Ramper Innovations

Ramper Innovations

Early Stage

We keep ramp agents safe + save airlines money

We keep ramp agents safe + save airlines money


Raised to Date: Raised: $4,000

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Convertible Note



SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap




Rolling Commitments ($USD)



Reporting Date


Days Remaining


% of Min. Goal


% of Max. Goal


Likelihood of Max
Avg. Daily Raise


Create a free account today to gain access to KingsCrowd analytics.
Year Founded



Transportation, Automotive, Aviation, & Aerospace

Tech Sector


Distribution Model




Capital Intensity



Sitka, Alaska

Business Type


Ramper Innovations, with a valuation of $3.5 million, is raising funds on Wefunder. The company has developed a compact and motorized conveyor system, TISABAS, to reduce the time, cost, and injuries in airlines’ ground handling operations. Ramper Innovations’ TISABAS is affordable, ergonomic, versatile, and simple to run, and it is designed by a ramper for other rampers. The business has two issued patents and has already produced its BETA units to identify weaknesses and get feedback. Tim Fulton founded Ramper Innovations in July 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $300,000. The campaign proceeds will be used for material and hardware to build three units, continuing to manufacture additional units, operations, hiring, and sales and marketing.

Summary Profit and Loss Statement

FY 2022 FY 2021












Net Income



Summary Balance Sheet

FY 2022 FY 2021




Accounts Receivable



Total Assets



Short-Term Debt



Long-Term Debt



Total Liabilities



Financials as of: 09/25/2023
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Ramper Innovations 01/23/2024 Wefunder $3,500,000 $4,000 Convertible Note Active RegCF
Ramper Innovations 08/31/2022 Wefunder $3,500,000 $274,562 Convertible Note Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)


$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Analyst Report


Ground handling operations for airlines can be a challenging and often hazardous task. These operations involve loading and unloading baggage, a physically demanding task that can lead to worker injuries and significant airline costs.

Ramper Innovations, founded by a former ramp agent with over 38 years of experience, addresses this issue head-on. The company has developed a compact, motorized conveyor system known as TISABAS. This system is designed to reduce the time, cost, and potential for injuries associated with airlines' ground handling operations. The TISABAS system is affordable, ergonomic, versatile, and simple, making it a potentially transformative solution for ramp operations.

Ramper Innovations' TISABAS system has already undergone beta testing to identify potential weaknesses and gather feedback. This process has led to a product uniquely tailored to ramp agents' needs, designed by someone who understands their challenges firsthand. The company holds two issued patents for its innovative system, underscoring its commitment to technological advancement in this sector.

Next Section: Price


Ramper Innovations is raising funds at a $3.5 million valuation. While the company has developed an innovative product, TISABAS, to improve ground handling operations in the airline industry, the valuation seems high, given the current revenue and traction. Ramper Innovations generated only $53,352 in revenue last year, which resulted in an increased revenue multiple of 65.6. Additionally, the company has not yet achieved profitability, raising concerns about the valuation. Investors should carefully consider the potential return on investment given the current valuation and financial performance of Ramper Innovations.

Next Section: Market


The global airport baggage handling systems market is a significant sector within the transportation industry. According to Mordor Intelligence, this market was valued at $1.64 billion in 2020. It is expected to grow at a compound annual growth rate of 12.88% during the forecast period from 2021 to 2026.

While there are established competitors in this space, Ramper Innovations has positioned itself as a unique and innovative player. The market acceptance for their solution is high, as it addresses pain points experienced by rampers and offers potential cost savings for airlines.

Next Section: Team


CEO Tim Fulton founded Ramper Innovations. Fulton spent over 38 years as a ramp agent for Alaska Airlines before starting Ramper Innovations. His extensive airline industry experience and passion for making the industry safer led him to develop the TISABAS.

