Photo - Avagear
45463

Avagear

Mountaineering Safety Equipment

USA, California
Market: Tourism, sport
Stage of the project: Operating business

Date of last change: 09.03.2020
Min investment
$  1.200.000
Show contacts
Total required
$ 1.200.000
Rating
equalizer из 1000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:

Idea

The concept of our device is by increasing one’s size or volume to such a point it is possible to keep a skier/snowboarder/mountaineer on the surface of an avalanche. We went to the foremost experts – in Davos Switzerland where the device was tested successfully. With such an important discovery our founders felt compelled to bring this invention to the light and insure it was available for those who might need it.

Current Status

The product is developed and units are currently being sold. Since we just started selling, there have been 8 units purchased so far. In the process of building out our channel model.

Market

The global snowboard equipment market is expected to reach USD 352.01 Billion by 2023. While not all boarders are in our target market, 10% are dedicated back country riders. Adding in mountaineering, snowmobiling, skiing, etc. then we get a very large TAM of $20B and quickly growing.

Problem or Opportunity

Lack of proper and sophisticated gear on market provides a huge opportunity for a safer solution, specifically protecting the neck against blunt force trauma while keeping the user at the top of the avalanche.

Solution (product or service)

Our device- best in class mountaineering safety gear- increases one’s size or volume to such a point it is possible to keep askier/snowboarder/mountaineer on the surface of an avalanche. We went to the foremost experts – in Davos Switzerland where the device was tested successfully. With such an important discovery our founders felt compelled to bring this invention to light and insure it was available for explorers everywhere

Competitors

black diamond, a few others. However we are unique from a product perspective- both in deployment and quality of safety.

Advantages or differentiators

Not in backpack, better neck protection as mentioned above. Proven results with the Swiss Institute of Avalanche Study, top of class.

Finance

MSRP is $799, our cost is roughly half of this so margins are healthy. We are already selling product and expect to grow drastically soon.

Business model

manufacture our devices, sell via different channels (online and offline with influencers, partners, etc) for healthy revenue and margins.

Money will be spent on

marketing, product development, team

Offer for investor

prefer a priced round as opposed to a convertible note, but flexible and happy to discuss in person.

Team or Management

Risks

hardware is a tricky business- but we can mitigate risk by bringing in the right people to support a best in class product, backed by the Swiss Institute of Avalanche Study.

Incubation/Acceleration programs accomplishment

Currently working with Dave Martinez Ventures Accelerator Program

Won the competition and other awards

Swiss Institute of Avalanche Study, top of class in a study presented at Davos.

Invention/Patent

available upon request

Photos

Photo 1 - Mountaineering Safety Equipment
5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility185
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video