ABBY by GOGOTECH

ABBY by GOGOTECH

ABBY by GOGOTECH, with a valuation of $6 million, is raising funds on StartEngine. The company has developed a new personal electric vehicle for adults with reduced mobility. The wheelchairs of ABBY are safe, advanced, and affordable and come with modern features, including smart push-rim technology, conventional rear-wheel-drive format, and quick-release components. ABBY by GOGOTECH also has a modular battery, remote control, upcoming mobile app, reverse camera, and adjustable armrests. John DeBenedette founded ABBY by GOGOTECH in September 2021. The current crowdfunding campaign has a minimum target of $14,999.92 and a maximum target of $617,999.72. The campaign proceeds will be used for research and development, inventory, company employment, marketing, and working capital.

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Investment Overview

Raised this Round: Raised: $35,356

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/10/2024
Close Date
01/08/2025
Min. Goal
$15,000
Max. Goal
$618,000
Min. Investment

$250

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.52

Pre-Money Valuation

$5,995,272

Company & Team

Company

Year Founded
2021
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Wilmington, Delaware
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
John Debenedette
Title
CEO

Financials

as of August 30, 2024
 Revenue
$0
 Monthly Burn
$7,800
 Runway
2.4 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-200,568

$-307,342

Summary Balance Sheet

FY 2023 FY 2022

Cash

$7,117

$1,126

Accounts Receivable

$0

$0

Total Assets

$157,696

$153,285

Short-Term Debt

$0

$0

Long-Term Debt

$618,383

$413,403

Total Liabilities

$618,383

$413,403

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$556,421
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/08/2025 StartEngine $5,995,272 $35,356 Equity - Common Active RegCF
03/23/2023 Wefunder $10,000,000 $264,406 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
ABBY by GOGOTECH on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,995,272
Price per Share: $0.52

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