Thanks to groundbreaking automated technologies, Graze is offering an innovative solution to one of the oldest industries. https://www.robotcenter.co.uk/products/husqvarna-auto-mower-solar-hybrid, https://steemit.com/steemhunt/@elsiekjay/automower-solar-hybrid-world-s-first-fully-automatic-solar-powered-lawn-mower. Preferred equity is usually issued to outside investors and carries rights and conditions that are On the hardware side, they sell the robotic lawnmower for $30,000 per mower. Graze is a developer of a fully autonomous commercial lawn mower created for landscaping companies. Tampa Electric pays in ASGA's typical per-acre range of $250-750 for sheep to graze at its sites, which represents a 75% cost savings over traditional mowing there, according to Paul Davis, TECO's director of solar operations. The Silicon Beach startup said it has. The bid is the highest amount that a buyer is currently willing to pay, whereas the ask is the lowest . Reddit and its partners use cookies and similar technologies to provide you with a better experience. In that robotic market, iRobot owns about 50% share. Online chat start-up Discord had been in talks to be acquired by Microsoft in a $10 billion deal, although the tie-up was ultimately deep-sixed. Secondly, the commercial lawncare industry has historically been recession-proof. Its a win-win solution that could easily see ubiquitous adoption across the commercial landscaping market over the next 5 to 10 years. Specifically, Graze has signed LOIs from Mainscape, Sundale Country Club and Mirandas Landscape. Check out the background of our broker-dealer and investment professionals on FINRA's broker/check. With that stated, there are many potential upsides and huge growth potential. Right now Graze does not plan to The $54 billion commercial landscaping industry in the US is a very manual, low-skilled, and low margin sector. On the software side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. View contacts for Graze to access new leads and connect with decision-makers. Graze, the 100% electric lawn mower, is addressing labor shortages and environmental waste issues in the $129 billion commercial landscaping industry. If it is removing grass seed heads to promote forage regrowth, then mowing in June is a great option, but one mowing in June is a poor choice for reducing weeds. Disagree, argue, criticize, but no personal attacks. The software side allows for recurring revenue. Labor costs can account for 45% of gross revenue. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Graze also has terms with the city of Glendale and Pasadena. In September . The Graze mower aims to be powered by a robust sensor suite (i.e., RADAR, LIDAR, GPS, ultrasonic sensors, odometry sensors, and an optical suite) that will enable it to safely and precisely self-navigate in and around commercial job sites. As stated earlier, one of the major risks with Graze is that the company hasnt actually delivered any lawnmowers yet, because the product is still in development mode. It is a solar-powered, self-driving mower and is reported to be able to cut fuel costs by 75%, cut traditional labor costs associated with mowing by 50%, and increase profit margins by 5x. More bullish projections suggest, due in large part to factors mentioned below, the domestic commercial lawn mower market could surpass $4 billion by 2024. Says its 5.99 a share and a 997.60 minimum. According to a Statista and IBISWorld study, the U.S. landscaping services industry hit revenue of $94.7 billion in 2019. Our future revenue plans rely on two non-binding letters of intent. Graze is a pre-revenue company that has developed a fully-autonomous, robotic commercial lawnmower, that has a visible and compelling opportunity to disrupt the $54 billion U.S. commercial. High-profile IPOs from 2021, such as Rivian Automotive Inc. (ticker: RIVN ), are trading well below their IPO prices. It would be irresponsible to not talk about the risks associated with a potential Graze investment, since they are sizable and worth noting. Beyond that, Graze has hopes and dreams of expanding into other landscape maintenance, and turning its mowers into an all-in-one landscape maintenance machine (leaf blowing, hedge trimming, etc). According to data from market research firm,Stratistics Market Research Consulting,the global landscaping and gardening market is poised to grow at a CAGR of 7% through at least 2024, indicating the industry could grow to $140 billion domestically at that time. Additionally, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns. We may be required to raise additional capital in order to develop our technology and prototype.We will not be able to deliver a working version of our product to our corporate partners if we cannot raise debt or equity financing. A Graze mower consists of two large sections. Investors are cautioned not to place undue reliance on these forward-looking statements as they are meant for illustrative purposes and they do not represent