Fulton's deep industry experience of 45 years gives him a unique perspective and understanding of the challenges rampers face. His firsthand knowledge and insights have been instrumental in developing a loading solution that not only saves rampers' backs but also saves airlines money. 

With a small team of two members, Ramper Innovations is focused on executing its vision and bringing the TISABAS to market. Fulton's leadership and industry experience, combined with the team's dedication, position the company for growth and success in the transportation and aviation industry.

Next Section: Differentiation


Ramper Innovations differentiates itself in the transportation industry with its innovative product, TISABAS, a compact and motorized conveyor system designed to improve airline ground handling operations. The system aims to reduce time, cost, and injuries associated with loading and unloading processes. TISABAS is affordable, ergonomic, versatile, and simple, making it an attractive airline solution. 

Ramper Innovations has already produced beta units of TISABAS to gather feedback and identify any weaknesses in the system. The company holds two issued patents for its innovative technology, providing protection and intellectual property rights. This demonstrates a commitment to research and development and a focus on creating a unique and differentiated product in the market.

While the competitive landscape is not explicitly mentioned, the description suggests fewer than ten direct competitors are in the market. This indicates that Ramper Innovations may have a relatively niche market with limited competition, providing an opportunity for the company to establish itself as a leader in this space.

Next Section: Performance


Ramper Innovations has made significant product development progress and secured two issued patents. This demonstrates the company's commitment to innovation and its ability to protect its intellectual property. With a focus on addressing the needs of ramp agents, Ramper Innovations has the potential to carve out a niche in the market and become a leader in this segment.

Although Ramper Innovations has no significant partnerships or distributors at this stage, the company has gained traction and has paying customers. This indicates that the product has resonated with its target market and has generated revenue. The company's annual revenue is $53,352, and while it has not experienced significant revenue growth since the last round, it is still in the early stages of development.

Ramper Innovations has raised $882,624 in prior rounds, demonstrating investor confidence in the company's potential. 

Overall, Ramper Innovations is in the growth stage and shows promise in addressing the specific needs of the airline industry. With its unique product offering and early customer traction, the company can potentially disrupt the ground-handling operations market and generate further revenue growth.

Next Section: Risk


There are a few potential risks to consider. Ramper Innovations operates in a highly regulated industry, which may require approvals or licenses to expand its market reach. The company also has a long sales cycle, which may take time to generate significant revenue. Furthermore, Ramper Innovations has a relatively low cash balance and has incurred losses in recent fiscal years. This could impact the company's ability to scale production, sales, and distribution without additional funding.

Next Section: Bullish Outlook

Bullish Outlook

Ramper Innovations is poised to disrupt the ground handling operations in the airline industry with its innovative product, TISABAS. The company's compact and motorized conveyor system offers a cost-effective and efficient solution to reduce time, expenses, and injuries associated with ground handling. This unique offering can potentially revolutionize the industry and gain widespread adoption.

The fact that TISABAS is designed by a former ramp agent with over 38 years of experience in the airline industry gives it a significant advantage. Tim Fulton's deep understanding of the challenges faced by ramp agents and his firsthand experience in product development has resulted in a solution that addresses the industry's specific needs. This expertise and attention to detail sets Ramper Innovations apart from its competitors.

With two issued patents and beta units already in production, Ramper Innovations is well-positioned to refine its product and gather valuable feedback. The company's commitment to continuous improvement and its proactive approach to identifying and addressing weaknesses demonstrate a dedication to delivering a high-quality product to its customers.

While the market potential may be considered low due to the niche nature of the industry, the benefits offered by TISABAS make it an attractive proposition for airlines looking to improve their ground-handling operations. The company's current revenue growth and successful fundraising efforts indicate a promising future growth and expansion trajectory.

Next Section: Bearish Outlook

Bearish Outlook

Ramper Innovations, although addressing a specific pain point in the airline industry, faces several challenges that could hinder its success. Firstly, the company's revenue growth has stagnated since its last funding round, with no significant increase in annual revenue. This lack of growth raises concerns about the company's ability to generate substantial revenue in the future and achieve profitability.

