Travelmate Robotics
The first robot assistant and self moving suitcase.
Overview
Raised: $100,716
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/25/2021
Close Date
09/30/2021
Min. Goal
$9,999
Max. Goal
$534,996
Min. Investment
$247
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$3.00
Pre-Money Valuation
$22,634,595
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/03/2021
Days Remaining
Funded
% of Min. Goal
1,007%
% of Max. Goal
19%
Likelihood of Max
Funded
Avg. Daily Raise
$2,798
# of Investors
65
Momentum
Funded
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Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Travelmate Robotics, with a valuation of $22.6 million, is raising funds on StartEngine. The company has created a robotic travel assistant who can carry luggage like a self-moving suitcase. The robot assistant is powered by a patented movement system that uses AI and machine learning to follow people whenever they go. Travelmate Robotics has already gained recognition, with over 3,000 articles written about it. Maximillian Kovtun founded Travelmate Robotics in July 2016. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $534,996. The campaign proceeds will be used for innovation, expansion, and growth.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$373,927 |
$107,709 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-528,244 |
$-206,048 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$230,644 |
$465,911 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$340,161 |
$488,721 |
|
Short-Term Debt |
$0 |
$33,296 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$33,296 |
Financials as of: 08/25/2021
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