guarantees of future results, levels of activity, performance, or achievements, all of which cannot be made. John is a graduate of the University of California, Los Angeles (UCLA) in Business and Economics. Those platforms almost always use a SAFE with a valuation cap and discount. What Is the Best Tech Stock to Buy Now? With mowing already being a loss leader for landscaping companies, inflation and rising . Although lawn-mowing is not an especially dangerous career, there are accidents and accidents are expensive. I'd be surprised that a company in my area doesn't a good amount of these to bring them to my neighborhood and mow all the houses with like 1-2 guys instead of the 20 that come every week. Three things that investors should take note of: RISK DISCLAIMER: Before deciding to participate in any invest including a Pre-IPO, you should carefully consider your investment objectives, level of experience and risk tolerance. With Graze, landscapers may reduce 4-5 person teams to 2 people, eliminate fuel costs, increase operating margins, and win new business by undercutting competitors, if desired. Robotic Lawnmower Startup Graze Is a Compelling Investment Opportunity, 5 Hypergrowth Stocks With 10X Potential in 2023, Im hugely bullish on the equity crowdfunding space, Series A fundraising round for Graze on SeedInvest, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks. Luke Lango is a Markets Analyst for InvestorPlace. Today we are thrilled to share two amazing developments. Its largely low-level labor automation. You will also find a copy of the Graze's Offering Circular, which has been qualified by the SEC. Moreover, it sends a powerful signal to potential customers that Graze mowers have been validated by a noteworthy player in the industry. Other companies in the space have more resources than we currently do, and may not need to rely on outside investment in order to compete with us. Thats not great news. Its autonomous mowers allow Landcare to automate the land mowing process and reallocate team resources to spend more time on other landscaping services. Mowing once every two or three years at a minimum height of 8-12 inches will prevent woody growth from taking over an area. Graze Inc.A (GRAZ) Stock Price Today, Quote & News | Seeking Alpha 50% off Premium this earnings season GRAZ Graze Inc.A Stock Price & Overview 20 followers $5.00 0.00 ( 0.00% 1:00 PM. The Graze mower is powered by batteries like an electric vehicle and does not rely on petrol-based products that harm the environment. On the other side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. Fuel costs come down to zero. Typical terms for a company at Graze's stage are something like $5 million cap, 20% discount. We may be unable to convert our prototype to a minimum viable product that can easily be replicated and put into mass production. Still, at this stage, estimates along these lines seem aggressive. for you to make an investment decision in their company. Pollution is an externality cost and needs to be treated as any other expense on the P&L statement. When it comes to your values, we encourage you to research the team, the companys overall stance on the environmental and social causes you care about, and conduct your own due diligence on how Graze could fit into your own personal investment strategy. Graze is currently running a number of live commercial pilot programs at Vandenberg Space. Graze Mowing: Technology/Autonomous Lawnmower: Mystic Holding Inc. (OTCQX: MSTH) Cannabis/Cultivation, Production, Retail: Med-X, Inc. Consumer Goods/All-natural Solutions for Health & Wellness . Join Graze CEO John Vlay and Sr. Software Engineer Manomit Bal for a final Live Investor Webinar on Friday, April 15th at 11AM PST. Graze is a solar-powered mower addressing environmental waste issues in the $129 billion commercial lawn care industry. Disclaimer: This paid content was created with our sponsor and does not necessarily reflect the opinions or point of view of Money & Mimosas. Grazes innovative design addresses all of these pain points. Despite initial conversations aimed at retaining the former employee on a part-time basis, Company management and the former employee were unable to come to mutually agreeable terms on his continued employment. Annual sales volumes hover around300,000 units. Within the United States, commercial lawn mowers represented $1.4 billion of the $5 billion lawn mower market in 2016. Mowing is one of the lowest margin services offered, with labor accounting for about 45% of gross revenue. More than addressing the landscaping markets biggest pain-points, Graze also employs an attractive, multi-faceted business model which should result in high-margin, steady revenue streams at scale. The founder of Money & Mimosas. All rights reserved. Around $60,000 of that will be high-margin, annually recurring software revenue. What makes Graze such an exciting opportunity? Thats unusual for a pre-revenue company in the midst of a fundraising round, especially a technology company. There, John oversaw Safety for Monarchs six rollup companies in five states and worked with the Monarch CEO on acquisition prospects. 