About this raise
ABBY by GOGOTECH, with a valuation of $10 million, is raising funds on Wefunder. 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 $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for producing production prototypes, complete packaging design, US warehouse and operations, mobile app and software development, and marketing.
Investment Overview
Invested : $264,406
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 08/26/2022
- Close Date
- 03/23/2023
$50,000
$1,070,000
$100
SAFE
Seed
RegCF
$10,000,000
20%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $350,000
- 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.
Employee History
Founder Interview
ABBY by GOGOTECH Founder John DeBenedette on Accessible Medical Assistance
Medical assistance technology is notoriously expensive. Mobility aids can cost anywhere from a couple hundred to several thousand dollars, with electric wheelchairs coming in between $1,000 and $50,000. For a lot of people, that isn’t a feasible option.ABBY by GOGOTECH is a powered mobility device designed to be both high-tech and affordable. We spoke with founder John DeBenedette about his approach to accessibility as well as his designs and plans for the product.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.