About this raise
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.
Investment Overview
Invested : $68,985
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 10/10/2024
- Close Date
- 01/08/2025
$15,000
$618,000
$250
Equity - Common
Early Stage
RegCF
$0.52
$5,995,272
Company & Team
Company
- Year Founded
- 2021
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2023
- Monthly Burn
-
$7,800
as of Aug '24
-
Runway
-
2.4 months
as of Aug '24
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $556,421
- VC Backed?
- No
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.