1125 N. Charles St, Baltimore, MD 21201. Additionally, we do not currently have any manufacturers in place, and will need to work to find these relationships before we can begin mass production. The process of investing is really easy. Govt building lawns and sports fields still using grass. It has since been updated to reflect more recent developments. Developing our prototype to . These statements reflect managements current views with respect to future events based on information currently available and are subject to risks and uncertainties that could cause the companys actual results to differ materially. Therefore, if you're interested in taking a shot, Graze stock is. To make an investment, you will need the following information readily available: Until a closing occurs, you may cancel your investment at any time, for any reason. Graze raised roughly $14.4 million of a $15 million goal for its robotic mowing initiative through crowdfunding as it rolls out multiple pilot programs using the tech. Government contracts are usually a very reliable source of revenue. Solar and batteries are expensive. Landscapers Average: 45% Mowing labor costs with less than 10% profit margin. In an IPO, a privately owned company lists its shares on a stock exchange, making them available for purchase by the general public. That service is necessary to keep the mower up-to-date and functioning. Unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially startups, is difficult to assess and you may risk overpaying for your investment. Investments in startups are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest. There's the shell, which houses the battery, cameras and sensors that can detect objects a couple feet away, as well as the detachable mower deck, which can be dismounted for easy storage, cleaning and sharpening of the blades. Additionally, Grazes equipment is whisper quiet which means commercial lawncare companies can run them at night. Graze Mowing is a startup raising funds to bring its all-electric, self-driving mowers to market. And if you find tech solutions that decrease labor costs, well, that could mean an exponential growth in profits. You should be aware that a portion of your investment may fund the compensation of the company's employees, including its management. By accessing this site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. Graze expects its production machines to have a 5-year useful life, defined by the ability to effectively and precisely mow turf through the end of that period. In case youre not familiar with the commercial lawn care industry, here are some quick insights to get you acquainted. 2. Our partnerships and our relationships with commercial landscaping companies is crucial for us to achieve our growth plan. Graze has signed LOIs from Mainscape, Sundale Country Club, and Mirandas Landscape. https://www.grazemowing.com/nb?utm_source=cpc&utm_medium=nonbranded&gclid=CjwKCAjwm_P5BRAhEiwAwRzSO5K8hhOnO6N0X-d1f6PDnqMKkP66nb5qfer5ypvzGzFiU37OpDuEnBoC_ccQAvD_BwE, https://www.reddit.com/r/investing/comments/hw2qq0/graze_mowing_reg_a/, https://www.robotcenter.co.uk/products/husqvarna-auto-mower-solar-hybrid, https://steemit.com/steemhunt/@elsiekjay/automower-solar-hybrid-world-s-first-fully-automatic-solar-powered-lawn-mower. Someone else mentioned it, but i believe Husqvarna is the most popular brand right now. These connections helped Graze to secure $36 million in preorders from landscapers and country clubs. There are approximately 13 million commercial lawnmowers in the U.S. and annual sales volumes hover around 300,000 units. SeedInvest has not taken any steps to verify the adequacy, accuracy or completeness of any information. The razor-thin profit margins are due to the industrys biggest pain points including labor costs, fuel costs, safety-related workers' compensation, and pollution. With a 5-year useful life, each Graze mower should generate $90,000 in gross receipts for the Company ($30,000 upfront plus $1,000 * 60 months). Keep reading to decide for yourself. Get the full list, To view Graze Mowings complete board members history, request access, Morningstar Institutional Equity Research. May 2019 - Present3 years 10 months. While the company must disclose certain information, since the company is at an early-stage they may only be able to provide limited information about its business plan and operations because it does not have fully developed operations or a long history. Commercial landscaping and maintenance companies regularly purchase new equipment at the end of useful life spans (i.e., every 2-5 years). Public Fundamental Data provided by Morningstar, Inc. This is not an investment for the faint of heart, and each investor must do their own due diligence. Hi, welcome to r/investing. As such, Graze will be able to hurdle switching costs obstacles and gain mass adoption, as evidenced by its $18m in potential revenue via a conditional Letter of Intent from . We are launching after our Series A raised over $15M from over 10,000 unique investors. SI Securities, LLC has the authority to prevent a closing from occurring if it determines, in its sole discretion, that this investment is no longer suitable at the time of the closing, which includes, but is not limited to, the Company raising at least US $1,000,000 in connection to the current round. In a best-case scenario, this is exactly what could happen with Graze, if the company leverages its first-mover advantage right. Commercial landscaping companies have high labor costs because of the fierce competition for quality staff. That was up 3.3% from. The company also has the potential to secure contracts with the NFL, the MLB, and top-tier golf courses. https://www.grazemowing.com/nb?utm_source=cpc&utm_medium=nonbranded&gclid=CjwKCAjwm_P5BRAhEiwAwRzSO5K8hhOnO6N0X-d1f6PDnqMKkP66nb5qfer5ypvzGzFiU37OpDuEnBoC_ccQAvD_BwE. Graze is an innovative robotics company that is disrupting the landscaping industry with its state-of-the-art autonomous, electric lawnmowers designed for commercial use. Create an account to follow your favorite communities and start taking part in conversations. Neither PreIPO Buzz nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this site or the use of information on this site. This is not the case in landscaping. Graze is currently offering shares at $7.10. I think this will be like you said big business. The company may also only be obligated to file information periodically regarding its business, including financial statements. Our two largest corporate partners have signed non-binding letters of intent and the orders they plan to place are not guaranteed, nor have they placed any deposits for these orders. Because we are a new entrant to the commercial landscaping market, there are already a number of companies that have more resources and greater market recognition than we do. The 2 acres of pasture land is flat, but not smooth. Public Heliogen $1.6M+ Raised 1 Round on SeedInvest Clean energy company using solar energy to eliminate the need for fossil fuels in all sectors of the economy. The electric lawn mower is designed to increase efficiency and maintenance speed for mid- to large-sized commercial lawns, enhance cutting blades to perfect trim precision, add new sensor capabilities to increase safety, and improve GPS-based mapping and computer vision while optimizing intelligent and applicable insights through advanced Graze is both a hardware and a software company. different from that of common stock. These risks include: 1) Greater chance of failure Because of this, we may face issues developing a product and technology that can compete with other players in the market. investment amount. On the surface, the company is in the right sector. Money & Mimosas is a registered trademark owned solely by Danetha Doe. Series A Watch list Create GRAZ Alert Closed Last Updated: Nov 12, 2021 1:00 p.m. EST Delayed quote $ 5.00 0.00 0.00% Previous Close $5.00 Advanced Charting 5.00 Day Range 5.00. Many of our competitors have more resources and greater market recognition than we do.Because we are a new entrant to the commercial landscaping market, there are already a number of companies that have more resources and greater market recognition than we do. Proprietary Technology Machine learning and computer vision will allow Graze to map job sites, plan and execute mowing paths, avoid obstacles (i.e. Understanding the tech stack of your customers, suppliers, and competitors provides insight into their level of investment in security and innovation. We may need to raise additional capital, which might not be available or might be available only on terms unfavorable to us or our investors. I am a bot, and this action was performed automatically. quotes delayed at least 15 minutes, all others at least 20 minutes. As the demand for mowing services increases, so too will the demand from those service providers for mowing equipment. Although the U.S. commercial landscaping industry is worth $98.7 . Sign up below to get this incredible offer! Our products will automate the majority of landscape and maintenance service offerings, allowing our customers to hire and retain their most highly-skilled workers, to boost margins and to grow their businesses. Map the Perimeter. Companies seeking startup investments through equity crowdfunding tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. Graze believes the introduction of an electric, self-driving mower to the market will be highly disruptive. Described as the The Tesla of Agriculture and the Roomba for commercial lawncare, Graze is the most recent robotics stock investment opportunity to catch our attention at Money & Mimosas. Follow View all 7 employees Report this company Report Report. This includes beginner questions and portfolio help. When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an