Furthermore, Ramper Innovations operates with a low margin level, suggesting its profitability may be limited. With high capital intensity requirements and relatively low revenue, the company may struggle to achieve sustainable profitability and generate positive cash flow.

In addition, Ramper Innovations' valuation of $3.5 million appears to be inflated, considering the company's current financial performance and growth prospects. Investors should carefully assess whether the potential return on investment justifies the valuation, as it may be difficult for the company to generate significant returns at this valuation.

Moreover, Ramper Innovations faces low barriers to entry, as its competitive landscape is not currently saturated with similar solutions. This means that more significant, established players could enter the market and compete directly with Ramper Innovations, potentially eroding its market share and hindering its growth potential.

Lastly, the company's net income for the most recent fiscal year was negative, indicating that Ramper Innovations has not yet achieved profitability. While this is common for early-stage companies, investors should consider the risk associated with investing in a pre-profit company, as there is no guarantee of future profitability.

Next Section: Executive Summary

Executive Summary

Ramper Innovations is an aviation technology company that has developed a compact and motorized conveyor system, TISABAS, to enhance the efficiency and safety of airlines' ground handling operations. The product is designed to be affordable, ergonomic, versatile, and simple to operate. It was created by a former ramp agent with over 38 years of experience in the airline industry, which gives the company a unique perspective on the needs and challenges of its target market.

The company has already produced its beta units and secured two patents for its innovative technology. However, it is still in the early stages of development and has yet to turn a profit. Its current annual revenue is $53,352, and it reported a net loss of $303,269 in its most recent fiscal year. Despite this, the company has a high valuation of $3.5 million.

The proceeds from the current crowdfunding campaign will be used to build additional units, continue operations, hire new staff, and invest in sales and marketing. This suggests that the company is actively working towards scaling its operations and reaching a wider market. However, the company's high valuation and low revenue growth indicate that it may be overvalued at this stage. Therefore, potential investors should consider these factors when evaluating the investment opportunity.


The AI-enhanced analyst reports ("AI reports") provided by KingsCrowd are experimental in nature and may exhibit certain limitations and uncertainties. These reports are generated in part or in whole by artificial intelligence algorithms, which have the potential to hallucinate (e.g. generate fictitious information), interpret data incorrectly, omit information, or reference sources of data that may contain inaccuracies.

While we strive to provide reliable and accurate information, it is essential to understand that the AI reports should not be solely relied upon as the basis for making investment decisions. We strongly advise all users to exercise caution, conduct thorough due diligence, and verify data and facts independently before making any investment decisions.

The AI reports are intended to serve as one of the tools in your investment research process, offering additional insights and perspectives, and exposing more of our dataset to customers by transforming that data into natural language. They should be used in conjunction with other sources of information and professional judgment. KingsCrowd does not assume any liability for the accuracy, completeness, or reliability of the AI reports or any investment decisions made based on them.

Investing in startups and early-stage companies involves inherent risks, and it is essential to consult with qualified professionals and seek independent financial advice before making any investment decisions.

By accessing and using the AI reports, you acknowledge and accept the experimental nature of this feature and agree to use it at your own risk.

Please note that this disclaimer may be subject to updates and revisions as we continue to enhance our AI algorithms and improve the accuracy and reliability of the generated reports.

Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Ramper Innovations on Wefunder 2023
Platform: Wefunder
Security Type: Convertible Note
Valuation: $3,500,000

Follow company

Follow Ramper Innovations on Wefunder 2023

Buy Ramper Innovations's Deal Report

Ramper Innovations Deal Report

Get KingsCrowd’s comprehensive report on Ramper Innovations including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Ramper Innovations is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise
  • Our deep-dive analyst report reviewing the deal's investment potential and bullish vs. bearish outlook

Buy the Ramper Innovations deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge