BIB Technologies

BIB Technologies

Early Stage

Mobilizing Businesses with Clean Energy

Mobilizing Businesses with Clean Energy


Raised to Date: Raised: $27,644

Total Commitments ($USD)



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Min. Goal
Max. Goal
Min. Investment


Security Type

Equity - Common



SEC Filing Type

RegCF    Open SEC Filing

Price Per Share


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Rolling Commitments ($USD)



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Days Remaining


% of Min. Goal


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Year Founded



Consumer Products, Goods & Services

Tech Sector


Distribution Model




Capital Intensity



LOS ANGELES, California

Business Type


BIB Technologies, with a valuation of $18.07 million, is raising funds on StartEngine. The company has developed its patented smart shelf technology to create temperature-controlled mobile storefronts. BIB Technologies’ refrigerated storefronts are powered by its own clean energy source and create marketing opportunities for brands in high foot-traffic events and locations. The business has partnered with big brands, including Red Bull, Liquid Death, and PATH Water, and aims to expand to additional industries. Nanavati Low and Deloss Pickett founded BIB Technologies in July 2018. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for company employment, working capital, strategic marketing, warehousing, legal and administrative expenses, and research and development.

Summary Profit and Loss Statement

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Financials as of: 08/08/2023
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Analyst Report



BIB Technologies is a company that specializes in creating temperature-controlled mobile storefronts. This patented technology enables businesses to have cost-effective marketing opportunities in high foot-traffic locations and events. The mobile storefronts are powered by clean energy, aligning with the company's commitment to environmental sustainability. BIB Technologies' innovation is particularly useful for food and beverage brands that need to maintain specific temperatures for their products.

One of the significant advantages of BIB Technologies' mobile storefronts is their adaptability. They can be set up in various locations, from outdoor concerts to sports events, providing high visibility for the brands they house. Moreover, the use of clean energy not only reduces the carbon footprint of these operations but also appeals to the growing consumer base that values environmentally friendly practices.

Next Section: Price


BIB Technologies is offering equity at an $18.07 million valuation. This valuation is high given the company's current stage and financials. While BIB Technologies has developed innovative smart shelf technology for temperature-controlled mobile storefronts, the company is still in the early stage of development and has not yet generated significant revenue. In fact, BIB Technologies reported only $45,000 in annual revenue, which is relatively low for a company with this valuation. 

Next Section: Market


BIB Technologies operates in the US food truck market, which is valued at $1.1 billion according to Grandview Research. This market is expected to grow at a compound annual growth rate (CAGR) of 7.5% over the next few years. The food truck industry is popular due to the relatively low startup costs compared to traditional brick-and-mortar establishments.

However, BIB Technologies is not strictly a food truck company. Its patented technology enables businesses to create temperature-controlled mobile storefronts for marketing purposes in high foot-traffic locations and events. This concept extends the potential market beyond food trucks to include event marketing, retail, pop-up stores and beyond. The applicability of the technology to multiple industries considerably enlarges the potential user base.

Furthermore, the emergence of pop-up stores is a significant trend that could benefit BIB Technologies. Pop-up stores, often temporary and located in high foot-traffic areas, align well with BIB Technologies' offering. The flexibility and creativity offered by pop-up stores are appealing to many retailers, resulting in a $50 billion industry that continues to grow. This trend could provide additional opportunities for BIB Technologies.

Even as the company operates in a competitive landscape, its unique offering of refrigerated mobile storefronts powered by clean energy sources sets it apart from traditional food trucks and pop-up stores. 

Next Section: Team


BIB Technologies was founded by CEO Nanavati Low and President Deloss Pickett. Low, a first-time founder, brings a fresh perspective to the company. Pickett, on the other hand, has experience in high-level management roles. Pickett previously worked for Tesla and initiated the invention behind BIB Technologies. Both founders are full-time on the company.

Next Section: Differentiation


BIB Technologies has developed an innovative solution in the form of refrigerated mobile storefronts powered by its own clean energy source. The company's patented smart shelf technology enables businesses to create cost-effective temperature-controlled mobile storefronts and capitalize on marketing opportunities in high foot-traffic events and locations. A few competitors are developing similar solutions with slightly different designs and usages such as Nuro, Robomart and BrightDrop. Many competitors are also developing electric services with low carbon footprint. BIB Technologies also competes with less direct delivery solutions like Instacart and various forms of pop-up stores. 

Next Section: Performance


BIB Technologies has already partnered with well-known brands such as Red Bull, Liquid Death, and PATH Water, demonstrating the appeal and potential of its innovative solution.

Since April 2023, BIB Technologies has achieved an average of $10,000+ in monthly recurring revenue with its FRO UEV (Franchisee-Owned Units). This early traction indicates that the company's solution is gaining interest in the market and has an early product-market-fit. BIB Technologies' focus on the US food truck market as its addressable market further demonstrates its targeted approach and potential for growth.

Still, the company is at a very early stage and its execution capabilities and speed will be determinant in its success.

Next Section: Risk


BIB Technologies carries some risks that potential investors should be aware of. Firstly, the company is in the early stages of development and has not yet generated any revenue. This introduces uncertainty about its ability to successfully bring its products to market and achieve profitability.

Additionally, BIB Technologies operates in a moderately competitive landscape, facing competition from companies Nuro, BrightDrop and Robotmart. This competition could impact BIB Technologies' market share and growth potential.

Furthermore, the company needs to scale both its production and sales and distribution efforts, which may require significant time and resources. Substantial investment will be needed to support the growth and expansion of the business.

Lastly, BIB Technologies' valuation appears to be on the higher side compared to its current financial performance. Investors should carefully evaluate whether the company's valuation aligns with its revenue and growth potential. 

Next Section: Bullish Outlook

Bullish Outlook

BIB Technologies has developed an innovative solution for businesses looking to create cost-effective temperature-controlled mobile storefronts. With its patented smart shelf technology and clean energy source, BIB Technologies is well-positioned to disrupt the market and provide unique marketing opportunities for brands.

The company has already established partnerships with notable brands such as Red Bull, Liquid Death, and PATH Water, demonstrating the market demand and potential for its mobile storefronts. These partnerships not only serve as validation for BIB Technologies' product offering but also open doors for expansion into additional industries.

BIB Technologies' mobile storefronts cater to the US food truck market, which provides a significant addressable market for the company. With the increasing popularity of food trucks and high foot-traffic events, BIB Technologies can capitalize on the growing demand for convenient and temperature-controlled mobile retail experiences.

The company's clean energy source further adds to its appeal, aligning with the growing trend of environmental impact investing. As sustainability becomes a focus for businesses and consumers alike, BIB Technologies' clean energy-powered storefronts offer a compelling solution that combines convenience and eco-friendliness.

While BIB Technologies is still in the early stages of development and has yet to generate significant revenue, its partnerships, innovative technology, and high market potential position it as a strong contender in the consumer products and services industry. 

Next Section: Bearish Outlook

Bearish Outlook

While BIB Technologies presents an innovative concept of refrigerated mobile storefronts powered by clean energy, there are several concerns that investors should consider.

Firstly, with a monthly revenue of $10,000, the company's revenue is still weak. Although BIB Technologies has secured partnerships with notable brands such as Red Bull, Liquid Death, and PATH Water, it is important to note that these partnerships do not guarantee success or future revenue growth. The company's ability to expand beyond its current industry and capture additional market opportunities remains uncertain.

Moreover, BIB Technologies' valuation of $18.07 million appears to be inflated considering the company's limited revenue and financial performance. 

The company also faces competition and adoption risk. Several startups are entering the same market, but simultaneously, there is a risk that customers would not adhere to the new delivery and pop-up store solution.

Next Section: Executive Summary

Executive Summary

BIB Technologies, Inc. is an innovative company that develops refrigerated mobile storefronts powered by its own clean energy source. The company's patented smart shelf technology allows businesses to create cost-effective temperature-controlled mobile storefronts in high foot-traffic locations and events. 

BIB Technologies is still in its early stages and has yet to prove its business model. The company has reported a modest annual revenue of $45,000 and a net income loss of $25,763 in the most recent fiscal year. While it has achieved an average of $10,000+ in monthly recurring revenue since April 2023, it's worth noting that the company is an overvalued business.

Despite these financial challenges, the company is well-positioned in a growing market. Pop-up stores are becoming increasingly popular due to their cost-effectiveness and flexibility compared to traditional brick-and-mortar locations. BIB Technologies' unique offering of temperature-controlled mobile storefronts could therefore tap into this growing trend and achieve significant growth in the coming years.


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BIB Technologies on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $18,070,400
Price per Share: $1.60

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