition and penetration. While Graze is the first company to apply full autonomy to the commercial lawn-mowing segment, they wont be the last. What yall think? It is building an electric, fully autonomous lawnmower for the commercial landscaping industry. Its all about the margins bump: Eliminating 50% of labor costs and 100% of fuel costs will mean a huge increase in profit margins for commercial landscaping companies. We project this customer alone could represent $36 million in gross revenue every 5 years. Please enable JavaScript in your browser settings and refresh the page. SeedInvest does not give investment advice, endorsement, analysis or recommendations with respect to any securities. Graze Mowing is a startup raising funds to bring its all-electric, self-driving mowers to market. This couldsubject our company to liability due to personal safety or property damage issues. Mowing once every two or three years at a minimum height of 8-12 inches will prevent woody growth from taking over an area. Their commercial lawnmower delivers a fully autonomous, solar and electric powered lawn power with. Once The design enables companies to drastically cut fuel costs and carbon emissions. Additionally, many of our competitors have greater brand recognition and an existing set of customers that they will be able to leverage when launching competing technologies. Graze revolutionizes the lawn mowing process, as landscapers can reduce four to five-person teams to just two people. 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. At present, the robotic vacuums account forabout 25%of the total vacuum cleaner market. Robotic Lawnmower Startup Graze Is a Compelling Investment Opportunity, 5 Hypergrowth Stocks With 10X Potential in 2023, Im hugely bullish on the equity crowdfunding space, Series A fundraising round for Graze on SeedInvest, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks. Series A Watch list Create GRAZ Alert Closed Last Updated: Nov 12, 2021 1:00 p.m. EST Delayed quote $ 5.00 0.00 0.00% Previous Close $5.00 Advanced Charting 5.00 Day Range 5.00. The Silicon Beach startup said it has. You head over to the Graze stock page and enter your email information into the invitation box. My bullishness on Graze can be succinctly broken down into two sentences. Additionally, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns. Rivian shares are down 82.9% in 2022 through Dec. 27. Lawn mowing has a 10 percent profit margin, at best. Frankly I'm surprised automatic mowers aren't more popular. 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. On one side, they sell the robotic lawnmower for $30,000 per mower. Santa Monica, California, United States 1-10 Equity Crowdfunding Private www.grazemowing.com/ 36,792 Highlights Total Funding Amount $7.6M Contacts 4 Employee Profiles 3 Investors 4 Similar Companies 7 Apr 6, 2020 / Connor Doherty 2 Graze is both a hardware and a software company. securities described in the Offering Circular to investors such as you. Lack of professional guidance. Graze is an innovative robotics company that is disrupting the landscaping industry with its state-of-the-art autonomous, electric lawnmowers designed for commercial use. This chart does not represent guarantees of future valuation growth and/or declines. 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. We are a new company and have neither generated revenue, nor have we had any significant operating history. Graze is bringing intelligence, automation and sustainable solutions to commercial lawnmowing. The SAFE would convert to real equity shares once the company has a real funding round with professional investors. Govt building lawns and sports fields still using grass. Why? Further, the start-up portion of your portfolio may include a balanced portfolio of different start-ups. It has less than 1000 investors now and little over 1mil in investments. The software side allows for recurring revenue. It is building an electric, fully autonomous lawnmower for the commercial landscaping industry. 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. Because of this, we may face issues developing a product and technology that can compete with other players in the market. In the big picture, Graze has a huge opportunity ahead of it. When direct labor runs around 45% of the total revenue generated from lawn mowing, the . On the hardware side, they sell the robotic lawnmower for $30,000 per mower. 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. 2) Important: We have strict political posting guidelines (described here and here). The founder of Money & Mimosas. With mowing already being a loss leader for landscaping companies, inflation and rising . Electric, fully autonomous commercial lawn mower. With a fairly even split in the industry between the commercial and residential segments, commercial landscaping, Grazes target industry, has the opportunity to reach $70 billion. Although lawn-mowing is not an especially dangerous career, there are accidents and accidents are expensive. Estimates are tough to find, but there are about13 million commercial lawnmowersin the U.S. Im tempted to buy in but Ive never invested in an individual company like that. Preferred equity is usually issued to outside investors and carries rights and conditions that are It can not be reproduced or used in any manner whatsoever without the written permission of Danetha Doe. Graze is a solar-powered mower addressing environmental waste issues in the $129 billion commercial lawn care industry. Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.comSANTA MONICA, Calif., Feb . Additionally, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns. Danetha Doe is a writer, public speaker, and founder of Money & Mimosas. In that sense, while Graze may have lost the LandCare contract, the company is taking all the right steps today to win that contract back with a better product and service and then win multiple more contracts thereafter with a product and platform that are ever improving based on customer feedback. Labor costs can account for 45% of gross revenue. According to management, the Company's former Chief Technology Officer was notified by the Company of their intention to change his employment status in Q1 2020. Copyright Because of this, we may face issues developing a product and technology that can compete with other players in the market. This site is operated by SeedInvest Technology, LLC ("SeedInvest"), which is not a registered broker-dealer. Graze Mowing. Graze is building a fully-autonomous, electric lawnmower for the commercial landscaping industry. Despite what individual companies may promise, theres always the chance of losing a portion, or the entirety, of your investment. 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. With the push of a button, the mower navigates around the boundaries of the area it will service, tracing the borders and . What is Graze? The LOI outlines the potential purchase of 200 mowers, which could represent $18 million in revenue for Graze.*. The process of investing is really easy. quotes delayed at least 15 minutes, all others at least 20 minutes. Developing our prototype to . A Graze mower consists of two large sections. This profile may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. for you to make an investment decision in their company. Active, Closed, Last funding round type (e.g. 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. Second, after over 3 years of R&D we have reached an incredibly See more Create new account You should carefully review any disclosure regarding the company's use of proceeds. The LOI with that company for the purchase of 200 mowers, which could represent $18 million in revenue for Graze. Accordingly, any potential investor who anticipates the need for current dividends or income from an investment should not purchase any of the securities offered on the Site. Without these letters of intent, we would have no interest from prospective customers, which may affect our revenue and growth projections. Grazes innovative design addresses all of these pain points. At first pass, the technology here doesnt seem terribly hard to replicate. It would be irresponsible to not talk about the risks associated with a potential Graze investment, since they are sizable and worth noting. We are launching after our Series A raised over $15M from over 10,000 unique investors. The companies displayed are (or were) private companies that we believe may be relevant to individuals interested in the pre-IPO market. For example, preferred equity may include rights that prevent or minimize the Graze is a developer of a fully autonomous commercial lawn mower created for landscaping companies. Graze is a developer of a fully autonomous commercial lawn mower created for commercial landscaping companies. Husqvarna has one already and if iRobot doesn't they certainly could. A money saver for businesses means a money maker for investors: Graze can provide commercial landscaping companies with as much as a 50% reduction in labor costs. Seed, Series A, Private Equity), Alternate or previous names for the organization, Whether an Organization is for profit or non-profit. If you have already funded your investment and your funds Graze Inc.A (GRAZ) Stock Price Today, Quote & News | Seeking Alpha 50% off Premium this earnings season GRAZ Graze Inc.A Stock Price & Overview 20 followers $5.00 0.00 ( 0.00% 1:00 PM. Our company does not yet hold any patents on any products or technology. Understanding the tech stack of your customers, suppliers, and competitors provides insight into their level of investment in security and innovation. Its autonomous mowers allow Landcare to automate the land mowing process and reallocate team resources to spend more time on other landscaping services. We may be unable to convert our prototype to a minimum viable product that can easily be replicated and put into mass production. I could see it being big in golf courses and hotel resorts with big lawns. In the future, we expect Graze technology will also track and plan around weather data, detect and defend against turf and plant diseases, provide data analytics and insights to its customers, and, eventually, will manage mower fleets with Artificial Intelligence, thereby providing a reduction in indirect labor costs (i.e., administrative personnel). Skip Navigation watchlive Markets. Our robust prototype is actively mowing in the field for our 1st customers. The Graze Autonomous Mower features GPS navigation, lights for night operation, and never-flat tires. We are also impressed by Grazes leadership experience. 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