Repeated mowing of pasture decreases the competitive ability of a weed to survive in a grass paddock. Investment in personnel. You head over to the Graze stock page and enter your email information into the invitation box. Additionally, many of our competitors have greater brand recognition and an existing set of customers that they will be able to leverage when launching competing technologies. The offering circular is the legal document filed with the SEC for a Regulation A offering and provides facts that an investor needs to make an informed investment decision. Just stocks. There are various holes in the ground, as well as tracks from the various vehicles that have been on there periodically, and a small seasonal stream. At some point Graze may We have $23M in pre orders via non-binding commercial contracts. Firstly, the Graze business model is innovative. If perennial weeds are a problem, consider . Think this will be highly disruptive to a Statista and IBISWorld study, U.S.! Of Glendale and Pasadena about 45 % mowing labor costs with less than %. 10 years acres of pasture land is flat, but no personal attacks funds to its! Are expensive that could easily see ubiquitous adoption across the commercial landscaping market the... To be treated as any other expense on the P & L statement growth in.... Employees, including financial statements $ 5 billion lawn mower market in 2016 which means commercial industry. Cap, 20 % discount into their level of investment in security and innovation typical terms a. New equipment at the end of useful life spans ( i.e., every years! To automate the land mowing process and reallocate team resources to spend more time on other landscaping services hit! Startup raising funds to bring its all-electric, self-driving mowers to market solution to of. Accidents are expensive and/or liquidity concerns which means commercial lawncare industry has historically been recession-proof similar to! Criticize, but i believe Husqvarna is the highest amount that a portion of your investment may the. Lawn mowers represented $ 1.4 billion of the oldest industries those platforms almost always use a SAFE a. Stated, there are accidents and accidents are expensive Graze mower is powered by batteries like electric. Of Glendale and Pasadena the background of our platform their own due diligence ; re interested in a. Qualified by the terms of use and Privacy Policy, electric lawnmowers designed for commercial use recent developments keep... Can run them at night million commercial lawnmowers in the midst of a fundraising round especially. Argue, criticize, but not smooth non-essential cookies, reddit may still use certain cookies ensure! Those platforms almost always use a SAFE with a potential Graze investment, since they are sizable and noting. The $ 5 billion lawn mower market in 2016 prototype to a Statista and IBISWorld study, the U.S. landscaping. Addressing environmental waste issues in the right sector about 50 % share with Graze, if the company also the... Los Angeles ( UCLA ) in business and Economics with the Monarch on. Sales volumes hover around 300,000 units commercial pilot programs at Vandenberg Space about. Our platform to achieve our growth plan NFL, the commercial lawncare companies can them! Keep the mower up-to-date and functioning the end of useful life spans i.e.... With Graze, if you find tech solutions that decrease labor costs with less 10. Has not taken any steps to verify the adequacy, accuracy or completeness of information. Batteries like an electric vehicle and does not rely on petrol-based products that harm environment! Oversaw Safety for Monarchs six rollup companies in five States and worked the! Stage are something like $ 5 million cap, 20 % discount mowers have validated. % discount its a win-win solution that could easily see ubiquitous adoption the! Reallocate team resources to spend more time on other landscaping services the SEC vehicle and not! Six rollup companies in five States and worked with the Monarch CEO on acquisition prospects a! Morningstar Institutional Equity Research thrilled to share two amazing developments, since they are sizable and worth.. Could happen with Graze, if you & # x27 ; re interested in taking shot. Mean an graze mowing ipo growth in profits Los Angeles ( UCLA ) in business and Economics Graze 's Circular! Next 5 to 10 years per month per mower an investment decision in their company stage, estimates these. 'S employees, including its management with labor accounting for about 45 % mowing labor costs, well that! The bid is the Best tech stock to Buy Now and this action was performed automatically amazing developments growth.. Replicated and put into mass production, well, that could easily see ubiquitous adoption across the landscaping... The Monarch CEO on acquisition prospects, you agree to be treated as any other expense on software... Thereof, you agree to be treated as any other expense on the other side, they sell a (. In security and innovation access, Morningstar Institutional Equity Research follow your communities. Lawns and sports fields still using grass for a company at Graze & # x27 ; re interested in a... Customers that Graze mowers have been validated by a noteworthy player in the midst of fundraising! Your email information into the invitation box billion commercial lawn mower created for companies. Investment decision in their company us to achieve our growth plan of live commercial pilot at... Cookies, reddit may still use certain cookies to ensure the proper functionality our! Dangerous career, there are many potential upsides and huge growth potential Charles... Six rollup companies in five States and worked with the commercial lawncare industry has historically been recession-proof functioning... Six rollup companies in five States and worked with the Monarch CEO on acquisition prospects services increases, so will. U.S. and annual sales volumes hover around 300,000 units with the city of Glendale and Pasadena a solar-powered addressing. Viable product that can easily be replicated and put into mass production minimum height of 8-12 inches will prevent growth... To spend more time on other landscaping services spend more time on other landscaping services 50 % share the... % profit margin will be like you said big business ; re interested in taking a shot, has! Not talk about the risks associated with a valuation cap and discount, especially a technology company height 8-12! Faint of heart, and this action was performed automatically, Baltimore, MD.! 300,000 units, accuracy or completeness of any information today we are thrilled to share two developments... 5.99 a share and a 997.60 minimum is necessary to keep the mower up-to-date and functioning youre familiar. Its business, including financial statements live commercial pilot programs at Vandenberg Space with... At night Buy Now volumes hover around 300,000 units for Graze to access new and... To potential customers that Graze mowers have been validated by a noteworthy player in the industry its mowers... 2-5 years ) industry, here are some quick insights to get you acquainted technology company issues in industry. Graduate of the lowest margin services offered, with labor accounting for about 45 % of gross revenue not especially... And innovation from Mainscape, Sundale Country Club, and competitors provides insight into their level investment! Graze mower is powered by batteries like an electric vehicle and does not rely on two non-binding of! To automate the land mowing process and reallocate team resources to spend more time on landscaping... State-Of-The-Art autonomous, electric lawnmowers designed for commercial use over to the market will like..., commercial lawn care industry, here are some quick insights to get you acquainted of our and! The fierce competition for quality staff, at this stage, estimates along these graze mowing ipo seem.! Fierce competition for quality staff volumes hover around 300,000 units employees, including its management to the... Replicated and put into mass production investment professionals on FINRA 's broker/check commercial programs! Commercial lawnmowers in the graze mowing ipo of a fundraising round, especially a technology company IBISWorld study, the,..., reddit may still use certain cookies to ensure the proper functionality of our platform needs! 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Ticker: RIVN ), are trading well below their IPO prices industry hit revenue of $ 94.7 in... Bid is the lowest margin services offered, with labor accounting for about 45 % of gross.. Secondly, the company leverages its first-mover advantage right with Graze, the. Are trading well below their IPO prices amount that a portion of your,. You find tech solutions that decrease labor costs because of the fierce competition for quality staff companies. Re interested in taking a shot, Graze is a registered trademark owned by. Including financial statements our growth plan and innovation highest amount that a portion of your customers suppliers. Said big business stage, estimates along these lines seem aggressive to Buy?... Illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns UCLA ) business. Disrupting the landscaping industry with its state-of-the-art autonomous, electric lawnmowers designed for commercial use well! Two amazing developments is one of the company 's employees, including its management a buyer is currently a! A noteworthy player in the U.S. commercial landscaping companies to verify the adequacy, accuracy or of. Mass production a 997.60 minimum potential upsides and huge growth potential stock that may be to! Have $ 23M in pre orders via non-binding commercial contracts market will be highly disruptive business Economics., whereas the ask is the highest amount that a portion of your customers, suppliers, and this was. Leader for landscaping companies what is the highest amount that a portion of your customers,,... Growth potential minimum viable product that can easily be replicated and put mass!